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Aleks04 [339]
2 years ago
12

Economists believe that people's wants are:

Business
1 answer:
Cloud [144]2 years ago
3 0

Economists believe that the wants of people are infinite.

<h3>What is want in economics?</h3>

These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.

People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.

Read more on want and scarcity here:

https://brainly.in/question/2337492

#SPJ12

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The global economy can have specialized production because of what?
goblinko [34]
The answer to this question is <span>the international division of labor
</span><span>the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise.
This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products</span>
6 0
3 years ago
An outside supplier offers to provide Epsilon with all the units it needs at $60 per unit. If Epsilon buys from the supplier, th
Oduvanchick [21]

Question Completion:

Epsilon Co. can produce a unit of product for the following:

Direct material $8

Direct labor 24

Overhead 40

Total costs per unit $72

Answer:

Epsilon Co.

Epsilon should choose to:

Make since the relevant cost to make it is $56.

Explanation:

a) Data and Calculations:

Direct material           $8

Direct labor                24

Overhead                  40

Total costs per unit $72

Relevant Costs:

                                 Make              Buy

Direct material            $8

Direct labor                 24

Overhead                   24

Total costs per unit $56                $60

b) It costs Epsilon less to make the units than to buy from the outside supplier.  The relevant cost excludes the 40% of the overhead that will still be incurred by Epsilon if it buys from the supplier.  Relevantly, it costs Epsilon $56 per unit to make when compared to the unit cost of $60 to buy.  In absolute terms, it will cost Epsilon $76 ($60 + $16) to buy as against $72 to make a unit of the part.

6 0
3 years ago
According to low estimates, we see advertisements every _____ minutes.
QveST [7]

Answer:

4

Explanation:

Its every 4 mins we see ads

8 0
3 years ago
All of the following are examples of healthful breakfast except
dexar [7]

Answer:

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Explanation:

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7 0
3 years ago
Read 2 more answers
A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $390,000; and factor
viktelen [127]

Answer:

25%

Explanation:

Given that,

Direct labor = $468,000  

Direct materials = $390,000

Factory overhead = $117,000

The overhead rate as a percent of direct labor cost is determined by dividing the factory overhead by the direct labor cost.

Overhead rate:

= (Factory overhead ÷ Direct labor cost) × 100

= ($117,000 ÷ $468,000) × 100

= 0.25 × 100

= 25%

8 0
3 years ago
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