Hey friends
I believe the answer to this question would be A
Hope i helped
~Katie
Answer:
Scarce resources.
Explanation:
A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.
Hence, a proper allocation of scarce resources would improve the standards of living in a country.
Answer:
If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Explanation:
From the question, we are given the following:
mps = Marginal propensity to save = 0.12
The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:
mpc = 1 - mps ........................ (1)
Substituting the values for mps into equation (1), we have:
mpc = 1 - 0.12
mpc = 0.88
Also, we have:
Multiplier = 1 / mps ..................... (2)
Substituting the values for mps into equation (2), we have:
Multiplier = 1 / 0.12
Multiplier = 8.33
Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Answer:
Purchase= 14,500 pounds
Explanation:
Giving the following information:
the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds
Desired ending inventory= 2,500 pounds
To calculate the direct material purchase, we need to use the following formula:
Purchase= direct material for the period + desired ending inventory - beginning inventory
Purchase= 14,000 + 2,500 - 2,000
Purchase= 14,500 pounds
