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xxMikexx [17]
3 years ago
14

How does scarcity affect Trey?

Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

Answer:

The answer is: All our actions and decisions are affected by scarcity. Trey must decide what actions he needs to take to maximize his well being.

Explanation:

By definition all resources are finite, they have a limit. Even the richest corporations in the world have a certain amount of money, no one can have infinite money. No basketball team is made up of 7 billion people, someone in the world will not be able to play basketball. Time, materials, goods, services, everything is limited, so everything is scarce.

Trey´s (and everyone else´s) day is only 24 hours long, so he must decide how to divide his time to achieve the goals that maximize his happiness or well being. He must decide what is most important for him, a car or the basketball team. Time scarcity sets up a limit on the decisions we make. He must decide whether to work more to be able to buy the car, or should he stay on the team and forget about the car. Only Trey can decide based on what will make him happier.

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Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit
vlabodo [156]

Answer:

<u>Monopolistic Competition:</u>

4. a firm that faces a downward sloping demand curve.

<u>Perfect Competition:</u>

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

<u>Both:</u>

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0
4 years ago
jake is a member of the united auto workers union. according to the wheel of diversity, which dimension of diversity does this i
artcher [175]

Workers in an industry join together to form an industrial union, regardless of their trade or level of expertise. They now have stronger negotiating and strike power as a result.

Welders, electricians, factory line workers, and stock loaders and unloaders are just a few of the workers who are represented by the United Auto Workers, making it an industrial union.All of the workers are employed by the automobile industry.One of the biggest and most varied unions in North America is the UAW. Each economic sector is represented among its members.The UAW represents a variety of workplaces, including large, diverse enterprises, small manufacturers, state and local governments, as well as hospitals, private non-profit organizations, and institutions of higher education.

Both active and retired members of the UAW are united. Retirees are highly interested in the union and contribute greatly to its community outreach initiatives.The UAW has constantly formed creative alliances with companies and achieved pay raises and member benefits. The following are some of the bargaining advances used by the UAW:The first industrial worker health insurance program sponsored by an enterprise.The initial cost-of-living adjustments.Contributing to advances in product quality.

To know more about Auto workers visit:

brainly.com/question/14950684

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4 0
1 year ago
14. Calle's purse was stolen. One of the four credit cards in her purse was used by the thief. Which of the following would you
Delvig [45]
D because I believe that they will stop the account completely and stop the card from being used so when the thief comes to buy something it declines or it doesn’t work
3 0
2 years ago
The balance shown in the August bank statement of a company was $22,800. After examining the August bank statement and items inc
Elena-2011 [213]

Answer: $20,600

Explanation:

In calculating the amount of cash that should be reported in the balance sheet as of August 31, we add the deposits Outstanding because that is money that we are getting. We then subtract the checks Outstanding because that is money we are to pay. These are the 2 balances to be concerned with.

The cash balance will therefore be,

= Bank account balance + Deposit Outstanding - Checks Outstanding

= 22,800 + 2,000 - 4,200

= $20,600

$20,600 is the amount of cash that should be reported in the balance sheet as of August 31.

7 0
4 years ago
Omega Corporation uses process costing to calculate the cost of manufacturing pool systems. Beginning work in process included 3
Karo-lina-s [1.5K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
6 0
4 years ago
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