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earnstyle [38]
2 years ago
10

Which of the following best describes economics?

Business
1 answer:
olga nikolaevna [1]2 years ago
5 0

Based on the given options, the option that best describes economics is B. Economics is about making choices on how best to use limited resources.

<h3>What is economics about?</h3>

Economics is a field that was founded in order to help societies to best manage their resources by being able to make choices on what to produce based on the resources that the society had. These resources are  limited and so there is a need to properly use them for productions.

Humanity cannot survive without the production of goods and the provision of services but to do these things, we need to use the resources available to us. We cannot therefore produce everything we want and need to make choices about what to do with these resources and that is where economics comes in.

Find out more on economics at brainly.com/question/17996535

#SPJ1

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Question Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that
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Deposited amount will decrease by 1% and $2,000

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3 years ago
Chang Industries has 2,500 defective units of product that have already cost $14.50 each to produce. A salvage company will purc
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$27,250

Explanation:

The computation of incremental income or loss on reworking the units is shown below:-

For computing the incremental income or loss on reworking the units first we need to follow some steps which is shown below:-

Incremental revenue per unit = Selling price after rework - Selling price as scrap

= $22.00 - $5.60

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