Which situation would most likely take place in a command economy?

The opportunity cost of an additional 100 dolls is 100 fire trucks. b The opportunity cost of an additional 100 dolls is 50 fire

SVEN [57.7K]

Answer:

The correct answer is The opportunity cost of an additional 100 dolls increases as more dolls are produced.

Explanation:

The opportunity cost is understood as the cost incurred in making a decision and not another. It is that value or utility that is sacrificed for choosing an alternative A and neglecting an alternative B. Taking a path means that the benefit offered by the discarded path is waived.

In any decision taken there is an implicit waiver of the utility or benefits that could have been obtained if any other decision had been made.

For each situation there is always more than one way to address it, and each form offers a greater or lesser utility than the others, therefore, whenever one or the other decision is made, the opportunities and possibilities offered by the others will have been renounced, that may be better or worse (opportunity cost greater or lesser).

7 0

3 years ago

After a computer failure, you are trying to reconstruct some financial results for the year just ended. While you know that back

Naily [24]

Answer: The answers are given below

Explanation:

a. Find the finished goods inventory, January 1.

The cost of good sold will be:

= (cost of good manufactured + finished good inventory beginning) - finished good inventory ending

$21,900 = $21,940 + finished good inventory beginning - $3500

Finished good inventory beginning will now be:

=$21900 - $21,040 + $3500

Finished good inventory January 1 = $4,360

b. Find the direct materials used for the year.

The total manufacturing cost will be:

= direct material + direct labour + manufacturing overhead

$19,460 = direct material + $3160 + $5710

Direct material = $19,460 - $3160 - $5710

Direct material = $10,590

c. Find the Sales revenue.

Gross margin will be :

= Sales revenue - cost of good sold

Let the sales revenue be y

Therefore,

37% of y = y - $21,900

0.37y = y - $21,900

y - 0.37y = $21,900

0.63y = $21,900

y = $21,900/0.63

y = $34,761.9

y = $34,762 approximately

The sales revenue is $34,762

7 0

3 years ago

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0

3 years ago

Robin Baker, a top manager at Westinghouse, has recently been put in charge of a new multi-million dollar project. She selects s

natulia [17]

Answer:

The answer is: A) Autocratic

Explanation:

Autocratic leadership style, also known as authoritarian leadership, is characterized by heavy control by the group's leader. The leader makes all the decisions and doesn't value the subordinates' contributions. Autocratic leaders make decisions based on their ideas and personal judgement, not the others'.

7 0

3 years ago

When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took

olga55 [171]

Answer:

<h2>In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.</h2>

Explanation:

In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.

6 0

3 years ago