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2 years ago

6. Outline 4 circumstances under which some human wants canbe fully satisfied

1 answer:

3 0

Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.

<h3>What is a human wants?</h3>

This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.

For instance, the yearning for food, shelter, clothing are example of an economic human wants.

It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.

Therefore, the human wants can never be fully satisfied.

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3 years ago

Read 2 more answers

Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Russell has determ

arlik [135]

Answer:

1. 1,500 miles

2. Profit

3.4,000 miles

Explanation:

1. Calculation to Determine how many miles Russell needs to drive to break even k-Even Miles

First step is to calculate the Unit contribution margin

Using this formula

Let plug in the formula

Unit contribution margin = Sales price – Variable cost per unit

Unit contribution margin= $0.75 per mile – $0.35 per mile

Unit contribution margin= $0.40 per mile

Now let determine the Break-even units using this formula

Break-even units = Total fixed cost / Unit contribution margin

Let plug in the formula

Break-even units= $600 / $0.40

Break-even units= 1,500 miles

Therefore how many miles Russell needs to drive to break even k-Even Miles will be 1,500 miles

2. Calculation to determine whether he earned a profit or a loss last month Assume Russell drove 1,800 miles last month

Profit=1,800 miles – 1,500 miles

Profit=300 miles

Therefore Assume Russell drove 1,800 miles last month he will EARNED A PROFIT last month

3. Calculation to determine how many miles Russell must drive to earn $1,000 in profit.

Using this formula

Target units = (Fixed cost + Target Profit) / Unit contribution margin

Let plug in the formula

Target units = ($600 + $1,000) / $0.40

Target units = 4,000 miles

Therefore how many miles Russell must drive to earn $1,000 in profit will be 4,000 miles

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3 years ago

American Hardware, a national hardware chain, is considering purchasing a smaller chain, Eastern Hardware. American's analysts p

Travka [436]

Answer:

The maximum price per share that American should offer is $18.13 per share

Explanation:

The computation of the maximum price per share is shown below:

= Present value ÷ Number of outstanding shares

= $72.52 million ÷ 4 million shares

= $18.13 per share

For computing the maximum price, we used the present value and the discount rate is irrelevant in the computation part. Hence, it is ignored plus the current price is also ignored.

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3 years ago

6. Outline 4 circumstances under which some human wants canbe fully satisfied​

6. Outline 4 circumstances under which some human wants canbe fully satisfied