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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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Croft Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 percen
Bezzdna [24]

Answer:

13.02%

Explanation:

Debt = 30% and Common stock = 70%

Cost of equity is 16% and debt is 8%

Tax is 24%

WACC = Cost of equity*Weight of equity + After tax cost of debt*Weight of debt

WACC = (0.16*0.70) + (0.08*(1-0.24)*0.30)

WACC = 0.112 + 0.01824

WACC = 0.13024

WACC = 13.02%

So, the the company's WACC is 13.02%

5 0
3 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
Which of the following terms is not part of RIASEC? realistic (Doers) investigative (Thinkers) authoritative (Can do Attitude) s
Aleks04 [339]
<h2>Answer </h2>

Option 3 - Authoritative(can do attitude).

<u>Explanation</u>

RIASEC is the Holland codes which refer to a theory about careers and vocational choice that was initially developed by an American psychologist named John L. Holland. There are six personalities in this theory which include practical, investigative, creative, cultural, ambitious and traditional only. There is no space of authoritative because there is no negativity in this theory as one person has the power, control or influence and make decisions. This can also be misused by many people which is why it is not included in this theory.

8 0
3 years ago
You plan to make a series of deposits in an interest-bearing account. You will deposit $1,000 today, $2,000 in 2 years, and $8,0
solniwko [45]

Answer:

$5,641

Explanation:

DEPOSIT NOW  

$1000 * FVIF 9%,8 PERIODS

= $1000 * 1.9926

= $1992.6

IN 2 YEARS

= $2000 * FVIF 9%,6 PERIODS

= $2000 * 1.6771

= $3354.20

IN 5 YEARS

= $8000 * FVIF 9%, 3 PERIODS

= $8000*1.2950

= $10360

WITHDRAWAL: IN 3 YEARS

= ($3000) * FVIF 9%, 5 PERIODS

= ($3000) * 1.5386

= ($4615.80)

IN 7 YEARS

= ($5000) * FVIF 9%, 1 PERIOD

= ($5000) * 1.0900

= ($5450)

Total value = $1992.6  + $3354.20 + $10360  - $4615.80 - $5450

Total value = $5,641

So, the total future value after eight years is $5,641

7 0
2 years ago
How can the government promote industrial development in south africa?​
quester [9]

Answer:

<em>The growth center concept has formed the cornerstone of industrial development policy in South Africa since apartheid was introduced as a constitutional model in 1948. This paper attempts to recapture the evolutionary development of industrial policy in South Africa and to underline prominent deficiencies in present industrial development policy. South African industrial policy continues the segregation practices of the past, despite the government's repeated statements in recent years that it intends to move away from the concept of apartheid. Guidelines for a revision in industrial development thinking based on sound economic principles rather than concealed political practices are suggested for the country.</em>

8 0
3 years ago
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