2 years ago

What is the coordinating mechanism in a market system?

1 answer:

7 0

Answer:

The price mechanism is the central coordinating mechanism in a market economy. Prices tell people what to use their resources.

Explanation:

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Most stock exchanges today use electronic trading. t or f

Reil [10]

Answer:

Explanation

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3 years ago

"Ramon runs the marketing department at his company. His department gets a budget every year, and every year, he must spend the

miss Akunina [59]

Answer:

Property of additive inverse

Explanation:

Given: Ramon got $2.5 million for the annual marketing budget such that he must spend the budget such that $2,500,000-x=0$

To find: property of addition that help us to know what the value of x must be

Solution:

1 million is equal to $1,000,000$

So,

$2.5\,\,million=2.5(1,000,000)=2,500,000$

According to property of additive inverse,

$a+(-a)=0$

Given equation is $2,500,000-x=0$

This equation can be written as $2,500,000+(-x)=0$

So,

$x=2,500,000$

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3 years ago

Why do you have to include the opportunity cost of your time when you calculate your profits in your own business

SVETLANKA909090 [29]

Because opportunity cost is the value of something else you might have done with that time or money that you expended there.
hope this helps!

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3 years ago

Pizza Pier retires its 8% bonds for $70,100 before their scheduled maturity. At the time, the bonds have a face value of $72,100

mariarad [96]

Answer: Please refer to Explanation

Explanation:

DR Bonds Payable ............... $ 72,100

DR Premium on Bonds Payable (74,950 - 72,100) ...... $2,850

CR Cash ...................................... $70,100

CR Gain on Discharge of Bonds ($74,950 - $70,100) $4,850

(To record retirement of premium bond before time)

If you need any clarification do comment.

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3 years ago

If a firm has a monopoly in the market in its country, what happens to that monopoly when that country becomes part of a trade b

const2013 [10]

Uh nope cant anwserthis one lol

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3 years ago