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Goshia [24]
3 years ago
14

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,

Business
1 answer:
dexar [7]3 years ago
6 0

Answer:

What to produce?

Explanation:

What to produce?

Due to the fact that resources are scarce, a producer has to decide what he wants to produce.

In the question above, the consumer has decided to produce consumer goods.

How to produce?

The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .

For whom to produce?

A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.

I hope my answer helps you

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Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
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Answer:

Explanation:

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Total Hours         7000 3000

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Which of the following best explains the implications of a vertical lras curve?
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Answer:

Answer B

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Consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. Both curren
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To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,

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The formula to calculate the price of the bonds today is attached.

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The correct answer is letter "A": the five forces framework.

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