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chubhunter [2.5K]
4 years ago
10

The problem of economic scarcity applies

Business
1 answer:
labwork [276]4 years ago
4 0

Answer:

B. to economic systems in all nations, regardless if their level of development 

Explanation:

The economic concept of scarcity implies that resources needed are scarce or limited in supply to meet the unlimited wants of economic agents. Therefore , economic agents have to choose from unlimited wants the one that would maximise their utility.

I hope my answer helps you

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Does it matter how often banks charge interest?
vekshin1

Answer:Basically no

Interest is charged on a monthly basis in the form of a finance charge on your bill. If you have a revolving balance, you will lose that 21-day interest-free grace period on purchases.

8 0
3 years ago
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
puteri [66]

Answer:The product margin for product M5 is $7,385

Explanation:

To calculate the product margin for product M5,

Processing 3,870 ÷ 9,000

= 0.43 per MH

Supervising 25,000 ÷ 1,000

= $25 per batch

To calculate the overhead cost for product M5

Processing 0.43 per MH × 500

= $215

Supervising $25 per batch × 500 batches

= $12,500

Total = $12,500 + $215

= $12,715

To calculate the product margin for product M5 under activity based costing

$

Sales. 95,400

Less:

Direct materials 32,500

Direct Labour 42,800

----------------

Prime Cost. 75,300

Add: Overhead 12,715

----------------

Total Cost of production. 88,015

-----------------

Product Margin. 7,385

------------------

4 0
4 years ago
The following data are for a series of increasingly extensive flood control projects:
igomit [66]

Answer:

b. $28,000 and $12,000 respectively

Explanation:

The marginal cost and marginal revenue refers to the additional cost or revenue that is generated for adding an additional unit or increasing the ouput by one unit,

In thi case, moving to Large reservoir from Medium reservoir

Marginal cost: 72,000 - 44,000 = 28,000

<em>It cost 28,000 to move to a large reservoir</em>

Marginal revenue :64,000 - 52,000 = 12,000

<em>It generates additional benefit for 12,000</em>

8 0
4 years ago
Babymart, inc. manufactures baby cribs and currently has fixed costs of $50,000 and a sales price per unit of $315. babymart is
e-lub [12.9K]
Let the additional number of units, babymart need to sell be x, then

Revenue = $315(400 + x)

New fixed cost = $50,000 - $5,000 = $45,000

Thus, Total cost = $115(400 + x) + $45,000

Net income = Revenue - Total cost = 315(400 + x) - 115(400 + x) - 45,000 = 40,000

⇒ 200(400 + x) = 40,000 + 45,000
⇒ 80,000 + 200x = 85,000
⇒ 200x = 85,000 - 80,000 = 5,000
⇒ x = 5,000 / 200 = 25

Therefore, the additional number of units babymart needs to sell to maintain the same level of income is 25 units.
3 0
3 years ago
Read 2 more answers
Bramble Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an inc
kiruha [24]

Answer and Explanation:

The Statement showing the amount and the timing of all the cash Flow of Burger is shown below:-

Year      Particulars                                             Amount

0            Cost of new machine                                       ($176,300)

0            Additional installation cost of new machine   ($3,275)

0            Sales of old machine                                          $13,150

1-3          Savings in overhaul cost of old machine           $11,550

1-10        Saving in variable cost                                        $25,800

           (258,000 × ($11.90 - $11.80)

10          Salvage value of new machine                            $3,730

8 0
3 years ago
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