Answer:
D. Optimization, Equilibrium and Empiricism.
Explanation:
Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.
<u>Answer:</u>
<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>
<u>Explanation:</u>
In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.
Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.
To keep costs to a minimum for consumers <span>is it in the best interest of the government to regulate natural monopolies
hope it helps</span>
For every dollar of wealth in the average white family, the typical black family has around one cent.
<h3>
What is Racial inequality?</h3>
Northwestern University sociologist Christine Perche ski, who co-authored the study, compared the wealth — assets minus debts — of households with kids for black, white, and Latino families, stating that a family’s wealth exists key to a child’s future success.
Racial inequality in income for families with children has not increased recently, but racial wealth inequality controls grown tremendously,” Percheski said. “The level of racial economic inequality in the U.S. stands staggeringly high, and that is an essential part of the story of racial violence and racial injustice and health disparities of the COVID-19 pandemic.”
Percheski points to prejudice in housing and mortgage lending, including predatory lending, as well as inequities in the way higher education exists financed as some of the contributory factors that have created the huge disparity in wealth between black and white families. She also notes that after the Great Recession of 2008, many white and Latino families existed able to regain much of the wealth they lost. But that hasn’t occurred for black families who have seen a nearly 20% drop in homeownership since that time.
Hence, For every dollar of wealth in the average white family, the typical black family has around one cent.
To learn more about Racial inequality refer to:
brainly.com/question/19908071
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Answer:
$1,701,371
Explanation:
Gross Profit = Sales - Cost of Sales
therefore,
In percentage this equation can be expressed according to the Company policy as :
<em>46 % = 146 % - 100%</em>
Cost of Sales = 100/146 x $2,484,001 = $1,701,371
Conclusion :
Budgeted cost of goods sold for February is $1,701,371
