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
oee [108]
2 years ago
15

Explain how farmers' economic choices were affected by the scaricity of the resources.

Business
1 answer:
oksano4ka [1.4K]2 years ago
3 0

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

<h3>How has scarcity forced you to make economic choices?</h3>

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.

<h3>What is scarcity of resources?</h3>

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.

To learn more about Scarcity , refer

brainly.com/question/1888324

#SPJ4

You might be interested in
1. You will receive a Financial Aid Award Letter... *
Marrrta [24]
After you have completed the FAFSA and applied to colleges
5 0
3 years ago
You only hate what you can't be <br> a. true <br> b. false
Marizza181 [45]
I’m going to go with false.
5 0
3 years ago
Read 2 more answers
The type of law that is derived from tradition and earlier judicial decisions is
dolphi86 [110]

Answer: The answer is a Common Law

4 0
3 years ago
Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T
ddd [48]

Answer:

cost of equity =  9.68%

so correct option is d. 9.68%

Explanation:

given data

currently priced = $17.15

paid annual dividend = $1.22

dividends increasing = 2.4% annually

to find out

firm's cost of equity

solution

we get here cost of equity by apply price equation that is express as

Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate)   .....................1

put here value we get

$17.15 = \frac{1.22*(1+0.024)}{cost\ of\ equity - 0.024}

solve it we get

cost of equity =  9.68%

so correct option is d. 9.68%

5 0
3 years ago
During August, Salinger Company accumulated 580 hours of direct labor costs on Job 40 and 630 hours on Job 42. The total direct
Inga [223]

Answer:

Dr Work in process $13,210

Cr Wages payable $13,210

Explanation:

Based on the information given the appropriate journal entry to record the flow of labor costs into production during August is:

Dr Work in process $13,210

Cr Wages payable $13,210

(580*$13)+(630*$9)

($7540+$5670)

(To record the flow of labor costs into production during August)

6 0
3 years ago
Other questions:
  • You decide that you need more information on how employees feel about diversity, so you create a paper and pencil survey on empl
    9·1 answer
  • Nicole thinks that her business, nicole's getaway spa (ngs), is doing really well and she is planning a large expansion. with su
    6·1 answer
  • Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income
    11·1 answer
  • Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is​ $3.75, variable costs
    11·1 answer
  • Many businesses today appear to have some type of corporate social responsibility edict. When might the need for social responsi
    10·1 answer
  • What barriers to entry exist in other industries that allow certain firms to operate as a monopoly? Are these barriers contestab
    14·1 answer
  • Bed Bath and Beyond has a return policy which states that the customer "may return a purchase for a refund, merchandise credit,
    7·1 answer
  • If psychologists find that rich people are less satisfied with their jobs compared to poor people, this would mean that wealth a
    6·1 answer
  • Cory's coffee cafe priced its caffeine delights at ​$1.00​, they sold 150 per day. when the price was ​$2.00​, they sold 100 per
    13·1 answer
  • you are a manager for a monopolistically competitive firm. from experience, the profit-maximizing level of output of your firm i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!