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mariarad [96]
2 years 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]2 years 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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A book that weighs 0.35 kilograms is kept on a shelf that’s 2.0 meters above the ground. A picture frame that weighs 0.5 kilogra
Arisa [49]
E p = m · g  · h
E p ( book ) = 0.35 kg · 9.8 m/s² · 2 m = 6.86 J
E p ( picture frame ) = 6.86 J 
( same gravitational  potential energy as the book )
6.86 = 0.5 · 9.8 · h
6.86 = 4.9  h
h = 6.86 : 4.9
h = 1.4 m
Answer: ... to a height of 1.4 m. 
3 0
3 years ago
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Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on
Arada [10]

Answer: It has 1 milion dollars in required reserves

Explanation:

Tot. Res = Vault cash + Deposit with Federal Reserve

Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars

Total reserves are the sum of excess reserves and required reserves .

Tot. Res. = Exce. Res. + Req. Res.

10 million dollars = 9 million dollars = Req. Res.

Req. Res. = 10 million dollars- 9 million dollars.

Req. Res. = 1 million dollars.

4 0
3 years ago
In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be:
ser-zykov [4K]

In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be higher than its target position

Option B

<u>Explanation: </u>

Negotiation is a political dialogue that addresses a problem in a way acceptable to both sides. That group tries in a discussion to convince the other to adhere to its views. Both parties involved tend not to argue, rather seek to find some kind of agreement by mediation.

Talks require others, so that one side is always in the forefront of the talks. Nevertheless, even when the concession is marginal, the other should surrender.

Negotiation parties can differ. These may include negotiations between purchasers or even between the government of several or more nations, employers and future employees.

6 0
4 years ago
Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,00
Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

We have given amount invested P = $440000

Rate of interest r = 8.3%

Time t = 1 year

As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest r=\frac{1}{365}=0.00273 %

Time period n = 365

We know that final amount is equal to A=P(1+\frac{r}{100})^n

So A=440000(1+\frac{0.00273}{100})^{365}=444422.01$

So the cash award will be equal;l to $444422.01

6 0
4 years ago
What is the after-tax cost of debt for a firm if it pays at 21% of tax rate, and pays 15% on its debt
FinnZ [79.3K]

Answer:

= 11.85%

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After tax cost of debt = (1 - tax rate) x debt

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0.79 x 15% = 11.85%

5 0
3 years ago
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