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Kobotan [32]
3 years ago
13

Unit 1 Quiz Submit 6 A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market

economy can produce? OA. It creates extreme divisions between the wealthy and the poor. OB. It lets many workers choose where they want to be employed. OC. Goods and services are only produced for uses planned by the government D. The lack of competition means that consumers have fewer choices Reset Next​
Business
1 answer:
Lesechka [4]3 years ago
6 0

Answer:

A. It creates extreme divisions between the wealthy and the poor

Explanation:

The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.  

The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any

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Answer:

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Explanation:

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The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on
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Answer:

The Ferre Publishing company

Service Costs Assigned to each Operating Department:

                                Service Departments               Operating Departments

              Admin.    Janitorial    Mainten.       Binding      Printing    Total

Costs  $168,000   $126,000   $57,600     $330,000  $516,000 $1,197,600

Admin (168,000)                                             100,800     67,200     0

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Explanation:

a) Data and Calculations:

                                Service Departments               Operating Departments

                 Administration Janitorial Maintenance     Binding      Printing    Total

Costs          $168,000        $126,000     $57,600     $330,000  $516,000   $1,197,600

Number of

employees           60                    35              140              315         210    760

Square feet of

space occupied 15,000       10,000       20,000        40,000      100,000    185,000

Hours of

press time                                                                     30,000      60,000     90,000

Allocation bases:

Administration cost = Number of employees 525

Janitorial cost = Square feet 140,000

Maintenance cost = Hours of press time 90,000

Allocation Rates and to Operating Departments:

Administration $168,000/525 = $320 per employee

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Binding = 40,000 * $0.90 = $36,000

Printing = 100,000 * $0.90 = $90,000

Maintenance costs = $57,600/90,000 = $0.64 per press hour

Binding = 30,000 * $0.64 = $19,200

Printing = 60,000 * $0.64 = $38,400

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