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3 years ago

Which activity does economics primarily study?

Business

1 answer:

SashulF [63]3 years ago

3 0

Answer:

c. best utilization of scarce resources

Explanation:

Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.

Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.

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Acme Air Compressor Company has decided to limit the number of compressors it will supply to some of its distributors that it su

kondor19780726 [428]

Answer:

b. False

Explanation:

A Referent power in an organization my be defined as the power of a person or a company that is based on high level of identification with that of admiration or inspiration or out of respect.

Thus in the context, the Acme company does not uses its referent power to its distribution channel when the company decides to limit the supply of the its compressors to some of its distributors as the distributors are selling some of the air compressors of the competitor company.

Hence the answer is FALSE.

4 0

3 years ago

Can these two countries gain from trading oil and fish oil?

ozzi

These countries can gain from trade because norway has an absolute advantage producing fish oil.

6 0

3 years ago

Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term

victus00 [196]

Answer:

total debt ratio = 0.3532

Explanation:

given data

total assets = $485,390

net fixed assets = $250,000

current liabilities = $23,456

long-term liabilities = $148,000

to find out

total debt ratio

solution

we get here total debt ratio that is express as

total debt ratio = ( current liabilities + long-term liabilities ) ÷ total assets ........1

put here value we get

total debt ratio = $\frac{23456+148000}{485390}$

total debt ratio = 0.3532

4 0

3 years ago

Dennis, who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $100 to spend on f

Kitty [74]

Answer:

1. buy more salads and fewer sandwiches.

Explanation:

As we know that

$\textup{MU}_{S}=\textup{Marginal utility of Sadwitches}$

$\textup{MU}_{SA}=\textup{Marginal utility of Salad}$

$\textup{P}_{S}=\textup{Price of Sanswithches}$

$\textup{P}_{SA}=\textup{Price of Salads}$

Therefore

$\frac{MU_{S}}{MU_{SA}}=\frac{P_{S}}{P_{SA}}$

$\frac{MU_{S}}{MU_{SA}}=\frac{\$40}{\$40}=1$

Now the price ratio is

$\frac{P_{S}}{P_{SA}}=\frac{\$3}{\$2}=1.5$

It is probable if you rising marginal utility numbering and reduce denominator marginal utility. If you reduce their intake, the MU of a food item will raise. Such decrease in the composition would make the quantity of the food element scarce. And its usefulness goes up. The Numerator here is sandwich MU. And to increase their marginal utility, you can reduce sandwich consumption.

Salad should need just the reverse. You raise salad intake so the MU reduces. Therefore you have to eat more salads and less chicken sandwiches to maximise the utility. So, salad is replaced by sandwiches for chicken.

5 0

3 years ago

One of the most common mistakes new business owners make is

poizon [28]

Not knowing there market or customer's needs.

8 0

3 years ago