New world discovery build an interdependent global economic system where each continent relied on the others to thrive. Role of Europe was to supply markets, capital, technology, Africa was to supply labor and America supplied raw materials (like metal and soil for sugar cane)
More about interdependent economic system:
Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.
Such trading connections demand that a participant's actions have an impact on its trading partners, and it would be expensive to end the relationship.
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Answer:
Marginal Benefits of Emissions
Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.
Explanation:
a) Data and Calculations:
Quantity of Marginal Marginal Total Net Benefit
emissions (Q) Benefits Cost or Cost
100 320 110 21,000
200 280 130 30,000
300 240 150 27,000
400 200 170 12,000
500 160 190 -15,000
600 120 210 -54,000
700 80 230 -105,000
800 40 250 -168,000
900 0 270 -243,000
Answer:
$926,073
Explanation:
Enterprise value=market capitalization+value of debt-cash
value of the firm=price-earnings ratio=11.8
earnings=net income
net income=profit margin*sales
net income=$697,000*6.8%=$47,396
11.8=market capitalization/$47,396
market capitalzation=11.8*$47,396=$559,272.80
enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80 (approx $926,073)
Answer:
In terms of knowledge, it is more important because you have to be knowledgeable to handle situation. Whereas, professional education help you in think big and broad not shallow, in order to be an hero to over situations in life. THE relationship between them is to be professional and your have to be knowledgeable.
