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3 years ago

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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Which of the following choices is NOT one of the reasons cost-plus pricing is so popular? a) It captures the full price that cus

mylen [45]

Answer: a) It captures the full price that customers might be willing to pay for a product.

Explanation:

The cost-plus pricing method involves using the total cost to come up with a selling price by simply adding a markup that the company would like as profit to the total cost of the product per unit and then selling it at that price.

It is easy to justify to stakeholders, simplifies pricing processes and is quite easy to measure or estimate.

It however does not capture how much a customer may be willing to pay for for a good as it is based on the company's expenses and preferred profit.

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3 years ago

Zach is a salesperson at a large medical supply company. the company wants zach to learn to manage multiple departments, so it o

artcher [175]

Answer: Payment for Knowledge

Explanation:Training is a key aspect for a company's improvement development and success. It is beneficial to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.

Due to the continuous updates and improvement in the world technology relating to businesses, Most Organisations are willing to pay for training thier employees off the job so to cope up with those changes, improve the working conditions, and enhance their knowledge.

Even though such training are costly,on the long run, they improve efficiency and productivity of employees. Well trained employees show both quantity and quality performance leading to optimal use of time, money and resources.

The company seeking for Zach to learn to manage multiple departments, and proferring to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree shows that the company is willing to pay for more knowledge as that hopefully will go a long way to improve their productivity when he returns.

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3 years ago

A bureaucrat who had no hope of advancing professionally still followed every rule, even when it slowed down his work and person

stepladder [879]

Ritualism is the type of deviance that his behavior illustrates.

What is ritualism in deviance?

Ritualism entails rejecting cultural objectives while routinely accepting the methods for accomplishing them. Retreatism entails rejecting both the cultural objectives and the conventional ways of accomplishing them.

What is the concept of strain theory?

According to strain theories, some stresses or strains make crimes more likely. These strains cause unpleasant feelings like annoyance and rage. Crime is one possible response to these feelings, which put pressure on people to take corrective action.

What does the strain theory argue?

According to the Strain Theory, crime happens when there aren't enough possibilities for people to successfully pursue the standard aspirations of a society. There is a "tension" between the objectives and the methods to achieve them in such a setting, and some people turn to crime to succeed.

Learn more about strain theory: brainly.com/question/14311069

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6 0

1 year ago

Storico Co. just paid a dividend of $2.05 per share. The company will increase its dividend by 24 percent next year and then red

VikaD [51]

Answer:

A share of stock sell for <u>$74.21 </u>today.

Explanation:

This can be calculated as follows:

Dividend per share in year 1 = Year 0 dividend * (1 + growth rate of year 1 dividend) = $2.05 * (1 + 24%) = $2.5420

PV of year 1 dividend per share = Year 1 dividend / (1 + rate of return)^1 = $2.5420 * / (1 + 10%)^1 = $2.31090909090909

Dividend per share in year 2 = Year 1 dividend * (1 + growth rate of year 1 dividend) = $2.5420 * (1 + (24% -6%)) = $2.5420 * (1 + 18%) =$3.00

PV of year 2 dividend per share = Year 2 dividend / (1 + rate of return)^2 = $3.00 / (1 + 10%)^2 = $2.47933884297521

Dividend per share in year 3 = Year 2 dividend * (1 + growth rate of year 2 dividend) = $3.00 * (1 + (18% -6%)) = $3.00 * (1 + 12%) =$3.36

PV of year 3 dividend per share = Year 3 dividend / (1 + rate of return)^3 = $3.36 / (1 + 10%)^3 = $2.5244177310293

Dividend per share in year 4 = Year 3 dividend * (1 + growth rate of year 3 dividend) = $3.36 * (1 + (12% -6%)) = $3.36 * (1 + 6%) =$3.5616

PV of year 4 dividend per share = Year 4 dividend / (1 + rate of return)^4 = $3.5616 / (1 + 10%)^4 = $2.43262072262824

Dividend per share in year 5 = Year 4 dividend * (1 + growth rate of year 4 dividend) = $3.5616 * (1 + 6%) = $3.775296

Price at year 4 = Year 5 dividend / (Rate of return – growth rate) = $3.775296 / (10% - 6%) = $94.3824

PV of price at year 4 = Price at year 4 / (1 + rate of return)^4 = $94.3824 / (1 + 10%)^4 = $64.4644491496482

Share price to day = PV of year 1 dividend per share + PV of year 2 dividend per share + PV of year 4 dividend per share + PV of year 4 dividend per share + PV of price at year 4 = $2.31090909090909 + $2.47933884297521 + $2.5244177310293 + $2.43262072262824 + $64.4644491496482 = $74.21

5 0

3 years ago

Suppose manufacturers introduce a new model car to replace a car currently included in the CPI basket. The price of the new car

Harlamova29_29 [7]

Answer:

The correct answer is option D.

Explanation:

The consumer price index is a tool to measure inflation in the economy. It measures the change in price level through a basket of goods generally purchased by the households. It does not include change in quality.

It is measured as

CPI =

$\frac{Cost\ of\ Market\ Basket\ in\ Base\ Year}{ Cost\ of\ Market\ Basket\ in\ Given\ Year} \ \times\ 100$

In the given example, the price of the car is increasing but the quality is improving as well. Since the CPI does not include quality, the inflation rate will be overstated.

6 0

3 years ago