All categories

4 years ago

Once something is considered scarce, it is scarce forever. A. True B. False

Business

1 answer:

Alex Ar [27]4 years ago

4 0

Answer:

False.

Explanation:

Something that is scarce is not extinct. Therefore, that scarce item can always come back plentiful with due time.

You might be interested in

You are applying for jobs at two companies. company a offers starting salaries with $31,000 and $1000. company b offers starting

nekit [7.7K]

Company B will more than likely offer 33,000 because they are willing to go above 5000 dollars in negotiations. The other company is only willing to negotiate up to 1000.

5 0

4 years ago

Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec

Pepsi [2]

Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

It is computed as follows:

FV = PV (1+r)^n

FV = Future Value, PV = present value, r- interest rate, n- number of years

<em>Future value of $7500 after 3 years:</em>

FV = 7500× (1.08)^3 = 9,447.84

<em>Future Value of $9000 after 2 years:</em>

FV = 9000 × (1.08^2) = $10,497.6

<em>Future value of $12,500 after 1 year:</em>

FV = 12500× 1.08 = $13,500

The future value of these cashflows at the end of year 5

= 9,447.8 + 10,497.6 + 13,500

= $33,445.44

7 0

3 years ago

Read 2 more answers

Explain way economic deals with allocation and efficient utilization of scarce resources only?

solniwko [45]

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:

brainly.com/question/6107102

#SPJ1

3 0

2 years ago

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13

horsena [70]

Answer:

Contribution per unit

= Selling price - Variable cost per unit

= $27 -$13

= $14

Contribution margin ratio

= Contribution per unit

selling price

= $14

$27

= 0.518518518

Break-even point in dollars

= $1,400

0.518518518

= $2,700

Explanation:

Break-even point in dollars equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.

4 0

4 years ago

What is a career cluster for cook

MAVERICK [17]

Baker,chef,personal cook,professional chef,and many others

4 0

3 years ago