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sesenic [268]
4 years ago
9

Students must choose to use their time after school either to work, to complete homework, or to relax. Which concept does this i

llustrate?
altruism
B
scarcity
C
marginal return
D
comparable worth
Business
1 answer:
sweet [91]4 years ago
3 0
The best answer is B) Scarcity

Scarcity refers to the fact that we do not have an unlimited amount of resources with which to obtain the things we want. In this case, students have various obligations and desires, such as working, relaxing, and doing homework, but a scarcity of time with which to do these things. 
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Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
3 years ago
Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters
telo118 [61]

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

6 0
3 years ago
True or False a lateral electrical is run from a pole to a dwelling.
Elodia [21]
The correct answer would be False
5 0
3 years ago
You would like to establish a trust fund to provide $150,000 a year forever for your heirs. The expected rate of return is 4.3 p
inn [45]

Answer:

$3,488,372.09

Explanation:

Data provided in the question

Annual income provided per year = $150,000

Expected rate of return = 4.3%

So by considering the above information, the amount of money deposited today is

= Annual income provided per year ÷ Expected rate of return

= $150,000  4.3%

= $3,488,372.09

By dividing the annual income by the expected rate of return we can get the today deposited amount

6 0
4 years ago
The ____ button assigns a fixed dollar sign to the numbers in a selected range, with the dollar sign to the far left with spaces
Sholpan [36]

Answer:

Accounting number format.

Explanation:

5 0
3 years ago
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