Voluntary exchanges happen when both parties expect to

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Answer 1

Answer: Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.

If your in K12, the answer is gain.

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A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the following concepts cannot be illustrated by this model?

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Answer:

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:

the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
It only tells us about the production of goods not the flow of cash.

Answer: The answer is inflation

Explanation:

Production possibility curve is the locus of points showing the various combination of two commodities that can be produced using the available resources and the available technology. The production possibility curve is a analytical tool which explained the problem of making a choice and opportunity cost., it is used to explain that the cost of producing a particular commodity is the amount of another commodity that must be sacrificed. The production possibility curve can be used to explain the following economic concept

Opportunity cost : This is cost of sacrificing one commodity for the other.This is the alternative forgone in order to produce that commodity.

Full employment : The point on the curve is used to indicate when the country is having full employment or when the country is having an efficient use of resources

Unemployment : The point inside the curve is used to indicate when the country is having unemployment or when such a country is having inefficient use of resources.

Economic growth : The outward shift of the curve indicate that the country is having economic growth, it is used to show when there is an increase in output per head in an economy.

Investment : The production possibility curve is also used to explain when there is increase in investment in the country, in the sense that, investment occurs when more capital goods and fewer consumer goods are produced.

However, The production possibility curve cannot be used to explain the concept of inflation in an economy of a country. In the sense that, in the period of inflation the taste and desires of consumers are not correctly influenced by the prices of goods and services, during inflation less of goods and services are purchased by consumers because inflation reduced their purchasing power.

Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arrange for the financing needed for their home. Jane and Smith have made use of _____ in the purchase of their home

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Answer:

prequalification

Explanation:

Prequalification is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of how much a person can borrow and for what type of loan terms they could qualify.

On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone company. the equipment had a retail value of $23,000 on that day. on august 10, carrone company offered to sell the equipment for $14,700, and harvey company agreed to buy it at that price. at what value will harvey company record the equipment on the books?

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Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

A command economy is an economic system in which the central government makes all decisions on the production and consumption of goods and services. (Points: 10) a. True
b. False

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true

gib 10 points please

Denzi, a logistics company, recently launched an online application. To help set up the application's unique selling point, researchers at Denzi assessed the marketing strategy of another popular online application. This is an example of _____.

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Answer:

C. Benchmarking

Explanation:

Benchmarking is a systematic process that involves measuring the performance of a company's product or service against another company's product or service assumed to be the best in the industry. It involves comparing the way a business run its operations with the best business operations in the industry. In this case, Denzi carried out a benchmarking process by comparing its online application with a popular one, most likely the best in the industry given it's popularity.

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?

Answers

The factor is called a profit.

Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.

PROFIT = TOTAL SALES - TOTAL COSTS

Choose the best answer. When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____. credit discount inventory adjustment markup quantity discount

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a markup.

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Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capital balance for the current year is $285,000, and Atkins's beginning partnership capital balance for the current year is $370,000. The partnership had net income of $250,000 for the year. Barber withdrew $90,000 during the year and Atkins withdrew $100,000. What is Barber's return on equity?

According to David Taylor of the Bank Administration Institute, about _____ percent of households with annual incomes over $50,000 have PCs equipped with modems.