Answer:
- The nations
Created regulations that prevent the firms to do something that harmful for the households. This made people in the households able to safely buy their products without worrying much about the materials that is used by the firms.
The nations also create regulations that prevent the firms to conduct malicious/dishonest marketing practices.
- The firms.
Created product that can be consumed by the customers.
These products will be use by the household to fulfill both their basic needs and tertiary needs.
After obtaining a profit, the firms will pay a percentage of their profits to the nations. The nations will use it to fund government programs.
- The household
The household provides the labors that is ued by the firm. They also use the wage of their labors to purchase products that is produced by the firm. A percentage of their wages also taken as taxes for the household.
Answer:
The workers will only produce oranges.
Explanation:
'Opportunity cost' is an important concept which shows the relationship between choice and scarcity. For example: One can spend money and time on one thing at a time but loses the opportunity do perform the other things, which would be his opportunity cost. Like you take a vacation for the money you have but the opportunity cost is not having a new car.
Relative price is the price of one commodity in terms of another. In the given situation, opportunity cost of an apple is 3 oranges and relative price of apple is 3, so the workers will produce only oranges, as it will be more profitable.
Answer:
$61
Explanation:
Calculation for What futures price will allow $1,000 to be withdrawn from the margin account
Let x be the futures price
Futures price =1000 units(x-$60 per units) = $1,000 loss
x-$60=$1,000/1000 units
x-$60 = $1
x=$60+$1
x = $61
Therefore the futures price that will allow $1,000 to be withdrawn from the margin account will be $61
It is given that Daniel Dino restaurant owes employees' salaries of $15,000. It means the salary is payable to the employees and if Daniel Dino restaurant has not recorded the salary expense, then it needs to record an adjusting entry for the same.
To record the adjusting entry, the Salary expense shall be debited and Salaries payable shall be credited with the amount owed. The adjusting entry shall be as follows:
Salaries Expense Debit $15,000
Salaries Payable Credit $15,000
(Being adjustment made for salaries payable)
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another...... The idea of opportunity costs is a major concept in economics....... Because by definition they are unseen opportunity costs can be easily overlooked if one is not careful.... or not..... it has been awhile since did questions like this