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seraphim [82]
3 years ago
6

Tell me all the important stuff i need to know about scarcity in terms of Economics?

Business
2 answers:
zmey [24]3 years ago
6 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible

Explanation:

Hope this helps! Have a good day!

Nadusha1986 [10]3 years ago
4 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Explanation:

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The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it
crimeas [40]

Answer:

The required probability is 0.066807

Explanation:

Given,

σ = 220

μ = 1200

The probability that a random selection of computer which will have the price of at least $1,530 is computed as:

P (X ≥ 1530 ) = 1 - P (X ≤ 1530)

= 1 - P ( X - μ / σ)

= 1 - P ( 1530 - 1200 / 220)

= 1 - P ( z ≤ 1.5)

= 1 - 0.933193

= 0.066807

Note: This 0.933193 value is taken from the z table.

8 0
3 years ago
On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 90,0
tatiyna

Answer:

D) $600,000

Explanation:

The double-declining-balance method of depreciation = Depreciation factor x cost of asset

Depreciation factor = 2 x (1/useful life of the asset)

Depreciation factor = 2 / 5 = 0.4

Deprecation expense = 0.4 x $1,500,000 = $600,000

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
A ___________ is established when an individual confers legal title to property to another person or institution to manage the p
swat32

Answer:

personal trust

Explanation:

3 0
3 years ago
Question Number 3) Antonio, a mid-level manager at ABC Manufacturing, is negotiating supplier agreements with a Chinese firm in
Phoenix [80]

Answer: a. ethnocentric

Explanation:

Ethnocentric orientation refers to the use of one's own culture as the yardstick by which to measure and relate to other cultures.

An ethnocentric person would relate to people from other cultures the same way they relate to people from their culture because they believe the way their culture does things is the best way.

Antonio is negotiating deals with the Chinese firm the same way he would negotiate with his fellow Americans . This means that Antonio is adopting an Ethnocentric approach.

4 0
3 years ago
One example of a job benefit is:
Elden [556K]

Answer:

c

explanation:

5 0
3 years ago
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