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Minchanka [31]
4 years ago
11

People have unlimited desires but limited resources. Economics tries to understand how we make decisions in such a world of ____

__ resources.
Business
1 answer:
Afina-wow [57]4 years ago
8 0

Answer:

Scarcity, is the right answer.

Explanation:

Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.

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Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
gizmo_the_mogwai [7]

Answer:

Centralize decision making

Explanation:

From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.

Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.

5 0
3 years ago
The Sarbanes-Oxley Act was passed in an effort to:_________
KatRina [158]

Answer:

A)control corporate behavior

Explanation:

Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.

8 0
3 years ago
Andrews Co. can purchase 20,000 units of Part XYZ from a supplier for $18 per part. Andrews' per unit manufacturing costs for 20
trapecia [35]

Answer:

The answer is: Continue to make — $60,000 advantage.

Explanation:

We have to compare the current total costs with the total costs of buying the parts from a supplier.

Current costs

  • total variable manufacturing       $240,000
  • Supervisor's salary                         $60,000
  • Depreciation                                   $20,000
  • <u>Allocated fixed overhead             $140,000</u>
  • Total current cost:                        $460,000

Costs of buying the parts

  • total purchase price                     $360,000
  • Allocated fixed overhead             $140,000
  • <u>Depreciation                                   $20,000</u>
  • total costs for buying the parts   $520,000

Since buying the parts from a supplier is $60,000 more expensive than continue manufacturing ($520,000 - $460,000), Andrews Co. should continue as it is.

3 0
4 years ago
Knowledge Check 01 Zeta Corporation issues $100,000 of 8% bonds maturing in 10 years on January 1, Year 1, when the market rate
alexandr1967 [171]

Answer:

$106,595

Explanation:

Given:

Initial market rate = 9%

Dropped market interest rate, r = 7% per year

or

= 7% × [6 ÷ 12]

= 3.5% = 0.035

Remaining time, n = 9 years = 18 semi annual periods

Now,

Value of the bond at the retirement

= [ PVAF × Interest payment] + [ PVF × face value]

here,

Present value of annuity factor, PVAF = \frac{1 -(1+r) ^{-n}}{r}

or

PVAF = \frac{1 -(1+0.035) ^{-18}}{0.035}

or

PVAF = 13.189

And,

Interest payment = $100,000 × 8% × [6 ÷ 12 ]              [since, 8% bonds]

= $4000

Present value factor = \frac{1}{1.035^{18}}

= 0.538

par value = $100,000

= [13.189 × $40] + [0.538 × 100,000]

= 52,758.7316 + 53,836.114

= $106,595

Hence,

The correct answer is option $106,595

8 0
4 years ago
Consumers determine value of the product on the basis of _______. a. perceived satisfaction b. the opportunity cost to buy the p
nekit [7.7K]

Consumers determine value of the product on the basis of the opportunity cost to buy the product.

Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.

When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.

Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.

Learn more about opportunity cost here

brainly.com/question/8846809

#SPJ4

7 0
2 years ago
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