All categories

2 years ago

3. Analyze. Explain how scarcity is related

1 answer:

8 0

Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.

Because of the above, one has to carefully make their choice while allocating the resources accordingly.

<h3>What is opportunity Cost?</h3>

When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.

<h3>What is a rationing device?</h3>

A rationing device is a system that determines who receives what of limited commodities and resources.

Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.

Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.

Learn more about Scarcity:
brainly.com/question/4747543
#SPJ1

You might be interested in

True or false? the goal of the scenarios phase of object-oriented problem solving is to assign responsibilities to each class.

Lena [83]

Answer:true

Explanation:

4 0

2 years ago

he following information relates to a company’s aggregate production planning activities: Quarter Demand Forecast 1 37,500 2 45,

Evgen [1.6K]

Answer:

20,000 units

Explanation:

Number of units in inventory at the end of quarter 3

= 3(42,500)

=127,500

Hence:

127,500- 37,500-45,000-25,000

= 20,000 units

Therefore if production strategy is used the number of units in inventory at the end of quarter 3 is 20,000 units

5 0

3 years ago

You've decided on an idea for an essay you've been assigned to write. what should you do next?a. plunge right in and start writi

Bas_tet [7]

Hey there!

The best answer would be D because you need to make a plan and do research. Doing research is good because they will make your essay more credible. Making a plan is always what you need to do when making an essay.

I hope this helps!

7 0

3 years ago

Calculate a firm's WACC given that the total value of the firm is $2 million, $600,000 of which is debt, the pre-tax cost of deb

butalik [34]

Answer:

the weightage average cost of capital of the firm is 13.50%

Explanation:

The computation of the weighted average cost of capital is shown below;

WACC = Cost of debt × weightage of debt + cost of equity × weightage of equity

= 10% × ($600,000 ÷ $2,000,000) + 15% × ($1,400,000 ÷ $2,000,00)

= 3% + 10.5%

= 13.5%

hence, the weightage average cost of capital of the firm is 13.50%

6 0

3 years ago

Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T

Karo-lina-s [1.5K]

Answer:

Torres Company received $4,800 on May 12.

Explanation:

<u>When The Sale was made, the following entries apply :</u>

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

Freight Expenses $110 (debit)

Cash $110 (credit)

<u>When Campbell Company returned Merchandise :</u>

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

<u>When Campbell Company pays for the goods</u>

The payment is made 2 days out of the discount period, therefore not eligible for discount.

<em>Settle amount in full less Return Allowance of $200</em>

Trade Receivable $4,800 (debit)

Cash $4,800 (credit)

Conclusion :

Torres Company received $4,800 on May 12.

6 0

4 years ago