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katrin [286]
2 years ago
5

Samara works for a tailor in a small shop, doing a variety of tasks. At the end of the week, the owner of the shop offers her a

choice: She can be paid with cash, or with her choice of two pieces of clothing. Samara chooses cash. This choice confirms Georg Simmel's theory that says that ________ is part of a historical evolution of the economy that has many advantages.
Business
1 answer:
Dominik [7]2 years ago
6 0

Answer:

This choice confirms Georg Simmel's theory that says that <u>DEPERSONALIZED EXCHANGE</u> is part of a historical evolution of the economy that has many advantages.

Explanation:

Simmel was a German sociologist that studied social theories about living in large cities and how it changes their social interaction. In Simmel's view, social relationships have been altered by money and what money represents in modern economies. According to him, individuals will choose money over personal relationships and other needs.

In this case, Samara prefers cash instead of other goods that could satisfy her needs, since she knows she can use money to exchange for other goods or services.

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Residual Income The operating income and the amount of invested assets in each division of Otte Industries are as follows: Opera
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Answer: See explanation

Explanation:

The residual income for each division will be calculated as follows:

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Operating income = $8,000,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $40,000,000 = $4,000,000

Residual income = $4,000,000

Commercial division:

Operating income = $12,750,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $75,000,000 = $7,500,000

Residual income = $5,250,000

Internet division:

Operating income = $270,000

Less: Minimum acceptable operating income as a percentage of invested assets = 10% × $1,800,000 = $180,000

Residual income = $90,000

From the information above, we can also see that the commercial division has the highest residual value.

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Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1.it reflects the fact tha
harkovskaia [24]

Answer:

3. the more resources a society uses to produce one good, the fewer resources it has available to produce another

Explanation:

The production possibilities frontier (PPF) is a curve that shows the trade-offs that a person, firm, or country has to incurr when producing two goods.

As economic agents have limited resources, they can only produce a limited amount of one good over the other.

If more resources are devoted to the production of one good, for example, butter, then, less resources are left for the production of the other good, for example, guns.

With each additional unit of butter produced, more resources are spent, which means that less resources are available to produce guns.

In other words, the opportunity cost of producing butter increases as more butter is made, causing the PPF to bow outward.

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