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2 years ago

How does scarcity determine the economic value of an item?.

1 answer:

7 0

Scarcity has an impact on how people value goods and services, as well as how governments and private companies divide resources. The infinite wants of the consumers define the economic value of an item.

<h3>What factors influence the economic value of an item?</h3>

The relationship between supply and demand for a specific product determines relative scarcity.

The scarcity principle is an economic theory that explains the dynamic supply-and-demand price relationship.

The scarcity principle states that if an item has a low supply and a high demand, the price will rise to meet the predicted demand.

Check out the link below to know more about scarcity;

brainly.com/question/27445025

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Bilateral and multilateral agreements around the world as well as the achievements of the World Trade Organization will help the

Orlov [11]

Answer:

overcome the challenge of deciding about further enlargement

Explanation:

The World Trade Organization main goal is to eliminate both tariff and non-tarrif barriers in world trade. It has 164 members states, and has been largely successful in this goal.

These achievements, as well as the achievements of other multilateral trade agreements help the European Union overcome debates about further enlargement and integration because not only do they lay the foundation for future economic integration, but also they represent empirical evidence that proves that economic integration is largely benefitial to signing countries.

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4 years ago

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang

Colt1911 [192]

Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

Sales= [(400*1.03)*750]*0.3= 92,700

Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

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4 years ago

In response to the demand for two-pair cabling, manufacturers often connect two fibers together like a lamp cord to create the p

Feliz [49]

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6 0

4 years ago

Consider a four-year project with the following information: initial fixed asset investment = $555,000; straight-line depreciati

3241004551 [841]

Answer:

for every 1% increase in the quantity sold, OCF increases by 1.24%

for every 1% decrease in the quantity sold, OCF decreases by 1.24%

Explanation:

Consider a four-year project with the following information: initial fixed asset investment = $555,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $37; variable costs = $25; fixed costs = $230,000; quantity sold = 79,000 units; tax rate = 24 percent. How sensitive is OCF to changes in quantity sold?

initial outlay = $555,000

depreciation expense per year = $555,000 / 4 = $138,750

contribution margin per unit = $37 - $25 = $12

quantity sold = 79,000 units

tax rate = 24%

fixed costs = $230,000

OCF = {[(79,000 x $12) - $230,000 - $138,750] x (1 - 24%)} + $138,750 = $578,980

if sales increase by 10%, OCF = {[(86,900 x $12) - $230,000 - $138,750] x (1 - 24%)} + $138,750 = $651,028 ⇒ 12.44% increase

if sales decrease by 10%, OCF = {[(71,100 x $12) - $230,000 - $138,750] x (1 - 24%)} + $138,750 = $506,932 ⇒ 12.44% decrease

4 0

3 years ago

50 points, please get this done ASAP

natka813 [3]

Answer:

your answer is C

Explanation:

3 0

3 years ago