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3 years ago

In 1-2 sentences, explain why scarcity exists.

1 answer:

3 0

Scarcity refers to a state of being in short supply.

Scarcity exists because distribution of resources is unequal. Majority of the people tend to get more than they need in preparation for future uses. They did not take into consideration that other people also need the items they have stocked up on. This results to unequal distribution of resources. Those who had first access to the goods have more than they need while those who came last have goods that is not enough to sustain their needs. They are the ones experiencing scarcity.

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You are scheduled to receive annual payments of $60,000 for each of the next 20 years. The annual rate of return is 8 percent. W

babymother [125]

Answer:

= $ 219,657.43

Explanation:

FV of annuity = P x [(1+r) n -1/r]

P = Periodic payment = $ 20,000

r = Periodic interest rate = 0.08

n = Number of periods = 20

FV = $ 60,000 x [(1+ 0.08)20 -1/0.08]

= $ 60,000 x [(1.08)20 -1/0.08]

= $ 60,000 x [(4.66095714384931 -1)/0.08]

= $ 60,000 x (3.66095714384931/0.08)

= $ 60,000 x 45.7619642981163

= $ 2,745,717.85788698 or $ 2,745,717.86

FV of annuity due =(1+r) x P x [(1+r) n -1/r]

= (1+0.08) x $ 2,745,717.85788698

= 1.08 x $ 2,745,717.85788698

= $ 2,965,375.28651794 or $ 2,965,375.29

Difference in FV of ordinary annuity and annuity due

= $ 2,965,375.29 - $ 2,745,717.86

= $ 219,657.43

3 0

3 years ago

Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board assembly lines. Determine the

Debora [2.8K]

Answer:

Kanban container size = 73

Number of kanbans needed = 5

Explanation:

Kanban container size (Q):

Q = SQRT [(2 x D x S) / H x (1 - d/p)]

where,

D = Annual demand

S = Setup cost

H = Holding cost

d = Daily usage

p = Daily production

Putting the given values in the above formula,

CONTAINER SIZE = SQRT ((2 * ANNUAL DEMAND * SETUP COST) / (HOLDING COST * (1 - (DAILY USAGE / DAILY PRODUCTION))))

Q = SQRT [(2 x 4,000 x $30) / $125 x (1 - 16/25)]

Kanbans container size = 73 units (Rounding off to the nearest whole number)

NUMBER OF KANBANS = DEMAND DURING LEAD TIME + SAFETY STOCK / SIZE OF CONTAINER

K = ((16 * 16) + (4 * 25) / 73 = 5

4 0

3 years ago

Consider the following statement: "An increase in supply decreases the equilibrium price. The decrease in price increases dem

pochemuha

Answer:

The correct answer is option A.

Explanation:

An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.

The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.

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3 years ago

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

guapka [62]

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.

8 0

3 years ago

Read 2 more answers

Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement

Rzqust [24]

The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.

<h3>How to manage a conflict?</h3>

It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.

Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.

Find out more about conflict management here:

brainly.com/question/26675176

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4 0

2 years ago