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yaroslaw [1]
3 years ago
9

Scarcity in economics means that: A) we often do not have sufficient resources to achieve our objectives. B) the wants of people

are limited. C) there must be poor people in rich countries. D) shortages exist in nearly all markets.
Business
2 answers:
DanielleElmas [232]3 years ago
5 0

Answer:

A) we often do not have sufficient resources to achieve our objectives

Explanation:

Scarcity is an economic problem that comes with scarce resources and unlimited wants. In this situation people have to decide on how to allocate resources better so as to satisfy their need, which involves opportunity cost.

Scarcity occurs when resources needs to satisfy ends are limited in supply. It is a foundational problem in economics.

poizon [28]3 years ago
5 0

Answer:

The correct answer is letter "A": we often do not have sufficient resources to achieve our objectives.

Explanation:

Scarcity is the basic economic problem by which individuals have unlimited wants but count on limited resources to fulfill them. This situation pushes people to make trade-offs or give up part of the satisfaction of a need so other needs can also be satisfied.  

Scarcity pushes individuals and organizations to allocate their resources efficiently so they can maximize their utility.

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Trumbull Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Collection exp
Andreyy89

Answer:

Total cash receipts              194,760

Explanation:

We will calculate base on the budget number provided.

We will multiply the month sales revenue by the amount expected to be colelcted on september

The receipts from account receivable on september:

<u>60% of previous month:</u>

60% of August: 198,000  =  118,800

<u>36% from the second month:</u>

36% of July: 211,000        = <u>  75,960  </u>

Total cash receipts              194,760

5 0
3 years ago
Depending on the number of customer footfalls in each section, Glenn, the floor manager of an apparel store, shuffles the number
Doss [256]

Answer:

<em>The resource allocator role</em>

Explanation:

The role of resource allocator is among the four decisive management positions,  as its primary objective is on decision-making and implementation.

Knowledge of the resource allocator and other management positions makes it possible for both new,  trained and experienced supervisors to understand the work of a manager.

3 0
2 years ago
Peter pine is doing his budget. he discovers that he has spent an average of $225.00 a month on entertainment for the year with
Olin [163]

The z for $60.00 = -2.2

The percent of area associated with $60.00 = 48.6%

The z for $390.00 = 2.2

The percent of area associated with $390.00 = 48.6%

Adding the two percentages together, Peter calculates his answer to be: 97.2%

6 0
2 years ago
What is an advantage of using a comparsion method of assesment ?
stepan [7]
B (sorry if its wrong!!)
5 0
2 years ago
The risk-free rate is 2.3 percent and the market expected return is 12 percent. What is the expected return of a stock that has
andrew-mc [135]

Answer:

The expected return = 10.739.

Explanation:

Given risk-free rate of return = 2.3 per cent

Market expected return = 12 percent  

The value of beta = 0.87

Use the below formula to find the expected return.

The expected return = Risk free rate of return + Beta × (Market expected return - risk free rate of return)

The expected return = 2.3 + 0.87 (12 – 2.3)

The expected return = 10.739

7 0
3 years ago
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