Answer: Option (C) is correct.
Explanation:
In economics, this is a fundamental problem that how to utilize the limited resources to satisfy unlimited wants. There are three things that are interrelated with each other:
(1) Limited resources
(2) Scarcity of goods and services
(3) Unlimited wants
We know that human wants are unlimited and resources are limited, then there is a problem of scarcity arises. Many economists call this as "economizing problem". So, economizing problem is all about making choices from scarce resources.
Answer:
A) Yes, because the firm could sell the warehouse if it didn’t use it for the new project.
Explanation:
- The option A is correct in our scenario, because the firm still have the option to sale the warehouse even they want to use it for the new project.
- The option B is not correct as the cost of warehouse is not sunk cost, such a cost that has been utilized and can't be recovered, but we can sale the warehouse and get the payment.
- The option C is incorrect as once the project is complete then it would be a part of that project so they will not sale the warehouse.
Answer:
Increases disposable income and consumption; right
Explanation:
A reduction in the taxes by the government of a particular nation will increase the disposable income of the consumers of that nation. A disposable income refers to the income of the consumer after deducting the taxes.
Hence, if the disposable income of the consumer increases then as a result this will increase the purchasing capacity of the consumers and the demand for goods & consumption level also increases.
Due to this increase in the disposable income and consumption level, there is a rightward in the aggregate demand curve.
I have a tough dilemma between A,B,E but my feeling from knowledge is leaning towards E
Answer:
Ending cash balance = $13,000
Explanation:
<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>
With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position
Ending cash balance = Beginning cash balance + cash receipts - cash payment
= 3,000 + 50,000 - 40,000
Ending cash balance = $13,000
