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alexandr1967 [171]
4 years ago
14

What is rent seeking in economics​

Business
1 answer:
Nataly_w [17]4 years ago
4 0

Answer:

Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential natoinal decline

Explanation:

Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline

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OCEAN is an acronym for _____.
Tema [17]
OCEAN is an acronym for openness, conscientiousness, extraversion, agreeableness, neuroticism.
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4 years ago
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Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
blagie [28]

Answer:

D.

Explanation:

Based on the scenario being described within the question it can be said that when allocating funds, the firm should probably assign the highest cost of capital to division Z because it is most likely the riskiest of the three divisions. This is because Division Z focuses on research and development which means that they might not actually discover or create something that can bring value to the company and is therefore highly risky.

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Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has rec
vekshin1

Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each

<h3>What is Wholesaler?</h3>

The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.

In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.

To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.

To know more about Wholesaler follow the link:

brainly.com/question/7062667

#SPJ4

8 0
2 years ago
Which ics functional area arranges for resources and needed services.
sleet_krkn [62]

The ICS functional area that arrange for resources and needed services is known as logistics.

<h3>What is ICS?</h3>

ICS is an acronym for Incident Command System. It is a management system designed to enable effective and efficient domestic incident management.

The five major ICS functional areas are:

  • Command
  • Operations
  • Planning
  • Logistics
  • Finance/administration.

Hence, Logistics as an ICS functional area is responsible for arranging for resources and needed services to support achievement of the incident objectives.

Learn more about ICS here : brainly.com/question/10695996

3 0
2 years ago
Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department
anastassius [24]

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000.

Explanation:

$140,000 will be credited to Work-in-Process Inventory, Mixing Department and debited to Work-in-Process Inventory, Finishing Department.

Finishing department is a process department. Finished goods are debited only when goods are transferred from the last processing department to finished goods.

Calculations

Cost per units transferred $                4.00

Units transferred 3.500

Total cost of units transferred $ 1,40,000.00

8 0
4 years ago
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