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Likurg_2 [28]
3 years ago
6

The invisible hand is Select one: a. Government direction. b. The profit motive. c. Perfect competition. d. The mixed economy.

Business
1 answer:
statuscvo [17]3 years ago
4 0

Answer: the profit motive

Explanation:

The invisible hand refers to the indirect benefit that s society gets from the free market economy.

A free market economy is an economy whereby the decisions in the market are taken by the individuals and the firms and the main motive here is the profit.

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Minette Company reported net income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by
musickatia [10]

Answer:

b. $210000.

Explanation:

Calculation for Net cash provided by operating activities in 2022

Using this formula

Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal

Let plug in the formula

Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000

Net cash = $210,000

Therefore the Net cash provided by operating activities in 2022 will be $210,000

6 0
3 years ago
Mrs. Hanson has 2 pies for a party. She calculates that if she splits the pies evenly among the guests, they will each receive
LiRa [457]

Answer:

16 guests

Explanation:

If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.

Two pies will be sufficient for 2x 8 = 16 guests.

7 0
3 years ago
Suppose the observed annual quantity of steel exchanged in the European market is 30 million metric tons, and the observed marke
VARVARA [1.3K]

Answer:

-0.10

Explanation:

To calculate this, we us the formula for calculating elasticity of demand (E) relevant for the demand equation as follow:

E = (P / Q) * (dQ / dP) .............................. (1)

Where,

Q = 30

P = 90

E = -0.3

dQ / dP = b = ?

We then substitute all the value into equation (1) and have:

-0.3 = (90 / 30)  * b

-0.3 = 3 * b

b = -0.3 /3

b = -0.10

Therefore, appropriate value for the price coefficient (b) in a linear demand function Q is  -0.10.

NB:

Although this not part of the question, but note that how the linear demand function will look can be obtained by first solving for the constant term (a) as follows:

Q = a - 0.10P

Substituting for Q and P, we can solve for a as follows:

30 = a – (0.1 * 90)

30 = a – 9

a = 30 + 9 = 39

Therefore, the linear demand equation can be stated as follows:

Q = 39 – 0.1P

5 0
4 years ago
Discuss what a small business owner should consider when deciding upon the location for their business
8_murik_8 [283]

Answer:

depending on the place you can consider the number of people who go to it and on that side, the fame it would have for its service, and greater economic progress.

Explanation:

4 0
3 years ago
What is the payback (in years) of a project with the following cash flows? Year 0 1 2 3 Cash Flow -$100 40 40 80 Group of answer
galina1969 [7]

Answer:

2.25 years

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Please check the attached image for a table showing how the payback period was calculated

6 0
3 years ago
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