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mariarad [96]
1 year ago
7

Due to scarce resources, every individual, whether rich or poor, faces a(n)cost when choosing to produce or consume more of one

good over another.
Business
1 answer:
prisoha [69]1 year ago
7 0

Due to scarce resources, every individual, whether rich or poor, faces an opportunity cost when choosing to produce or consume more of one good over another.

<h3>What is the problem with scarce resources?</h3>

The gap between scarce resources and hypothetically unbounded needs is referred to as scarcity and is a fundamental economic issue. In order to meet both basic necessities and as many additional wants as feasible, people must decide how to spend resources effectively.

The value of the best option foregone is the opportunity cost of a decision. The state of not being able to obtain all the commodities and services one desires is known as scarcity. It exists because there are more commodities and services that people demand than can be produced with all of the available resources.

Learn more about Opportunity costs here:

brainly.com/question/13036997

#SPJ4

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The most important factor in determining whether a research collaboration will be successful is:
Alex

<u>Answer</u>:

The most important factor in determining whether a research collaboration will be successful is: B) Whether there is ongoing communication among the team members about their goals and responsibilities.

<u>Explanation</u>:

The research that involves participants from multiple organizations working together to achieve common goals is known as Collaborative Research. This type of research technique is an efficient and more effective way to achieve better results in a short time.

Various factors determine the success of collaborative research, such as the availability of resources, technology, relevant knowledge of the team members, but, the most important factor which determines success is an effective communication between the multiple research teams. If there is no proper communication between the teams, then there will be a lack of coordination, which is harmful for any collaboration.

Therefore, statement B is most suitable.

4 0
3 years ago
HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback.
sweet-ann [11.9K]

Answer:

they are afraid of hearing any negative feedback

6 0
2 years ago
If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r
snow_lady [41]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667  - 1

= 1.0968249797  - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

6 0
3 years ago
Net credit sales for the month are $4,000,000 for Marx Clothiers. Its accounts receivable balance is $160,000. The allowance is
AnnyKZ [126]

Answer:

Credit balance of $12,000

Explanation:

To calculate the balance of the allowance for doubtful accounts we need to multiply the total accounts receivable times the percentage of estimated bad debts:

$160,000 x 7.5% = $12,000

Since allowance for doubtful accounts is a contra asset account, when it increases it should be credited.

4 0
3 years ago
What is the effect of a​ $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly elast
Sever21 [200]

Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.

Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

Finally, equilibrium quantity is when supply equals demand for a product.

Therefore, the answer to this question is:

Price  is unchanged  and quantity  is unchanged

Answer:

Price:

b. unchanged

Quantity:

b. unchanged

5 0
3 years ago
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