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3 years ago

Match each economic scenario with the correct economic term.

Business

1 answer:

kkurt [141]3 years ago

6 0

Answer:

The answer is:

1 - Underutilization

2 - Efficiency

3 - Unattainability

Explanation:

Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.

Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.

Unattainability is a situation in which what one to accomplish or achieve is not possible.

1 - Underutilization

2 - Efficiency

3 - Unattainability

You might be interested in

Consider the following transactions for Huskies Insurance Company: Equipment costing $30,000 is purchased at the beginning of th

Reika [66]

Answer:

a. Dr Depreciation expense $5,000

Cr Accumulated depreciation $5,000

b. Dr Interest receivable 750

Cr Interest revenue 750

c. Dr Unearned revenue 2,000

Cr Service revenue 2,000

Explanation:

Preparation to record the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

a. Dr Depreciation expense $5,000

Cr Accumulated depreciation $5,000

(Being to adjust for Depreciation of Equipment)

b. Dr Interest receivable 750

Cr Interest revenue 750

(30,000*5%*6/12)

(Being to adjust for accrued interest)

c. Dr Unearned revenue 2,000

Cr Service revenue 2,000

(8,000*3/12)

(Being to adjust for accrued rent revenue)

6 0

3 years ago

Suppose there are only three people in the economy: jane, harry, and bob. the individual demand for corn for each of these consu

OleMash [197]

Answer:

$25

Explanation:

Please check the attached image for a diagram of exhibit 3-1

The total quantity demanded can be found by adding the sum of the quantity demanded at $5.

Jane doesn't demand at $5, so her quantity demanded is 0

For Henry it is 8

For Bob, it is 17

Total quantity demanded ia 25

I hope my answer helps you

8 0

4 years ago

he employees at Purple & Gold Inc. are expected to complete their work and leave the office premises by 6:00 p.m. Team outin

artcher [175]

Answer:

Norms

Explanation:

A norm is something that is usually done or has become a standard.

In the case of the employees, work is expected to be completed and the staff should have exited the premises by 6pm. Since this is done everyday, it is a norm.

It can be further said to be something that has become normal.

Just like in the question, submission of team outings, reports and attendance have also become a normal thing in the company, every month.

Cheers.

4 0

3 years ago

Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t

frozen [14]

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

8 0

3 years ago

Read 2 more answers

Eglon Mills has a new Year 2020 project with an initial equipment cost of $368,000 and a project life of 10 years. The firm gene

marissa [1.9K]

Answer:

$77,280

Explanation:

Calculation for what is the depreciation tax shield amount for Year 2020 at a tax rate of 21 percent

Using this formula

Depreciation Tax Shield =Initial equipment cost*tax rate

Let plug in the formula

Depreciation Tax Shield = $368,000*21%

Depreciation Tax Shield = $77,280

Therefore the Depreciation Tax Shield will be $77,280

7 0

3 years ago