The correct answer is allocates resources efficiently and allows economic freedom.
The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.
Answer:
Contribution margin= $169
Explanation:
<u>First, we need to calculate the total unitary variable cost:</u>
total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense
total unitary variable cost= 38 + 1 + 8 + 4
total unitary variable cost= $51
<u>Now, the contribution margin:</u>
Contribution margin= 220 - 51
Contribution margin= $169
Answer:
Leading/Leadership
Explanation:
Leadership inspires, influences and motivates people to work towards a goal and achieve it.
Unfortunately, you failed to include the table.
<span>Local Publics is the marketing micro environment that Rondoll Mart used here for having the advantage by providing the service of free meals to those who faced loss in the Hurricane. The interactions done here with the local civilians form a strong base of marketing for the mart.</span>
