All categories

2 years ago

Scarcity exists when there are _______ resources available to satisfy all the competing uses.

Business

1 answer:

tamaranim1 [39]2 years ago

6 0

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity. For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

brainly.com/question/13186252

#SPJ1

You might be interested in

Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,200 cash to start the bu

Verizon [17]

Answer:

The net income is $94,450

Explanation:

For computing the net income first determine the total assets and total liabilities which is shown below:

For total assets

= cash + account receivable + store & office equipment

= $69,350 + $39,000 + $73,000

= $181,350

For total liabilities

= Account payable + note payable

= $13,300 + $3,400

]= $16,700

Now with the help of an accounting equation, the total stockholder equity is

Total assets = Total liabilities + common stock + net income

$181,350 = $16,700 + $70,200 + net income

So, the net income is $94,450

8 0

3 years ago

How does the circular flow model help people see the error in believing there is a fixed lump of labor?

olganol [36]

B. Adding new people into the model means that there are more films and production increases. So, there are more goods and services, but not more households.

4 0

3 years ago

49) The stereotypical automobile dealership uses tactics like high pressure and bargaining to get customers to buy. This is an e

sveta [45]

Answer:

B) sales

Explanation:

This is an example of the sales orientation. This business strategy focuses on persuasion in order to convince customers to buy products or pay for services rather than molding the products to fit the customers' needs and desires. Business operating with a sales orientation tend to heavily rely on advertisement.

4 0

3 years ago

Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under

Rufina [12.5K]

Answer and Explanation:

The computation is shown below

As we know that

1. EPS = ( Net income - dividends ) ÷ Average number of share

For Plan 1

Number of share = 715,000

EPS = 1600000 ÷ 715000

= 2.23

For Plan 2

Net income = EBIT = $1.6 million = $1,600,000

Interest = 0.07*6,750,000 = 472,500

EBT = 1,127,500

Tax = 0

Net Income = 1,127,500

Numberof share = 465,000

So,

EPS = $1,127,500 ÷ 465000

= 2.42

For Plan 1

EPS = 3100000 ÷ 715000

= 4.33

For Plan 2

When EBIT = 3,100,000

Interest = 0.07 × 6,750,000 = $472,500

Net Income = 2,627,500

So,

EPS = $2,627,500 ÷ 465000

= 5.65

Plan 1 EBIT = Plan 2 EBIT

EBIT ÷ 715000 = (EBIT - 0.07 × $6,750,000) ÷ 465000

EBIT = 1,351,350 or $1.35 million

6 0

3 years ago

What is the opportunity cost of computer chip production (in terms of bags of potato chips/computer chip)

Natali5045456 [20]

The opportunity cost of computer chip production is 2.

<h3 /><h3>Definition of opportunity cost.</h3>

Opportunity cost of the next best option that is forgone when one option is chosen over other options. Opportunity cost is also known as implicit cost.

<h3>Calculation of opportunity cost</h3>

In order to determine the opportunity cost divide the number of potato chips by the number of computer chips that can be made.

Opportunity cost = number of potato chips / number of computer chips

50 / 25 = 2

Please find attached the complete question. To learn more about opportunity cost, please check: brainly.com/question/623811

7 0

3 years ago