The best illustration of the economic concept is scarcity. Thus the correct option is (C).
<h3>What is Scarcity?</h3>
Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.
According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.
Thus the correct option is (C).
Learn more about economic concept here:
brainly.com/question/927463
#SPJ1
A statement of accounts is a document that reflects all transactions that took place between you and a particular customer for a given period of time. Generally business owners send statements of accounts to their customers to let them know how much they owe for sales that took place on credit during that period.
Answer:
Honestly, Bill Can not sue Tom
Explanation:
Firstly I don't know the contractual agreement between Tom and Bill, but based on the fact that Tom informed Bill of the latest happenings as regards the umbrella,
Hence Bill is well Informed.
Now Bill tested his umbrella and they were OK, it doesn't rule out the fact and the possibility of 14 out 100 to be bad, this can be in a form of factory error.
Answer: D
Explanation:
As the name implies, the most basic difference between a product and a service is that services are intangible, meaning they cannot be touched, tasted, or seen like a pure product can.
Answer: $252
Explanation:
GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.
The GDP contribution here therefore will be the value of the meals created;
= 50 * 5.04
= $252