In order to respond properly to questions in a non-aggressive and professional manner, you should first listen to the question and clarify the question. Make sure that you understand the question before answering. You communicate your answer and ask follow up questions to ensure you have been understood. In case of doubt, ask for more time to study about the matter and get the answer back to the person later.
China
Vietnam
Cuba
Answer:
Haiti
Explanation:
A command economy is one where the government controls economic productions. The government owns the factors of production. It is the government that determines what, when, and how much to produce. The government regulates prices, and there is no competition.
Some of the countries that have command economies include Belarus, North Korea, Cuba, Iran, Libya, China, and, Russia
Haiti has a free market economy. It is a developing economy that has many elements of a traditional economy.
Answer:
a. $10,000; -$20,000
Explanation:
Accounting profit is total revenue less total cost.
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Total cost = $30,000 + $80,000 + $20,000 = $130,000
Accounting profit = $140,000 - $130,000 = $10,000
If Bessie didn't start her farm, she would be working as a teacher. thus, her opportunity cost is what she would have been earning as a teacher which is $30,000.
Her economic profit = $10,000 - $30,000 = $-20,000
I hope my answer helps you
low grade gasoline
wrapping paper
apple candy
I am 100% sure that it is low grade gasoline... I used Google to help find the answer.
Fixed
Profit
Variable
Revenue