Answer:
Russia and China used to be command economy with the property rights lying solely with the government and the means of production, except labour were owned entirelyby the government. However, the command economy demanded long term planning that needed to be ultra accurate.moreover the system it self gave rise ro bureaucracy and dictatorial regimes, increasing the power centralization and the state corruption and lessening the innovative spirit of the nation.
Capitalism got rid of most of the problems in the command economy. It was accompanied by the democratic reforms in Russia and this led to more transparency. Moreover, the capitalist style social market economy in China introduced private ownership and Entrepreneurship l along with the concept of state owned companies.
In addition, the function of the price mechanism was pivotal as well. Instead of thorough and detailed planning, the resources were distributed by the price and the market demand and supply.
Explanation:
Answer: Have the highest rates of return for a given level of risk.
Explanation:
Efficient Portfolios offer the highest rates of return for a given level of risk or the lowest risk for a given return. This means that they always maximise returns for a given level of risk which makes them very attractive to the point that they are labeled 'The Optimal Portfolio'.
It is argued at at this level, including any other Investment vehicle or rather diversifying the portfolio further cannot be done unless more risk is accepted. This is the point where the portfolio can get no less riskier for the return it offers.
Answer:
A. What is DeShawn's marginal benefit if he sells a basic detailing package?
- marginal benefit = marginal revenue - marginal cost = $75 - $40 = $35
B. What is the marginal cost of adding the engine detailing to the basic detailing package?
C. Should DeShawn continue to offer the engine detailing service?
- Yes. From an economic point of view, a firm maximizes its accounting profit when marginal revenue = marginal cost, and since DeShawn's marginal cost is still much lower than his marginal revenue, he should continue to offer it. From a marketing point of view, this premium service (it is more expensive) may be something that a certain percent of DeShawn's clients want and if he quitted that service he might lose the clients.
Answer:
D
Explanation:
Insurance is used too help pay for major expenses, so D should be the correct answer.
1. If you want to know whether a company had a profit or a loss during a specific period of time,an <span>income statement </span>would be most helpful.
2. The value of the next most valuable opportunity is the opportunity cost of an investment.
3. The costs of running a business are called <span>startup costs.</span>
