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2 years ago

In a market economy, decisions about which goods are produced are based

Business

1 answer:

STatiana [176]2 years ago

4 0

Answer:

B. what businesses believe will generate the most profits.

Explanation:

A market economy is one where the factors of production are owned by the private sector. Production and distribution of products and services are in the hands of private individuals and firms. The government's role is mostly regulation and the provision of public goods.

In the market economy, the private sector engages in business to make profits. They risk their resources in producing goods and services that can increase their wealth. Only the products that are likely to generate profits are produced.

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The aggregate demand curve slopes downward indicating that

Likurg_2 [28]

Answer: Diminishing marginal utility.

Explanation: The demand curve tends to slopes downward because of diminishing marginal utility and it also slopes downwards because of the substitution and income effects.

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2 years ago

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou

GaryK [48]

Answer: D) Daily Compounding

Explanation:To earn as much interest as possible, Anthony should open a savings account that earns compound interest and has the highest interest rate.

Daily compounding is compounded every day, hence Anthony will get the best rate of return on his interest with this.

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2 years ago

The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufactu

Rashid [163]

Answer:

$3,628 per direct labour hour.

Explanation:

Total manufacturing overhead cost and total direct labour hours

Particulars Dep 1 Dep 2 Total

Manufacturing overhead cost 1,360,000 3,560,000 4,920,000

Direct labour hours 553,000 803,000 1,356,000

Plant-wide overhead rate = Total manufacturing overhead / Total direct labour rate

Plant-wide overhead rate = $4,920,000 / 1,356,000

Plant-wide overhead rate = $3,628

Therefore, the Plant-wide overhead rate is $3,628 per direct labour hour.

6 0

2 years ago

A new municipal bond issue had a dated date of January 1, 2018. The first coupon was due on August 1, 2018. The customer bought

blsea [12.9K]

Answer:

1 month

Explanation:

The last coupon paid by this bond was made on August 1, 2018, and the transaction is made on September 1, 2018, therefore, only 1 month has passed since the last coupon was paid. Therefore, accrued interests will be charged for only 1 month.

When bonds are sold including accrued interests, they are said to be sold at their dirty price.

5 0

3 years ago

During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two c

lisabon 2012 [21]

The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

<h3>What is the credit for child and dependent care expenses?</h3>

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

Thus, the credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

Learn more about the credit for child and dependent care expenses at brainly.com/question/15025351

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3 0

1 year ago