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Sergeeva-Olga [200]
3 years ago
7

Economics can be defined as the study of?

Business
1 answer:
bazaltina [42]3 years ago
7 0
For whom resources are allocated to increase efficiency. economics can as well be described as the production, distribution and consumption of goods and services. scarce resources that have alternative uses 
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MariettaO [177]
There’s no problems in the writing
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Question 6 of 10
earnstyle [38]

Answer: A. Can I afford this?

Explanation: A P E X

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3 years ago
22) BS Company is considering eliminating the following product line: Product AXP Sales $ 80,000 Less variable costs: Raw materi
Naily [24]

Answer:

Avoidable costs= $60,000

Explanation:

Giving the following formula:

Raw materials 50,000

Direct labor 10,000

Facility-level costs allocated to products 30,000

<u>We were not provided with information regarding the fixed allocated costs. If none of the fixed allocated costs are avoidable, only the variable cost will not be incurred if the product is eliminated.</u>

Avoidable costs= $60,000

8 0
3 years ago
Question 433 pts Implementation of the law Group of answer choices is typically done by the members of Congress. is typically au
Eddi Din [679]

Answer:

Implementation of the law Group of answer choices requires judgment because laws are often very vague.

Explanation:

Originally, The Executive arm of government is supposed to implement the law while the congress which is also called the legislative arm enacts them.

However, It is necessary for the judiciary to interpret the laws since the executive arm tends to abuse their privileges thereby failing to implement the law.

The law is vague and is often subject to interpretation. The judges constitute a neutral body that balances power in government by passing judgement on erring officials and the entire citizenry thereby making implementation of the law possible.

7 0
3 years ago
The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2
mars1129 [50]

Answer:

   A                              B              C               D

Production Costs :    2004   -   2005   -   2006

Gauss Grip :             $2,300 -  $2,700  -  $2,900

Air Gauss :                $1,900 -   $2,200 -  $1,700

Gauss Gel :               $2,000 -  $2,500 -  $1,800

Profit :                          2004   -   2005   -   2006

Gauss Grip :             $12,000 - $16,000 - $18,000

Air Gauss :               $10,000 - $14,000 -  $16,000

Gauss Gel :              $11,000  - $16,000 - $14,000

As we know:

Revenue = Cost + Profit

*Proper Matrix format is also attached in the picture with this answer.

Production Costs :    2004  2005  2006

                                  \left[\begin{array}{ccc}2300&2700&2900\\1900&2200&1700\\2000&2500&1800\end{array}\right]

Profit :                         2004  2005  2006

                                \left[\begin{array}{ccc}12000&16000&18000\\10000&14000&16000\\11000&16000&14000\end{array}\right]

Revenue :         2004               2005               2006

                  \left[\begin{array}{ccc}2300+12000&2700+16000&2900+18000\\1900+10000&2200+14000&1700+16000\\2000+11000&2500+16000&1800+14000\end{array}\right]

Revenue :                2004   2005   2006

                             \left[\begin{array}{ccc}14300&18700&20900\\11900&16200&17700\\13000&18500&15800\end{array}\right]

4 0
3 years ago
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