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nirvana33 [79]
3 years ago
5

Which describes a situation in which a shortage occurs?

Business
2 answers:
Vaselesa [24]3 years ago
6 0
Consumers want more video-game systems than the company can make.
Dvinal [7]3 years ago
6 0

The correct answer is A. Consumers want more video-game systems than the company can make.

Explanation:

In the economy and related fields, a shortage occurs if the supply (units of a product available) is lower than the demand (consumers that want the product); this implies, the quantity of a product is not enough, and therefore just some consumers will be able to buy the product even if all want this product and can pay for it.

This situation occurs in "Consumers want more video-game systems than the company can make" because in this case, the number of consumers (demand) is higher than the number of video-game systems (supply) and therefore not all the possible consumers can have this product.

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When appraising a property your goal is:
Julli [10]

Answer:

b. Establish the most probable price that would be paid for a property under competitive market conditions

Explanation:

Property appraisal is the process by which real estate property value is estimated. It is an opinion by the appraiser of the value of a property at a particular period and in a particular market.

Real estate do not tend to be identical as such different properties will have different appraisal value.

Buyers can use property appraisal as a guide when paying for a property so that they can get get the most competitive price.

4 0
3 years ago
Grading the performance of minority group members by using lower standards and a patronizing attitude is called
postnew [5]
In my opinion, it is called subtle discrimination. Unlike blatant discrimination, which consists in openly humiliating a member of a minority based on their personal traits, subtle discrimination is much more perfidious, as it is not always easy to point finger at it or to legally assess it. Sometimes, it even happens as a consequence of seemingly good intentions. For example, if I use lower standards to grade Afro-Americans in a class of mixed students, it still means I assume they are less capable or educated, even if I do it because I know that they had been oppressed and had historically had less chance to educate themselves.
8 0
3 years ago
Swifty Corporation manufactures widgets. Bowden Company has approached Swifty with a proposal to sell the company widgets at a p
sveta [45]

Answer:D.$6480 Incremental cost

Explanation:

The cost of producing 100,00 units of wigdets are direct material plus direct labour and the overhead cost that will be eliminated if the widget is no longer produce by Swiftly which amounts to $17280.

This amount will be added because it's the amount of overhead directly attributable to the production of wigdets.

Additions of these cost leave the cost of manufacturing at $82,080.

Comparing this with the proposed sales price of $88560 means Swiftly will incur additional cost of $6480

4 0
4 years ago
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait
natka813 [3]

Answer:

Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600

Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160

6 0
3 years ago
If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00
Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

= 4,725 + 1,500

= $6,225

The profit would be:

= Revenue - cost

= 7,425 - 6,225

= $1,200

3 0
3 years ago
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