EB5.

Business

1 answer:

lord [1]2 years ago

7 0

Answer:

Material used 2,500

Direct labour 5,000

Overhead applied 200

Cost of goods sold 7,700

Explanation:

The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200 represents the overhead applied.

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Directions: Something that is valuable is scarce and give utility. Something that isn't value either doesn't give utility, or it

suter [353]

Answer:

Scarcity and Utility

I will explain the concepts of scarcity, value, and utility using my laptop and some writing pens. I have only one laptop available in my family. I use it 24-hours daily. I attach so much value (utility) to the laptop because it is only one. It is very scare in my household. On the other hand, I have a packet of writing pens. Pens are relatively not scare in my household. If my laptop is missing, I will raise uproar in the house. Everybody present will answer a tedious query. But, if one of the pens gets missing, I may not even be aware that it is missing. At the moment, I do not attach much value (utility) to the writing pens because I have many of them presently . Writing pens are not scare in my household, as I said earlier.

Using these examples, I have demonstrated the concepts of scarcity, utility, and value.

Explanation:

Therefore, scarcity is defined by the value and the relative availability of a good. Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs. Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.

Utility in Economics refers to the value or satisfaction derivable from the meeting of a human or economic need. It is initially connected to the concept of scarcity. But after attaining some level of utility, scarcity temporarily evaporates. And this is the dividing thin line. This is why they are mostly used together. "Something that is valuable is scarce and give utility." Something that is not highly valuable is not usual scarce and does not give much utility, at least, to an extent.

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2 years ago

Imagine that you are a management coach and one of your clients, a new manager, says, "I’ve heard that about two thirds of manag

Schach [20]

Answer:

I think 1 and 3

Explanation:

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2 years ago

Which statement best describes the role of a credit agency?

tekilochka [14]

Answer:

The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"

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The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Rele

natali 33 [55]

Option D. The term relevant range is the range over which Cost relationships are approximately linear.

<h3>What is relevant range?</h3>

This is the term that is used to refer to the assumption that the cost relationships are valid.

What this means is that the existing relationship between cost and any activity are linear, in a straight line.