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2 years ago

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

Business

2 answers:

gayaneshka [121]2 years ago

8 0

Answer: what the local community has made for generations

notsponge [240]2 years ago

5 0

Answer:

A what businesses believe will generate the most profits.

Explanation:

In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.

The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.

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Has anybody took financial literacy on edmentum? Please reply to this.

zhuklara [117]

Nah. ................

5 0

2 years ago

Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours pe

Sonbull [250]

Answer:

$30,000 unfavorable.

Explanation:

Calculation for what The direct labor efficiency variance for October was

Using this formula

Direct labor efficiency variance = (Standard hours for actual production - Actual hours) × Standard rate per hour

Let plug in the formula

Direct labor efficiency variance=(5,000 × 2 - $207,000 ÷ $18.00) × $20

Direct labor efficiency variance= (10000 - $11,500) × $20

Direct labor efficiency variance= $1,500 × $20

Direct labor efficiency variance= $30,000 unfavorable

Therefore The direct labor efficiency variance for October was $30,000 unfavorable

3 0

2 years ago

When resources are scarce, power differences across subunits are _________; when resources are plentiful, subunit power differen

lilavasa [31]

Answer:

The correct answer is letter "A": magnified, reduced.

Explanation:

Scarcity does not only represent individuals having to sacrifice some of their needs to fulfill others because resources are limited. Scarcity can also represent the reason for dispute between social levels. When resources are scarce and one social stratum has more access to it, differences will increase. The opposite happens when the resources are allocated properly between them: differences are likely to be reduced.

4 0

3 years ago

Is 6ixnine getting out of jail this year?

Alborosie

tbh idk some people has said he escaped others say hes still in there but whatever it is he needs to make another album.

4 0

3 years ago

Read 2 more answers

Assume that a family spends 35% of its income on housing, 20% on travel-related expenses, 10% on utilities, 25% on health care,

iogann1982 [59]

Answer:

We need the slope of each category.

Explanation:

Having the amount of each category is not enough to find the responsive of each one of them to a change in their prices, we need a measure called elasticity, this indicator measures the responsive of a product to a change in its price.

5 0

3 years ago