1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Federal Reserve Banks directly affect the national economy by:
liubo4ka [24]
Increasing and decreasing money supply
3 0
3 years ago
Read 2 more answers
When a route in a transportation problem is unacceptable, the corresponding variable can be removed from the LP formulation. Tru
GenaCL600 [577]

Answer:

True

Explanation:

6 0
3 years ago
Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ5 at a price o
pantera1 [17]

Answer:

For the special order the company will not incur any additional fixed cost as the special order is within the normal range of production.

Sales ( 10000 * 5 ) 50000

(-) Direct materials ( 10000 * 1.75 ) 17500

(-) Direct labor ( 10000 * 2.50 ) 25000

(-) Variable overhead ( 10000 * 1.50 ) 15000

Income / (loss) (7500)

Required 1 :

Answer : Reject

Required 2 :

Answer : Decrease by 7500

3 0
3 years ago
How is planning made and why is it important​
lapo4ka [179]

Answer:

planning

Explanation:

it Helps to Set the Right Goals

In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal

8 0
3 years ago
Which of the following statements will an auditor most likely add to the negative from of confirmations of accounts receivable t
MrRissso [65]

Answer:

The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".

Explanation:

Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.

In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.

7 0
3 years ago
Other questions:
  • Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share. Assuming Luthe
    5·1 answer
  • A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts
    15·1 answer
  • Businesses typically enter into areas where there is competition. a. True b. False
    11·2 answers
  • If the demand for a product decreases, we would expect a equilibrium price and equilibrium quantity to both decrease. b equilibr
    12·1 answer
  • People who go on to get a _______ are considered experts in their field.
    14·1 answer
  • A firm can hire six workers at a wage rate of $8 per hour but must pay $9 per hour to all of its employees to attract a seventh
    15·1 answer
  • In 1923, koalas were introduced on kangaroo island off the coast of australia. In 1996, the population was 5000. By 2005, the po
    10·1 answer
  • Once we enter the region of diminishing returns,
    9·1 answer
  • Explained moral lessons for the life of Okomfo Anokye​
    11·1 answer
  • When making keep or replace decisions, management should consider the: (Check all that apply.)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!