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ahrayia [7]
2 years ago
9

The laissez faire model is inspired by the work of which economic philosopher?

Business
1 answer:
Vitek1552 [10]2 years ago
3 0

Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.

I hope this helped! :)

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Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra
Gnom [1K]

Answer:

Product warrant liability to be reported as on 31.12.2021* is $3.124

<em>*The procedures are attached in a microsof excel document. </em>

Explanation:

This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.

Download xlsx
6 0
3 years ago
The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first
Elanso [62]

Answer:

authorized 100,000

issued 70,000

outstanding 70,000 - 4,000 treasury stock = 66,000

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The amount authorized doesn't change unless the company start  the legal procedure to do it.

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Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.

6 0
3 years ago
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.45 and the variable cost per unit is $16.65. Go
Tasya [4]

Answer:

$67860

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sell price of each toaster= $24.45

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total fixed cost= $25,700

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= sales price- variable cost

= (s-v)x

putting values we get

= (24.45-16.65)\times8700

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8 0
3 years ago
In an efficient market and for an investor who believes in a passive approach to investing, what is the primary duty of a portfo
daser333 [38]

Answer:

<u>Letter B is correct</u>. Diversification.

Explanation:

Diversification in this case is the best option for an investor with this profile. This is because in the passive approach it is considered the price fluctuation information of a stock and the history of its current and future earnings. Therefore, diversification is ideal for this type of investor, because diversifying investments reduces the risk of losses.

6 0
2 years ago
A local restaurant offers an "all you can eat" Sunday brunch for $12. Jenica eats two servings but leaves half of a third helpin
pshichka [43]

Answer:

C. Her marginal value of an additional bite of food has fallen to zero.

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4 0
3 years ago
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