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3 years ago

Economics is a social science that studies how individuals, institutions, and society may:

Business

2 answers:

Anna [14]3 years ago

4 0

Answer:

The correct answer is letter "C": Best use resources to maximize satisfaction of economic wants.

Explanation:

Scarcity is the elemental economic problem by which individuals have unlimited needs but only limited resources to satisfy them. This scenario leads to trade-offs. People will have to sacrifice part of the satisfaction of one good so the satisfaction of another can also be fulfilled.

<em />

<em>Scarcity pushes individuals to allocate their resources efficiently.</em>

I am Lyosha [343]3 years ago

3 0

Answer:

C. Best use resources to maximize satisfaction of economic wants

Explanation:

Economics is a social science that studies human behaviour in relation to ends and scarce means resulting in alternative uses. This definition by Lord Robbins deals with the basic concept of economics.

Human wants are unlimited however, the resources available to satisfy these wants are limited hence choices have to be made in other of importance for the allotment of the limited resources in satisfying the unlimited wants resulting in scale of preference and opportunity cost.

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How can I ensure that my coworkers and I are in a safe working environment

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How can I ensure that my coworkers and I are in a safe working environment. If your company has an industrial hygienist and also your safety officer can inspect.

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3 years ago

62. In the MARKET GROWTH stage of the product life cycle: A. competing products become almost the same in the minds of potential

OleMash [197]

Answer:

Explanation:

this is where the product is marketed and continues to pick up customers who will use the product repeatedly and refer others for its usage

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3 years ago

Bull'sEye sells gift cards redeemable for Bull'sEye products either in-store or online. During 2016, Bull'sEye sold $2,000,000 o

alekssr [168]

Answer:

b) $1,950,000

Explanation:

Value of gift cards redeemed with those whose date of redemption has passed, will both have the amount to revenue out of $2,000,000 of the gift cards sold.

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Total gift card revenue to be recognized in 2016 = $1,950,000

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3 years ago

Would walmart be able to offer such low prices if they were a different type organization?

zheka24 [161]

No, Walmart won't be able to offer such low prices if they were a different type organization

Walmart might soon follow in the footsteps of Borders booksellers, Sam Goody's record stores, and other once-dominant retailers whose market share shrank and finally collapsed as online sales got steadily larger if it didn't keep its pricing low enough to compete with e-commerce behemoths like Amazon.

Walmart has kept operating costs down since its inception in the early 1960s by heeding the advice of its late founder and namesake Sam Walton. Even after becoming a multi-millionaire, Walton is infamous for still using an old pickup vehicle for transportation. by using low-cost travel choices for executives and by maintaining a simple in-store design.

To learn more about Walmart refer to:

brainly.com/question/16607243

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2 years ago

Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes:

navik [9.2K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

Account DEBIT CREDIT

raw material inventory 300,000

accounts payable 300,000

work in process inventory- Mixing 210,000 -

work in process inventory- Packaging 45,000

raw material inventory 255,000

Factory payroll 258,900 -

Wages payable 258,900

work in process Labor- Mixing 182,500 -

work in process Labor Packaging 76,400

Factory payroll 258,900

Manufacturing overhead 810,000 -

overhead payable 810,000

work in process Mixing 672,000 -

work in process Packaging 144,000

Manufacturing overhead 816,000

work in process Labor Packaging 979,000 -

work in process Labor- Mixing 979,000

Finished goods 1,315,000 -

work in process Labor Packaging 1,315,000

Accounts receivable 2,500,000 -

Sales 2,500,000

Cost of goods sold 1,604,000 -

Finished goods 1,604,000

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3 years ago