The condition that results from society not having enough resources to produce all things people would like to have is known as

From an economic perspective, a student’s decision to go to the movies instead of studying for a test indicates that in the stud

shepuryov [24]

Answer:

It means that the marginal cost of going to the movies is less than the marginal benefit of going to the movies.

Explanation:

If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.

6 0

3 years ago

Jessejhernandez my other account got deleted lol

NISA [10]

Thanks for the free points?
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7 0

3 years ago

Read 2 more answers

On January 1, 2021, Newlin Co. has the following balances: Projected benefit obligation $3,500,000 Fair value of plan assets 3,0

SpyIntel [72]

Answer:

$3,925,000

Explanation:

Calculation to determine what The balance of the projected benefit obligation at December 31, 2021 is

Projected benefit obligation $3,500,000

Add Service cost $300,000

Add Interest cost $350,000

(3,500,000X.1)

Less Benefits paid ($225,000)

Projected benefit obligation at December 31, 2021 $3,925,000

Therefore The balance of the projected benefit obligation at December 31, 2021 is $3,925,000

5 0

3 years ago

Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati

zzz [600]

Answer & Explanation:

The carrying value of the company is $3000 ($23000 - $20000) and the amount paid is $700 for the exchange of a truck worth $5700. The entry for such an exchange will be:

Dr Truck- Accumuated Depreciation $20000

Dr New Truck (Balancing amount) $3700

Cr Asset Cost $23000

Cr Cash Paid $700

So the new value that must be recognized as asset value in the Statement of Financial Position for the year is $3700.

So the option C is correct.

8 0

3 years ago

A client is admitted for observation due to abnormal heart sounds, pulmonary congestion, nocturnal paroxysmal dyspnea, and ortho

Aleonysh [2.5K]

Answer:

The correct answer to the following question:

Mitral valve stenosis

Explanation:

It showed the right side in the heart. In this condition the valve of the heart become narrow.

If this valve becomes abnormal then this valve doesn't open properly and it also blocks the flow of the blood coming from the left ventricle which is the heart's main pump.

4 0

3 years ago