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3 years ago

Unlimited wants + limited resources = what is the answer?

Business

1 answer:

denis-greek [22]3 years ago

3 0

Answer:

People never get enough of what they want or need

Explanation:

Unlimited wants and needs are one half of the basic troubles of scarcity that has troubled humanity since the beginning of time. The other half of the scarcity problem is limited resources. The reason why we always want something is because our brains are actually made to be attracted to novelty. So, we always seek ti learn new things and experiences.

(I hope this was accurate and helpful)

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Suppose you have drawn a consumer's budget line for food and clothing, with food on the x-axis. Which of the following events wo

riadik2000 [5.3K]

Answer: The correct answer is "a) Income increases.".

Explanation:

a) Income increases - An increase in income would cause more money to spend on food and clothing, so the budget line would be steeper.

b) Price of food increases , and c) Price of clothing increases. -An increase in both the price of food and clothing would cause (as long as Income remains the same) that less quantities of both goods can be acquired, because they would cost more, therefore they would make the budget line Minor.

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4 years ago

Whitney wants to become a cosmetologist. What academic requirements will she need to complete in order to find a job?

poizon [28]

She would need some science classes as for high school, but she would also need to go to beauty school and get her cosmologist license, and it also would depend on what she wants to do whether she wants to do hair or makeup or nails etc.

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3 years ago

Read 2 more answers

the workers in the united states,canada,the netherlands ,germany,and japan are the highest paid and most productive workers in t

kkurt [141]

It is because they do hard stuff and the economy is good.

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3 years ago

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ g

Rom4ik [11]

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the <u>C. Logic</u> guideline for effective communication.

A Stakeholder may be a wide variety of people impacted or invested in the task. As an example, a stakeholder can be the owner or even the shareholder. However, stakeholders can also be employees, bondholders, customers, providers, and companies. A shareholder can be a stakeholder.

The easy way to remember these 4 categories of stakeholders is by using the acronym UPIG: customers, providers, influencers, governance.

Stakeholders encompass all individuals or companies who have a vested interest in the performance of the business. It is vital that firms build healthful and balanced relationships with their stakeholders, as their stage of authenticity is determined by how properly they meet their stakeholders' needs.

Your question is incomplete. Please read below for the missing content.

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ guideline for effective communication.

a. tact

b. specificity

c. logic

d. relevance

Learn more about Stakeholders here brainly.com/question/4404879

#SPJ4

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2 years ago

Katie just turned 25 today. By her 60th birthday she would like to have $1,000,000 saved. She plans to invest equal annual payme

AlexFokin [52]

Answer:

The correct option is b. $6,304.11.

Explanation:

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount to have on her 60th birthday = $1,000,000

M = Annual payment or amount she needs to invest each year = ?

r = Interest rate = 8%, or 0.08

n = number of years beginning with her 27th birthday and ending on her 60th birthday = 60 - 27 + 1 = 34

Substituting the values into equation (1) and solve for M, we have:

$1,000,000 = M * (((1 + 0,08)^34 - 1) / 0.08)

$1,000,000 = M * 158.626670073155

M = $1,000,000 / 158.626670073155

M = $6,304.11014452251

Rounding to 2 decimal places, we have:

M = $6,304.11

This implies Katie needs to invest $6,304.11 each year to have exactly $1,000,000 by her 60th birthday.

Therefore, the correct option is b. $6,304.11.

4 0

3 years ago