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3 years ago

Who are the households sector consist of and why is this sector a producer and consumer

Business

1 answer:

strojnjashka [21]3 years ago

7 0

Answer:

The answer Is below

Explanation:

The households sector is a sector that consists of people such as consumers or end-users and entrepreneurs that are not into a corporation

Also, this sector has producers and consumers because consumers are the individuals that consume the goods and services produced.

Similarly, there are producers in the household sectors as some individuals produce goods and services for themselves and their immediate environment without going into a corporation. For example, Street food vendors, Cobblers, carpenters, and many more.

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Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market

MatroZZZ [7]

Answer:

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

For example, a farmer selling oranges is an example of a price taking firm

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3 years ago

Nobel laureate Milton Friedman and his followers belong to a school of thought known as monetarism. What do the monetarists argu

krek1111 [17]

Answer:

C. The Fed should target the money supply, not the interest rate, and that it should adopt the monetary growth rule.

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4 years ago

A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event

blagie [28]

Answer:

Loss of $1,080

Explanation:

The correct journal entries would be:

Dr Accumulated Depreciation 9,010

Dr Cash 2,010

Dr Loss on sale 1,080

Cr Truck (Asset) 12,100

Thus, the correct answer is a loss of $1,080

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4 years ago

Over the past 4 years, Cardi, age 28, has contributed a total of $20,000 to a Roth IRA. The current balance is $25,000. She was

Juliette [100K]

Answer:

Explanation:

According to the scenario, computation of the given data are as follow:-

Contributed amount = $20,000

Distribution amount = $15,000

As we know,

Taxable amount = Distribution amount - contribution amount

= $15,000 - $20,000

= - $5,000

The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.

She included $0 amount in her gross income this year.

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4 years ago

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through.

marshall27 [118]

Answer:

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through posting of adjusting entries

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2 years ago

Who are the households sector consist of and why is this sector a producer and consumer​

Who are the households sector consist of and why is this sector a producer and consumer