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Arisa [49]
2 years ago
5

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

Business
1 answer:
malfutka [58]2 years ago
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

#SPJ1

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The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
guajiro [1.7K]

Answer:

True

Explanation:

The variables price and quantity are inverse correlated then a change in 1 has the exact  opposite effect in the other.

6 0
3 years ago
just paid an annual dividend of $3.00 per share last year. Management just announced that future dividends will increase by 2 pe
Misha Larkins [42]

Answer: $3.31

Explanation:

Dividends will increase by 2% so using a future value formula would show the amount of dividends in year 5.

= 3 * ( 1 + 2%)⁵

= 3 * 1.1040808032‬

= ‭3.3122424096‬

= $3.31

7 0
3 years ago
Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund?
ycow [4]

Answer:

The correct answer is a. Special revenue.

Explanation:

A special revenue fund is an account established by a government to raise money that must be used for a specific project. Special income funds provide an extra level of responsibility and transparency to taxpayers that their taxes will be used for a specific purpose.

Example: A city could establish a special income fund to pay the costs associated with stormwater management. The money from this fund could only be used for stormwater management expenses, such as street sweeping, sewer and ditch cleaning, system maintenance and a public awareness campaign. The city would have to publicly report where it raised the money from the special income fund and how it spent the budget of the special income fund.

3 0
3 years ago
Federal express has a(n) ________________ in logistics and customer service, since these are activities it does especially well
andrezito [222]
The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.
8 0
3 years ago
Marci rewarded her team with a bonus when she found that their performance exceeded the standards she had set. Which step of the
s2008m [1.1K]

Step 4 of the control process does giving the reward represent.

Stage4:

When your business is in this stage of the life cycle, you have two choices: sell or reinvest. If you decide to sell, you’ll want to work with the right people to make sure you’re following state and federal finance laws.

Reinvesting in your company can result in its renewal. Ideally, you want to start this process before your business is in a decline. For example, if you notice there’s a change in the industry, modify your strategy.

Learn more about Reinvesting on:

brainly.com/question/18560408

#SPJ4

6 0
2 years ago
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