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3 years ago

What is scarcity? How does it relate to behavioral economics?

2 answers:

7 0

is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources It states that society has insufficient productive resources to fulfill all human wants and needs. I Hope This helped :) \(0o0)/

aev [14]3 years ago

3 0

Sacarity means the state of being in short supply

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Output from a process contains 0.02 defective units. Defective units that go undetected into final assemblies cost $25 each to r

Nastasia [14]

Answer: Inspection station should be established.

Explanation:

Cost to company if defect is not detected:

= Cost to replace * percentage defects * number of units tested per hour

= 25 * 0.02 * 20 units

= $10 per hour

Inspector is paid $8 per hour.

The fees to the inspector are less than the cost of replacement so the Inspection station should be established as it saves costs.

6 0

3 years ago

When an automobile manufacturer is careful to purchase only the highest-quality components for use in production, this is an exa

Kryger [21]

Answer:

The option for this question are the following:

A. Concurrent

B. Statistical

C. Inventory

D. Feedforward

The correctt answer is D. Feed forward.

Explanation:

Feedforward is the process by which feedback between company members focuses more on future possibilities. That is to say, it is not only about communicating but about doing it thinking about increasing the opportunities that the company has and will be able to have later.

The problem we had when we talked about feedback was that it focused on aspects of the past. Communication was thought of as something of the moment, without determining an intention to take it to another level. The ‘feed’ forward would come into play here.

What is intended with the feedforward is to establish links and ideas, so that teamwork makes business organization easier. Brainstorming and the sharing of solutions and aspects for the company mean that employees can aspire to a positive work future.

8 0

3 years ago

Read 2 more answers

You purchase a bond with an clean price of $1,129. The bond has a coupon rate of 10 percent, and there are 4 months to the next

marta [7]

Answer:

The answer is "1145.66".

Explanation:

Using formula:

$\text{Dirty price = Clean price + accrued interest}\\\\$

$= 1,129 +100\times 0.5\times \frac{2}{6} \\\\= 1,129 +50\times \frac{2}{6} \\\\= 1,129 + \frac{100}{6} \\\\= \frac{6774+100}{6} \\\\= \frac{6874}{6} \\\\=1145.66$

$=\$1,129+(10\% \ of\ 1000)\times \frac{2}{12}\\\\=\$1,129+(\frac{10}{100} \times \ 1000)\times \frac{2}{12}\\\\=\$1,129+(100)\times \frac{2}{12}\\\\=\$1,129+ \frac{200}{12}\\\\=\$1,129+ 16.666667\\\\=\$1,145.666667\\\\$

8 0

3 years ago

_____ refer(s) to fiscal policy that is caused by the deliberate action by policy makers rather than rules. Please choose the co

Inessa05 [86]

Answer: Discretionary fiscal policy

Explanation: Discretionary fiscal policy is a tool of fiscal policy used by the government to expand or shrink the economy as per the need. While performing such policy the government changes the level of tax collection or the amount of expenditure done on the economy.

It is a deliberate action by the policy makers and do not automatically accelerates while during inflation or deflation.

5 0

4 years ago

A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev

Ilya [14]

Answer:

B) raw material exporting

Explanation:

Based on the information provided within the question it can be said that this country most likely has a raw material exporting economy. This is a type of economy that focuses mainly on exporting and trading the raw materials which it's host country is rich in. This allows them to make money and import more necessary things that the country needs but can't produce.

3 0

3 years ago