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trasher [3.6K]
3 years ago
14

Your friend is a business owner in a planned economy. In a few sentences, explain how central authority impacts his business.

Business
1 answer:
loris [4]3 years ago
7 0

Answer with Explanation:

A "Centrally Planned Economy" refers to an economy where the government's authority affects the economic decisions of the business owners. This means that the business owners and the consumers do not have a say when it comes to their decisions regarding the supply and demand of the items.

This also means that the business owner cannot decide on what product he will be producing, including its process of production and distribution.

Additional Explanation:

Although the command economy signals a <em>lack of freedom for business owners,</em> it has some advantages as well. It results to <u>low unemployment level.</u> The government has the ability to set the number of workers that the business owners will hire in order to address the unemployment rate. Products and services that will be produced are all directed for <em>the good of the people</em>. It is not "profit-driven."

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An insured stops making payments on a loan taken from his cash value policy. What will most likely happen
Mariana [72]

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

8 0
2 years ago
what is the present value of $500 recieved at the end of each year for 15 years? ( assume thatt the first patyment is recieved a
Eva8 [605]

Answer:

$3800

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow fromyear 1 to 15 = 500

I = 10%

PV = 3800

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

4 0
2 years ago
g You will be receiving cash flows of: $2,000 today, $3,000 at end of year 1, $5,000 at end of year 3, and $7,000 at end of year
enot [183]

Answer:

The present value of the cashflows will be $12830.30

Explanation:

The present value of the cashflows can be calculated by dividing the cash flows by the appropriate discount rate and for the appropriate time period.

The present value of the given cash flows will be,

Present Value = CF1 / (1+r) + CF2 / (1+r)^2 + .... + CFn / (1+r)^n

As the first payment is received today, it will already be in the present value so it will not be discounted.

Present value = 2000 + 3000 /  (1+0.1) + 5000 / (1+0.1)^3 + 7000 / (1+0.1)^5

Present value = $12830.295 rounded off to $12830.30

5 0
3 years ago
Read 2 more answers
If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?
Ghella [55]
What are the answer choices
3 0
3 years ago
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Assume that Thomas can afford to buy as many candy bars and ice cream cones as he wants. He would continue to consume both candy
deff fn [24]

Answer:

Marginal utility of each becomes negative

Explanation:

Utility is defined as the level of satisfaction that a person gets from consuming a product.

The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.

That is there is no satisfaction anymore in consuming the product.

In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative

3 0
3 years ago
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