Answer:
city A = 3 members in the committee
city B = members in the committee
city C = 4 members in the committee
Explanation:
City A: 18,000 people
City B: 21,000 people
<u>City C: 22,000 people</u>
total 61,000 people
A seat in the committee will be assigned for every 6,100 people
city A = 18,000 / 6,100 = 2.95 ⇒ city A will get 2 + 1 = 3 members in the committee
city B = 21,000 / 6,100 = 3.44 ⇒ city B will get 3 + 0 = 3 members in the committee
city C = 22,000 / 6,100 = 3.61 ⇒ city A will get 3 + 1 = 4 members in the committee
2 + 3 + 3 = 8, there were 2 remaining committee members that should be divided using the size of the remainders: 0.95 > 0.61 > 0.44
Answer:
$45 trillion.
<u><em>Explain:</em></u>
The balance between total revenue and the dollar amount of total output arises from the role performed by profit. Profit works as a leftover from cumulative business acquisitions after all other expenses such as long dash wages or dash labor, rents, interests have to be paid. If the dollar value of total output is $500, and the total expenses for producing the output is $450, there is an economic profit of $50. Hence, total income must meet the value of the total output. Therefore, I can say that if one group of people spend, another combination of individuals will realize a profit.
Explanation:
Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.
<h3>How Microeconomics allocates scarce resources?</h3>
Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.
Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.
learn more about allocation of scarce resources:
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<span>This is, in fact, very true. Karl Marx believed that the wealth and financial gains available in the United States should have been better balanced throughout the population, however, Thomas Malthus believed the people who didn't have enough were a product of overpopulation.</span>
Answer: The value of the property is $156000.
Explanation: The value according to the cost approach is given by
(The estimated value of the land + The replacement cost of the house + additional improvements) - (Depreciation).
Therefore the calculation is:
<u>(33000 + 110000 + 20000) - (7000) = $ 156000.</u>