Economic systems differ according to which two main characteristics?
a. who owns the factors of production, and the methods used to coordinate economic activity.
b. the technology used in production, and the quantity and quality of natural resources.
c. how goods are produced, and who gets them.
d. the political system in place, and the degree of scarcity facing the economy.

Why do police officers get paid less than professional baseball players?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.