1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
deff fn [24]
1 year ago
9

Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic co

ncept of: a. equilibrium. b. opportunity costs. c. scarcity. d. specialization.
Business
1 answer:
Neporo4naja [7]1 year ago
7 0

The best illustration of the economic concept is scarcity. Thus the correct option is (C).

<h3>What is Scarcity?</h3>

Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.

According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.

Thus the correct option is (C).

Learn more about economic concept  here:

brainly.com/question/927463

#SPJ1

You might be interested in
Consider the following comments about absorption- and variable-costing income statements:
GrogVix [38]

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

7 0
2 years ago
Do savings and loan associations offer checking accounts?
svlad2 [7]
No they do not offer
3 0
3 years ago
4.The inflation rate in the U.S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105
Nana76 [90]

Answer:

103.4709          

Explanation:

The computation is shown below:

Given that

U.S inflation rate = 3%

Japan inflation rate = 1.5%

Current exchange rate = 105

Now the new exchange rate for the yen is

= Current exchange rate × (1 + Japan inflation rate) ÷ (1 + U.S inflation rate)

= 105 × (1 + 1.5%) ÷ (1 + 3%)

= 105 × (1.015 ÷ 1.03)

= 105 × 0.985436893

= 103.4709          

5 0
3 years ago
The economic effect of an expense is incurred when the benefit expires or is used up not when cash is paid true or false
12345 [234]

Answer:

false

Explanation:

4 0
3 years ago
A ________________ is linked to the organization’s hierarchy, with some shift of power to team; the leader has limited manageria
Dafna1 [17]

A team is linked to the organization's hierarchy,

with some shift of power to team; the leader has limited managerial power;

decision-making is consultative, democratic, or by consensus

8 0
3 years ago
Other questions:
  • The information provided by financial reporting pertains to A. individual business enterprises, industries, and an economy as a
    12·1 answer
  • Why did laborers sign contracts with an x?
    12·1 answer
  • The ____ phase of the SDLC includes four main activities: requirements modeling, data and process modeling, object modeling, and
    10·1 answer
  • In its first year of operations, Woodmount Corporation reported pretax accounting income of $500 million for the current year. D
    15·1 answer
  • Consider a simple example economy where there are two goods, coconuts and restaurant meals (coconut-based). There are two firms.
    10·1 answer
  • REMAX, a real estate company in Houston, performed an analysis of 500 Houston homes they sold last year. Each home was categoriz
    12·1 answer
  • A manager spent 5 hours of his day in meetings. If he said that he spent 70% of his day, how many total hours did he work?
    15·1 answer
  • If interest rates fall in the USA relative to the rest of the world the demand for US dollar will ________ because there is less
    12·1 answer
  • Experience indicates that strategic alliances Multiple Choice have a high "divorce rate." are generally successful. work well in
    5·1 answer
  • Nellie recently sold her old laptop directly to a student from different country using an e-commerce website. the website she us
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!