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olga55 [171]
3 years ago
15

What are the central concerns of economics?

Business
1 answer:
attashe74 [19]3 years ago
5 0
"<span>B) Resource use, production, and distribution of goods and services" is the correct answer. Economics is really a study of limited resources, and how people make choices. </span>
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Greg’s Golf Carts produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sale
Dmitry [639]

Answer:

$5,000 increase

Explanation:

Data provided as per the question is below:-

Contribution margin = $50

Increase units = 100

The computation of profit is shown below:-

Model 24 Sales Increase By 100 units

Profit will increase = Contribution margin × Increase units

= $50 × 100 units

= $5,000 increase

Therefore for computing the profit increase we simply multiply the contribution margin with increase units.

5 0
3 years ago
Lower Equitorial and Upper Equitorial are the same except Lower Equitorial has a larger capital stock. Both countries undertake
loris [4]

Answer:

both countries would have temporary increases in their growth rates, but the increase would be smaller in Lower Equitorial.

Explanation:

Capital Stock represents the plant, equipment, infraestructure and other assets that help with production

So a larger capital stock implies more factories, more equipment and assets in favor of Upper Equitorial.

The capital increase the productivity. so the growth rate will be smaller in lower equitorial

8 0
3 years ago
The Income Statement for Pumpkin Co. is shown below:
Alik [6]

100000875466555547899977

5 0
3 years ago
What resources are required to have a successful business?
schepotkina [342]

Answer:

work nice be success in your life I don't know answer

7 0
3 years ago
Read 2 more answers
A product is invented in Country X and is first manufactured there. The International Product Life Cycle Theory holds that the p
kirza4 [7]

Answer:

False

Explanation:

International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :

  • Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
  • Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
  • Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
  • Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.

So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).

7 0
3 years ago
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