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3 years ago

The basic goal in dealing with the problem of scarcity is

1 answer:

6 0

Scarcity is to not have enough resources to fullfil a societies wants and needs. The 3 basic questions a society must ask inorder to deal with this are. what to produce? how to produce? and, for whom to produce? whoever answers those questions is how I societies economic system is decided. Though to answer your question in short, the basic goal of a society is to deal with scarcity, they achieve this by producing as much resources as possible with the little resources available.

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Investment X offers to pay you $6,200 per year for nine years, whereas Investment Y offers to pay you $9,000 per year for five y

Ira Lisetskai [31]

Answer:

a)Present value [X] = $46,099.06

Present value[Y] = $40,066.40

b) Present value[X] = $30,667.51

Present value[Y] = $30,897.73

Explanation:

Present value of an ordinary annuity is calculated as follows:

$Present value =PMT*\frac{[1-(1+i)^-^n]}{i}$

where PMT = the value of the individual payments in each period

i = the interest rate that would be compounded in each compounding period

n = the number of payment periods

a) Present value of X given PMT = 6,200; i=0.04; n = 9 is calculated as follows:

Present value[X] = $6,200*\frac{[1-(1+0.04)^-^9]}{0.04}$ = $46,099.06

Present value of Y given PMT = 9,000; i=0.04; n = 5 is calculated as follows:

Present value[Y] = $9,000*\frac{[1-(1+0.04)^-^5]}{0.04}$ = $40,066.40

b) if the discount rate is 14% and all other variables do not change

Present value[X] = $6,200*\frac{[1-(1+0.14)^-^9]}{0.14}$ = $30,667.51

Present value[Y] = $9,000*\frac{[1-(1+0.14)^-^5]}{0.14}$ = $30,897.73

7 0

3 years ago

What type of supply chain configuration is most appropriate if your organization needs to minimize inbound transportation costs,

pochemuha

Answer:

centralized suplly chain

Explanation:

Decentralize supply chain processes can be defined as processes that must be performed in the plant because they involve physical interaction with the material. There processes are the ones where the decision-making is ‘localized’. It involves supply chain managers, planners, manufacturing teams, health and safety team and possibility trade management folks.

3 0

4 years ago

Before tuberculosis was understood to be a communicable disease, and before the discovery of antibiotics to treat it, a major ou

uranmaximum [27]

<span>Reduction in a nation's labor force would long-run aggregate supply curse to the left, representing a reduction in labor. This would tend to drive up labor costs over time. Presumably, the demand curve would remain static in the short-term. However, such a reduction would also impact the nation's consumption and thereby reduce the demand for products. This would in turn drive a decreased demand for labor (leftward shift) and apply downward pressure to wages. The answer to this depends on whether the questions is regarding short-term, medium-term or long-term labor supply/demand curve.</span>

7 0

4 years ago

Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domes-tic welfare spe

arsen [322]

Answer:

A. Movement on the PPC

B. Rightwards / Outwards shift of PPC

C. Less Concavity of PPC

Explanation:

Production Possibility Curve is combination of two goods that an economy can produce, given resources & technology (efficient utilisation).

It is a downward sloping curve as more of one good can be produced by sacrifising other good, same resources & technology.
It is concave curve because of increasing marginal opportunity cost, i.e increasing amounts of a good to be sacrifised to gain additional amount of other good, as resources are not equally efficient in production of both goods.
Points on PPC reflect full utilisation, points under PPC reflect under utilisation, points above PPC are unattainable.

a) A disagreement between persons favouring more domestic welfare spending or national welfare spending : Is just an issue of reallocation of same resources, technology. So, PPC doesn't change & there can only be movement on the PPC (more of one good, less of other good)

b) An increase in population : leads to increase in human resource & hence the PPC shifts outwards / rightwards as the production potential of economy rise with more human resource.

c) Technological change that make resources less specialised : would reduce resources' efficiency gap in production of two goods. So, Marginal Opportunity cost reduces & hence the PPC becomes less concave.

6 0

3 years ago

Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra

VLD [36.1K]

Answer:

Explanation:

A heart transplant is a surgical procedure that replaces the person’s heart with a donor heart. A person may require a heart transplant for several reasons including congenital, arterial and muscle diseases or for unforeseen reasons such as accidents or viral infections.

The donor heart is matched to the recipient by blood type. More variables are also used to decide which recipient receives a heart if there are not enough hearts available for all recipients waiting for a transplant. The variables included in the decision may include the recipient state of health, cause of the heart condition and the urgency of the transplant.

The main goal of this project is for you to write a matching function that receives as a parameter the number of available hearts for transplant and will output all the recipients ranked in order of precedence.

8 0

4 years ago