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koban [17]
3 years ago
15

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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If you value outdoor recreation, which career might be good for you?
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You could be a coach of some sort or you could try to be a profesinal athlete or you could be a triner 
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4 years ago
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The salary foregone by a person who quits a job to start a business is an example of a(n) ________. Select one: A. depreciable c
Arturiano [62]

Answer:

C. opportunity cost

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For example, let us assume that Amanda leaves her job where she earns $250,000 to start a business where she earns $500,000. Her opportunity cost is $250,000 which is the salary she forgoes when she decided to start her business.

I hope my answer helps you

3 0
4 years ago
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In _____, managers evaluate how well the organization is accomplishing its goals. A. leadingB. planningC. organizingD. dissemina
Vlad1618 [11]

Answer:

Controlling

Explanation:

Controlling - As the word indicates, controlling is refers to the function of the manager in which he/she is seeking the performance of the subordinate. it helps to measure the growth of the project with respect to the assigned goal a then direct the corrective measure if an organisation is lacking in something.

the controlling process helps the manager to ensure the proper working of the ongoing project.

8 0
4 years ago
S4-14 Calculating the current ratio End of the Line Montana Refrigeration has these account balances at December 31, 2018: Accou
garri49 [273]

Answer:

2.24 times

Explanation:

The formula and the computation of the current ratio is shown below:

As we know that

Current ratio = Current assets ÷ current liabilities

where,

Current assets = Prepaid rent + office supplies + account receivable + cash  

= $2,500 + $1,300 + $6,600 + $3,500

= $13,900

And, the current liabilities is

= Account payable + salaries payable

= $3,600 + $2,600

= $6,200

So, the current ratio is

= $13,900 ÷ $6,200

= 2.24 times

3 0
3 years ago
Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.
Klio2033 [76]

Answer:

a) $37,500

Explanation:

In order to determine the depreciation for year 1  based on the units-of-production method, we apply the formula below:

Annual Depreciation= Depreciable Value × Units produced during the year /Estimated total production

Depreciable Value = Original cost – Scrap value

depreciable value=$300,000-$50,000=$250,000

Units produced during the year=6,000 hours

Estimated total production in hours=40,000 hours

first-year depreciation=$250,000*6000/40000

first-year depreciation=$ 37,500.00  

8 0
3 years ago
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