Suppose the upstream firm is a professional sports team. Demand for the broadcasting rights of its games is Pup = 100 - 2Qup and MC = 20. The downstream firm is a TV station which buys the broadcasting rights from the team and broadcasts games to consumers. Demand for its games is Pdown 160-20Qdown. 1. What price will consumers pay? 2. If the two firms merge, what price will consumers pay? Please answer both questions in the box below.
Answers
Without the merger, consumers will not pay for the games. With the merger, consumers will pay $92.68 for the games. The merger increases market power and allows for a positive price in the downstream market.
To determine the price consumers will pay, we need to find the equilibrium quantity and substitute it into the demand function for the downstream firm.
Equilibrium quantity
Setting Qup (quantity demanded by the TV station) equal to Qdown (quantity demanded by consumers):
100 - 2Qup = 160 - 20Qdown
20Qdown - 2Qup = 60
Substituting the demand function for the upstream firm into the equation:
20Qdown - 2(100 - 2Qdown) = 60
20Qdown - 200 + 4Qdown = 60
24Qdown = 260
Qdown = 10.83
Substituting the equilibrium quantity into the demand function for the downstream firm
Pdown = 160 - 20(10.83)
Pdown = $-17.67
Since the price cannot be negative, consumers will not pay for the games in this scenario.
If the two firms merge, the merged entity will have more market power. To determine the price consumers will pay, we need to find the equilibrium quantity and substitute it into the demand function for the downstream firm.
Equilibrium quantity
Setting Qup equal to Qdown:
100 - 2Qup = 160 - 20Qdown
20Qdown - 2Qdown = 60
18Qdown = 60
Qdown = 3.33
Substituting the equilibrium quantity into the demand function for the downstream firm:
Pdown = 160 - 20(3.33)
Pdown = $92.68
Therefore, if the two firms merge, consumers will pay a price of $92.68 for the games.
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Related Questions
A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called
Answers
A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called an agency problem.
An agency problem arises when there is a conflict of interest between the goals and objectives of the principal (the organization and its owners) and the agent (the manager). The principal wants the agent to act in their best interest, but the agent may have their own personal interests and may not always act in the best interest of the principal. This can lead to a conflict of interest and can have a negative impact on the performance of the organization. To minimize the potential for an agency problem, it is important to have clear and effective communication, alignment of incentives, and proper oversight and accountability.
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Your Assignment, Part III
As the final part of this assignment, you will apply your understanding of tort law to scenarios in which a business is the defendant (or defendant tort-feasor). For each scenario, describe the specific type of tort case being brought against the defendant. Then, explain what the defendant will need to prove in order to get a ruling in their favor. Finally, describe the penalty that may be assigned to the defendant if the court rules against them.
1. Mr. Shanks goes to Hyperion Hospital to have a diseased kidney removed. After the surgery, he finds that his symptoms come back and grow even worse. When he returns to the hospital to find out what is happening, the hospital staff discovers that the surgeon removed Mr. Shanks’ healthy kidney instead of the diseased one.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
2. Two energy drink companies, Red Hornet and Blackout, have been competing with each other for years. In Blackout’s latest ad campaign, they have Red Hornet’s cartoon mascot making disparaging comments about its own product. Blackout’s ad also includes false claims that Red Hornet uses ingredients grown using slave labor. After the ad campaign runs, Red Hornet notices a drop in its energy drink sales.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
3. Larissa works at Opalescent, a high-end jewelry store. A customer comes in on a very busy day and complains about how long it takes for anyone to assist him. Larissa apologies, but the customer continues to complain. The customer, a very large man, soon begins insulting her personally and threatening her with violence. Larissa hits him with pepper spray, incapacitating him.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
Please Help:)
Answers
Answer:
ok
Explanation:
A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.
Help I need the answer fast
Answers
Answer:
This is due to compound interest on the credit card bills.
Explanation:
Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.
Write a scenario that will help you understand the following word or topic and show me that you understand their importance.
Criticism - is the practice of judging the merits and faults of something. Criticism as an
evaluative or corrective exercise can occur in any area of human life. In specific areas of
human endeavor, the form of criticism can be highly specialized and technical; it often requires professional knowledge to understand the criticism.
Answers
Criticism is the practice of judging the merits and faults of something. Criticism as an evaluative or corrective exercise can occur in any area of human life.
Write a scenario that will help you understand criticism?You are a film director and your latest film has just been released. You're excited to see what people think of your work, but when you read the reviews, you are met with a lot of criticism. Some reviewers claim the acting was lackluster, others say the plot was confusing, and a few even say that the special effects were underwhelming.
At first, you feel disheartened and defensive. But after some reflection, you realize that criticism can be a valuable tool for growth and improvement. You start to take the criticism seriously and use it to inform your future work. You work on improving your acting direction, make sure that your plots are clearer, and pay more attention to the special effects.
A year later, you release a new film and it is met with widespread praise. Critics call it a major improvement over your previous work and praise the acting, plot, and special effects. You realize that criticism is an important part of the creative process and can help you become a better filmmaker.
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If a country has a trade surplus of $40 billion, which of the following can be true? a. The country's exports are $110 billion, and its imports are $150 billion b. The country's exports are $120 billion, and its imports are $140 billion c. The country's exports are $160 billion, and its imports are $120 billion d. The country's exports are $140 billion, and its imports are $40 billion
Answers
Based on this information, it can be deduced that if a country has a trade surplus of $40 billion, the country's exports are greater than its imports. The correct option that shows this scenario is option d.
If a country has a trade surplus of $40 billion, the country's exports should be greater than its imports, which indicates that the country is earning more from selling goods and services than it is spending on imports. A trade surplus is calculated as exports minus imports, and a positive trade balance suggests that a country is generating a surplus that can be used to pay off its debt, invest in its economy, or lend to other nations.Based on this information, it can be deduced that if a country has a trade surplus of $40 billion, the country's exports are greater than its imports. The correct option that shows this scenario is option d.
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The manager of East India Ice Cream Shop keeps track of the number of customers served at different periods of the day in an attempt to plan a schedule for workers that matches the demand for the restaurant's products. By using this tracking system, the manager of East India is utilizing ________ control.
Answers
Answer: Output
Explanation: The output control system refers to one of the organizational control systems which is employed by business strategist and establishment in tracking the progress, growth, flaws and ways whereby an organization can improve, provide better services and ultimately make more revenue. The output control system is focused on that aspect of a business offering which can be quantified, such that executives could analyze the feedback and thus use it as a guide to provide and improve on future projects or services. In the scenario above, data was studied to identify peak periods in other to schedule worker's shift so that the organization would not fall short of workers at the time which they are mostly required.
which is not a tool that people use when participating in discussion
Answers
Answer:
Sharing a personal experience
Explanation:
Which of the following factors is most likely to result in delivery delays?
Forecast of bad weather or road closures
Answers
The forecast of bad weather or road closures is most likely to result in delivery delays. These factors affect transportation, causing delays in the delivery process. It is important for businesses to monitor weather and road conditions and adjust delivery schedules accordingly to minimize the impact.
Forecast of bad weather or road closures can significantly impact delivery schedules, leading to delivery delays. Bad weather can cause unsafe road conditions, which can slow down or even halt transportation. For example, heavy snowfall, thunderstorms, hurricanes, and other weather events can make roads impassable or dangerous for drivers, leading to delays in delivery.
Road closures or construction can also cause delays, as drivers may need to take alternate routes or deal with traffic congestion. These factors can be especially problematic for time-sensitive shipments, where even minor delays can have a significant impact on the recipient's schedule. In such cases, shipping companies and logistics providers may need to adjust their delivery schedules, reroute shipments, or employ other strategies to ensure timely delivery.
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April is studying finance in college. She wants to enter a career that will analyze the risk of a company. Which career pathway would be best suited for this?
A. Brokerage Clerk
B. Risk Management Specialist
C. Tax Preparer
D. insurance Sales Agent
Answers
Answer:
It would be B: Risk Management Expert
Explanation:
It makes more sense since she wants to enter a career that will analyze risk for a company
Answer: B
Explanation:
the risk-free rate of return is 3.5 percent, the inflation rate is 2.9 percent, and the market risk premium is 7.5 percent. what is the expected rate of return on a stock with a beta of 1.43? 14.2% 8.7% 11% 13.1% 4.6%
Answers
the risk-free rate of return is 3.5 percent, the inflation rate is 2.9 percent, and the market risk premium is 7.5 percent. The expected rate of return on a stock with a beta of 1.43 is 14.2%
How do you calculate the expected return on a stock?An investor can calculate the expected return by multiplying all possible outcomes by the probability of them occurring and adding those outcomes together to arrive at the total expected return. Expected rate of return is a simple measure of probability, used to determine the likelihood and rate of return that a particular investment will yield.
Risk free rate= 3.5%
Inflation rate= 2.9%
Market risk premium= 7.5%
Beta= 1.43%
Therefore the expected rate of return can be calculated as follows
= Risk free rate of return₊ (Beta × Market risk premium)
= 3.5 + (1.43 × 7.5)
= 3.5 ₊ 10.725
= 14.225%
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a higher human capital and labor productivity in a country can be achieved by select the correct answer below: a higher education for the average worker a higher minimum wage law a longer work week requirement a longer family leave allowance
Answers
The right response is greater education for the typical worker since it improves workforce productivity and economic growth by enhancing workers' skills, knowledge, and talents.
When labour productivity normally rises over time?An economy produces more goods and services for the same amount of relative work as its labour productivity increases. Because of the rise in output, more products and services may be purchased for ever-lower prices.
What are the top 3 techniques to boost productivity?Little pauses, moving around, changing settings, playing music, meditating, and eating lunch with your coworkers can all be beneficial. In order to successfully prioritise and assign your work, make daily goals and to-do lists.
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Question:
"A higher human capital and labor productivity in a country can be achieved by selecting the correct answer below:
A) A higher education for the average worker
B) A higher minimum wage law
C) A longer work week requirement
D) A longer family leave allowance"
Match the following market modification methods with the correct example.
1.Finding new customers
2.Increasing a product's use
3.Creating a new use situation
Answers
Finding new customers - This market modification method involves identifying and targeting new customer segments for an existing product.
Examples of finding new customers include:
Expanding distribution channels to reach new geographic areas or retail locations. Targeting new demographic groups that have not previously been reached by the product. Adapting the product's packaging or branding to appeal to a new target audience.
Increasing a product's use - This market modification method involves encouraging existing customers to use the product more frequently or in larger quantities. Examples of increasing a product's use include:
Offering bulk discounts or package deals to incentivize customers to purchase more of the product. Running promotional campaigns that encourage customers to use the product in new ways.
Introducing new product features or formulations that make the product more versatile or appealing to customers.
Creating a new use situation - This market modification method involves identifying entirely new use cases or applications for an existing product. Examples of creating a new use situation include:
Repositioning the product to target a new market segment that values different product attributes or benefits. Developing complementary products or services that enhance the value proposition of the existing product. Leveraging emerging trends or technologies to create new applications for the product.
In summary, these three market modification methods can be used to expand a product's reach, increase customer loyalty, and drive revenue growth for a business.
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These marketing modification methods include finding new customers where a company expands its marketing reach; increasing a product's use by introducing larger sizes or packs that promote increased usage, and; creating a new usage situation by discovering novel ways a product can be used.
Explanation:The subject at hand pertains to market modification methods which are strategies used to increase market growth. Here's how the methods match up with the suitable examples:
Finding new customers: A company can find new customers by expanding its marketing efforts to new geographical areas. For instance, an American company that only marketed domestically can explore Beijing market and gain customers.Increasing a product's use: The company can encourage existing customers to use more of their product. A common example includes introducing a larger sized product or a new packaging that promotes increased use.Creating a new use situation: This involves identifying new ways customers can make use of a product. Baking soda, originally sold for cooking has been marketed for various uses like cleaning and deodorizing.Learn more about Market Modification Methods here:https://brainly.com/question/31809131
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Miguel is trying to decide what luggage to buy. He has a choice of brown or black, wheels or no wheels, and small, medium, or large.
What is the probability of Miguel buying a large black piece of luggage with wheels?
Answers
The probability of Miguel buying a large black piece of luggage with wheels is 1/12.
When you perform the calculations, you would find out that you would have to multiply the variables and possible chances of occurrence and the answer is 1/12.
What is Probability?This refers to the chance of an event occurring and this is based on several factors.
Hence, we can see that The probability of Miguel buying a large black piece of luggage with wheels is 1/12.
When you perform the calculations, you would find out that you would have to multiply the variables and possible chances of occurrence and the answer is 1/12.
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A term for the top most point of the wave is the
Answers
The topmost point of the wave from the normal position is called the crest. The bottom most point is called the trough.
A pharmaceutical company tested a new prescription weight loss pill by randomly splitting 9000 adult volunteers into two groups. One group was given the pull, whereas the other group was given a placebo. After three months, the adults who took the pill reported an average weight loss of 19 pounds, while those who took the placebo experienced no significant change in weight, on average. the company concluded their new weight loss pull is effective.
a)Was a study a randomized comparative experiment?
b) What was the treatment? The weight loss pill? The placebo? Was there no
treatment, because it was not a
randomized comparative experiment?
c) What was the treatment and control groups?
d) Is the Company's conclusion valid?
Answers
a) Yes, the study was a randomized comparative experiment. b) The treatment was the weight loss pill, and the placebo served as a control. c) The treatment group consisted of the volunteers who took the weight loss pill, while the control group comprised those who took the placebo.
d) Based on the given information, the company's conclusion appears to be valid.
a) The study can be considered a randomized comparative experiment because the participants were randomly split into two groups: one receiving the weight loss pill and the other receiving the placebo. This random assignment helps minimize bias and allows for a more valid comparison between the two groups.
b) The treatment in this study was the weight loss pill, which was administered to one of the groups. The placebo, which is an inert substance with no therapeutic effect, served as a control. It is common in such studies to compare the effects of a treatment against a placebo to determine its effectiveness.
c) The treatment group consisted of the 9000 volunteers who took the weight loss pill, while the control group consisted of the volunteers who took the placebo. By comparing the outcomes between these two groups, the effectiveness of the weight loss pill can be assessed.
d) Based on the information provided, the company's conclusion that their weight loss pill is effective appears to be valid. The average weight loss of 19 pounds reported by the treatment group suggests a positive impact of the weight loss pill, as opposed to the control group where there was no significant change in weight on average. However, it's important to note that additional factors, such as potential side effects or long-term effects, should also be considered before drawing definitive conclusions.
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Which of the following is true regarding HIPAA security provisions?
* corporate entities must appoint two chief security officers who can share security responsibilities for 24 hr coverage
* covered entities must conduct security trainings every 6 mos
* covered entities must retain policies for 6yrs after they are no longer used
* covered entities must conduct technical and nontechnical evaluations every 6yrs
Answers
The following statement is true regarding HIPAA security provisions "covered entities must conduct technical and nontechnical evaluations every 6 years". The correct option is D.
The Health Insurance Portability and Accountability Act includes security provisions that require covered entities such as healthcare providers and health plans to regularly assess and evaluate the effectiveness of their security measures.
This includes conducting technical and nontechnical evaluations to identify vulnerabilities, assess risks and ensure compliance with HIPAA security standards.
Therefore, the correct option is D.
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If left uncontrolled the high blood pressure can cause 1. Kidney disease 2. Heart failure 3. Stroke 4. All of above
Answers
If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.
What is high blood pressure?High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.
Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.
If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.
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The median always falls between the mean and the mode.
a. True
b. False
Answers
Answer:
The mode is always less than the median, which is less than the mean, if the data distribution is skewed to the right .
Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable resources, capabilities, or competencies. This is primarily because the source for the company's success has been unclear. The competitors are uncertain if Gene Electronics Inc.'s success is due to its strong leadership, the skills of its research and development team, or the timing of the company' s product introductions. Gene Electronics Inc. has been protected from losing its competitive advantage as a result of
Answers
Answer:
Causal Ambiguity
Explanation:
In this specific scenario, it can be said that they have been protected from losing its competitive advantage as a result of Causal Ambiguity. This term refers to a situation where it is hard or even impossible to relate the consequences or effects of a phenomenon to its initial states or causes. This is the case because Gene Electonics Inc's success (phenomenon) cannot be traced back to an initial cause, which makes it impossible to replicate. Therefore, no other company can compete.
The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answers
Answer:
true took the test brainliest please
Explain how a change in banking policy may impact a life decision that you will one day, or maybe have in the past, come across. This can include, among other decisions, a major purchase, a decision regarding schooling, or a decision to start a business.
Answers
Banks act as intermediaries between those with excess funds and those in need of funds. Banks offer low-interest loans to a huge number of customers. They also help the sector by offering low-interest loans to industrialists.
Banks are the economic backbone of the country. Banks act as a go-between for people who have extra cash and others who don't. They pay interest to depositors and charge interest to individuals who take out bank loans. The bank's major source of income is the difference between interest rates. Banks collect private savings and lend them to entrepreneurs and manufacturers. Bank loans facilitate trade.
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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cashreceipts are expected to be $641,000 and cash payments for purchases are expected to be $608,500.Other cash expenses expected are $27,000 selling and $33,500 general and administrative. The companydesires a minimum cash balance at the end of each month of $30,000. If necessary, the companyborrows enough cash to meet the minimum using a short-term note. The amount Webster must borrowduring April is:A) $0.B) $21,600.C) $8,400.D) $98,900.E) $58,000.
Answers
Answer:
Webster Corporation
Amount to borrow in April
B) $21,600.
Explanation:
a) Webster Corporation
Cash Budget for the month of April
Beginning Cash balance $36,400
Cash receipts 641,000
Total receipts $677,400
Cash expenses:
Purchases $608,500
Others 27,000
Selling & Admin. 33,500 669,000
Balance 8,400
Borrowing 21,600
Minimum cash balance $30,000
b) Webster's cash budget for April shows that it needs to borrow $21,600 in order to meet the minimum cash balance of $30,000. This is because the company does not generate enough cash in April to pay for expenses and meet minimum requirements for cash balance every month. The preparation of Webster Corporation's Cash Budget is a way of planning for the occurrence of the cash shortage that necessitated the borrowing.
Investment A has a quarterly interest rate of 5%. Investment B has a monthly interest rate of 2%. Which investment has the lower EAR?
A
B
A=B
Answers
Investment B has the lower Effective Annual Rate (EAR) compared to Investment A.
The EAR represents the total annual interest rate, taking into account the compounding effect over a given time period. To compare the EAR of Investment A and Investment B, we need to convert their respective quarterly and monthly interest rates into an annual rate.
Investment A has a quarterly interest rate of 5%, which means it will compound four times a year. To convert this to an annual rate, we use the formula: EAR = (1 + r/n)^n - 1, where r is the quarterly interest rate and n is the number of compounding periods per year. Plugging in the values for Investment A, the calculation becomes: EAR = (1 + 0.05/4)^4 - 1 = 5.06%.
Investment B has a monthly interest rate of 2%, which means it will compound twelve times a year. Using the same formula, the calculation for Investment B becomes: EAR = (1 + 0.02/12)^12 - 1 = 2.02%.
Therefore, Investment B has the lower EAR of 2.02% compared to Investment A's EAR of 5.06%. This indicates that Investment B offers a lower effective interest rate on an annual basis, taking into account the compounding effect.
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Which of the following is true of a global product structure?
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world.
b. It provides a way to achieve vertical and horizontal coordination simultaneously along two dimensions.
c. It works best when pressure for decision making balances the interests of both product standardization and geographic localization.
d. It enables a global firm to achieve aspects of both global uniformity and local diversification and responsiveness.
Answers
Answer:
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world
Explanation:
A global product structure is one that involves a single production and marketing strategy globally in all locations where a business operates.
There is limited product scope and practices such as advertisements are the same in all locations.
As such the management of this type of product structure is straightforward because the same strategy is used consistently.
There is no need to tailor products and services to the local environment a business exists.
rent received Rs. 10,000/-
Answers
Answer:
Okay, but where is the question or it's free points?
what is meaning of GST
Answers
Explanation:
goods and service tax I think that is the answer
Q6.
6. In order to increase sales and to motivate customers to buy on credit terms, a company is planning to relax its credit policy of net 30. Fixed cost is Rs. 50,000 currently and is expected to remain
Answers
The relaxation of the credit policy, such as extending the payment terms beyond the current net 30, can have several potential effects on the company's sales and customer motivation.
1. Increased Sales: By offering more lenient credit terms, customers may be encouraged to make larger purchases or buy more frequently, leading to an increase in sales volume.
2. Customer Motivation: Relaxing credit terms can incentivize customers to buy on credit rather than paying upfront, as it provides them with greater financial flexibility and reduces the immediate cash outflow.
3. Competitive Advantage: Offering more favorable credit terms than competitors can give the company a competitive edge, attracting customers who prefer flexible payment options.
However, it's important to consider the potential drawbacks:
1. Higher Credit Risk: Relaxing credit terms may increase the risk of bad debts or delayed payments, impacting the company's cash flow and profitability.
2. Increased Administrative Costs: Managing credit accounts and collections require additional administrative efforts and costs, including monitoring payments and following up with customers.
The company should carefully analyze the potential benefits and drawbacks of relaxing the credit policy and consider implementing proper credit management measures to mitigate risks and ensure sustainable sales growth.
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What is your current role as a team member either at work, school, family, or sports? How will that role change in the future?
PLEASE ANSWER
Answers
Kelsey and Emma babysit after school to earn extra money. Kelsey made $52 by charging $10 per hour and $4 per child. Emma made $67.50 by charging $15 per hour and $2.50 per child. Part a) Write a systems of equations to represent the situation
Part b) how many hours and how many children did each babysit?
Answers
We find that Kelsey babysat for 4 hours and took care of 6 children. Likewise, for Emma, substituting the values, we find that she babysat for 3 hours and took care of 10 children.
Part a) System of equations:
Let's represent the number of hours Kelsey babysat as 'h' and the number of children she babysat as 'c'.
Let's represent the number of hours Emma babysat as 'x' and the number of children she babysat as 'y'.
For Kelsey:
10h + 4c = 52
For Emma:
15x + 2.5y = 67.50
Part b) Kelsey babysat for 4 hours and took care of 6 children. Emma babysat for 3 hours and took care of 10 children.
In the system of equations, we consider two variables for each babysitter: the number of hours spent babysitting and the number of children taken care of. The first equation represents Kelsey's earnings, where $10 per hour and $4 per child are multiplied by the corresponding variables, and the total is equal to $52. Similarly, the second equation represents Emma's earnings, where $15 per hour and $2.50 per child are multiplied by the variables, and the total is equal to $67.50.
To find the values of 'h' and 'c', we solve the system of equations. Substituting the values, we find that Kelsey babysat for 4 hours and took care of 6 children. Likewise, for Emma, substituting the values, we find that she babysat for 3 hours and took care of 10 children.
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Why is it so necessary to have a freely elected government for democratic capitalism to create a prosperous and fair economy
Answers
Explanation:
Free elections are a mechanism for limiting corruption. A government sets rules that govern the marketplace. To ensure that these rules don't create unfair advantages or limit the abilities of producers and consumers, democratic societies elect the people who will represent them. When representatives are not elected, there is less accountability to the people and therefore a greater risk that representatives won't set rules in the interests of the people, including rules around commerce.