The items that describe a free market economy are :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest
Hope this helps
Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
Casey and Helen both give and receive gifts that can be taxed, so according to their common-law state, they would have to find out which of the gifts are taxable.
<h3>What is Gift Tax?</h3>
This refers to the federal tax which is levied on a taxpayer who makes a gift of either money or property to someone and is between 18-40%.
Hence, it can be noted that gift taxes are made on any valuable property which is given to another person, regardless of whether the person considers it as a gift.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about gift tax here:
brainly.com/question/876942
Unsafe because you dont interlock them or sercure them therefore it could fall over hurt you or someone else standing by
Answer:
ROE = 20%
Explanation:
Given:
Common equity = $350,000
Net income = $70,000
Find:
ROE
Computation:
ROE = [Net income/Common equity]100
ROE = [$70,000/$350,000]100
ROE = 20%
