1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dvinal [7]
3 years ago
14

The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio

ns:True False
Business
1 answer:
Solnce55 [7]3 years ago
7 0

Answer:

The correct answer is: True.

Explanation:

The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.

These resources are to be used rationally in such a way that total utility or consumption derived is maximized.

You might be interested in
Why do we need government support?
MrRa [10]

Answer:

Government is necessary because it keeps order and people from doing whatever they want

Explanation:

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

3 0
3 years ago
Read 2 more answers
Skyline Corp. will invest $130,000 in a project that will not begin to produce returns until the end of the 3rd year. From the e
koban [17]

Answer:

NPV = $23,146.99

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

The NPV can be calculated using a financial calculator:

Cash flow in year o = $- 130,000 

Cash flow each year in year 1 and 2 = 0

Cash flow each year in year 3 to 12 = $34,000

I = 12%

NPV = $23,146.99

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
3 years ago
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per m
lora16 [44]
Since you gave no table,

her federal income in 14 % Rate = 14 % x 2,100
                                                         = $ 294

Her federal tax in 16 % Rate = 16 % x 2,100
                                                 =  $ 336
4 0
3 years ago
Read 2 more answers
What is the first step she should take to solve her problem
lina2011 [118]
What is the problem?
3 0
2 years ago
Read 2 more answers
Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when
RUDIKE [14]
<span>The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.</span>
4 0
3 years ago
Other questions:
  • ​a decision maker whose utility function graphs as a straight line is
    11·1 answer
  • Nielsen purchases scanner data from retail transactions to compile, analyze, and resell to consumer packaged-goods firms so they
    9·1 answer
  • Vibgyor Inc., a manufacturer of smartphones, has entered into a 15-year partnership with a software company to develop sophistic
    5·1 answer
  • Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information
    8·1 answer
  • 1. Which of the following can be used as the cooking liquid for a stew?
    15·2 answers
  • The following transactions occurred during March 2018 for the Wainwright Corporation.
    13·1 answer
  • P &amp; G Auto Parts sells parts to AAA Car Repair during 2018. P&amp;G offers rebates of 2% on purchases up to $60,000 and 3% o
    9·1 answer
  • If you double the thickness of a wall built from a homogeneous material, the rate of heat loss for a given temperature differenc
    9·1 answer
  • The worst possible consequence of conflict is ______. A. Stress b. Hurtful words c. Damaged relationships d. Violence.
    13·1 answer
  • In which situation would a savings account be the be investment to earn interest
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!