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IgorC [24]
3 years ago
13

Which of these statements demonstrate the economic concept of scarcity? check all that apply. all useful resources are limited i

n their supply. everyone is able to meet all their wants and needs the wants and needs of people are unlimited. resources are scarce, which explains why we are willing to pay for them. a large economy is able to eliminate the effects of scarcity. because of scarcity, individuals must make choices?
Business
2 answers:
Zigmanuir [339]3 years ago
7 0
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
adelina 88 [10]3 years ago
4 0

Answer:

All useful resources are limited in their supply.

The wants and needs of people are unlimited.

Resources are scarce, which explains why we are willing to pay for them.

Because of scarcity, individuals must make choices.

Explanation:

You forgot one :)

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Jingfei, an employee of Chinese origin, works as a sales representative at Global Recyclers International. Her supervisor, Ralph
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Answer:

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Explanation:

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6 0
3 years ago
Book Co. has 1.4 million shares of common equity with a par​ (book) value of $ 1.00​, retained earnings of $ 28.1 ​million, and
mash [69]

Explanation:

The computations are shown below:

a. The market value of equity is

= $50.96 per share × 1,400,000  shares

= $71,344,000

b. The market value of debt is

= $105% × $21,100,000

= $22,155,000

c. Now the weights are as follows

Weight of equity is

= $71, 344,000 ÷ ($71,344,000  + $22,155,000 )  

=  0.7630

And,

Weight of debt = 1 - 0.7630

= 0.237

5 0
3 years ago
If Adam orders a book from Store X, how much will he owe to the nearest cent? The tax rate only applies to the cost of the book.
Neporo4naja [7]

Answer:

$19.72

Explanation:

The costs associated with ordering from store X are

  • cost of the books $17
  • tax rate 6%
  • Shipping cost 10%

The total cost that Adam will pay

<u>a). cost of the book $17.00</u>

<u>b). 6% tax</u>

=6/100 x $17

=0.06 x $17

=$1.02

<u>c). The shipping rate 10% </u>

=10/100 x $17

= 0.1 x $17

=1.7

Adam will pay =$17 +$ 1.02 +$ 1.7

=$19.72

5 0
3 years ago
What are the different structures of the market
Tems11 [23]

Answer:

Perfect Competition, Imperfect Competition, Oligopoly, and Monolopy

Explanation:

There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly.

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what attracts you to jpmorgan chase, and specifically, an opportunity in the corporate analyst development program?
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J.P. Morgan takes great satisfaction in its distinctive strategy for corporate responsibility. It works to make a difference that will last in our neighborhoods and provide everyone an opportunity to climb the economic ladder.

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Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Does "private" imply "corporate"?

English definition of a private corporation. a corporation whose assets are never listed on a stock exchange and are owned be just one man or a small number of people, such as a family: The company is an privately held enterprise.

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