Answer:
Wealth is often evenly distributed throughout a population
Explanation:
In a free-market economy, the government does not interfere with economic activities in the country. The private sector manufacture and distributes goods and services. The products produced are available for purchase by customers at a profit. Only those with resources will acquire any goods and services including, the basic goods or capital goods.
In the free market economy, wealth is not evenly distributed. Owners of capital goods produce goods and services for profits. They grow more wealthy as they generate more profits. Those without sufficient resources are likely to remain poor as all their income is spent on consumption. The gap between the rich and poor is wide and continues to increase.
Answer:
Following is given the solution of the question.
I hope it will help you a lot.
Explanation:
If the book at shop a is sold at 15% then it goes for 15/100 * 24.99 =$3.74 Basically the book has a discount of $3.74. Its price = $24.99 - $3.74 = $21.25
On the other hand at shop b. A 25% off sale at $27.99 becomes 25/100 * 27.99 = $6.99
So its price becomes $27.99 - $ 6.99 = $21.99. Store A sells the book for the lower price.
Answer:
since the price elasticity of demand for students is -4, the the price charged to them should be:
price = [-4 / (-4 + 1)] x $6 = (-4 / -3) x $6 = $8
since the price elasticity of demand for faculty is -2, the the price charged to them should be:
price = [-2 / (-2 + 1)] x $6 = (-2 / -1) x $6 = $12
Answer: Option (C)
Explanation:
Under single-period inventory model,
<em>Overage cost = Cost/unit - Salvage value/unit</em>
Single-period inventory model is referred to as or known as a business situation faced by the organization that tends to order seasonal items. There tends to be the costs which occur to both ordering too little or too much, and thus organization's managers tries to get its order correct for the first time in order to minimize chances of loss.
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