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kvasek [131]
3 years ago
14

What does the invisible hand do

Business
1 answer:
Nitella [24]3 years ago
5 0
The "Invisible Hand" is a phrase that is used to describe the unsocial benefits resulting from individual's actions. It was coined by Adam Smith. It also describes the function and operation of free markets within the economy. The idea is that people, as individuals, and their own self interest, end up doing what is best for the society. They are being guided by an "invisible hand."


Hope that I was able to help! If you have any questions, feel free to ask! :)
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Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is wit
mario62 [17]

Answer:

the contribution margin per unit is $15 per unit

Explanation:

The computation of the contribution margin per unit is shown below:

Contribution margin per unit is

= Selling price per unit - variable cost per unit

= ($540,000 ÷ 9,000 units) - ($405,000 ÷ 9,000 units)

= $60 - $45

= $15 per unit

Hence, the contribution margin per unit is $15 per unit

7 0
3 years ago
Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the b
erastovalidia [21]

Answer:

B. $124,000

Explanation:

The balance for Maxwell's capital account will be $124,000 i.e the total Market value of the building he is investing minus the mortgage that is supposed to be paid by the partnership.

$180,000 - $ 56,000 = $124,000

3 0
4 years ago
Northern Trail Outfitters launched a Community using the Customer Service template. Community users have requested quick access
miss Akunina [59]

Answer:

A, C, and D

Explanation:

All of the three options chosen will give the community users access to the project custom object in the community navigation.

3 0
4 years ago
A law passed increasing the minimum wage by 10%.
MatroZZZ [7]

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

Read more on minimum wage here:brainly.com/question/1461885

6 0
2 years ago
If fixed costs are $821,000 and variable costs are 63% of sales, what is the break-even point in sales dollars
Nezavi [6.7K]

Answer:

Break-even point (dollars)= $2,218,919

Explanation:

Giving the following information:

Fixed costs= $821,000

Variable costs rate= 63%

<u>If the variable cost rate is 63%, then the contribution margin rate is:</u>

Contribution margin ratio= 1 - 0.63

Contribution margin ratio= 0.37

<u>Now, the break-even point in sales revenue:</u>

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  821,000 / 0.37

Break-even point (dollars)= $2,218,919

5 0
3 years ago
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