All categories

3 years ago

Thomas Malthus’s predictions turned out to be wrong due to:

Business

1 answer:

just olya [345]3 years ago

8 0

Answer:

The correct answer is letter "A": technological advances such as those during the Industrial Revolution.

Explanation:

British Anglican clergyman and erudite Thomas Malthus (1766-1834) believed the<em> population would grow geometrically, while food production would grow arithmetically. In such a way scarcity will appear in the long run that will require a decrease in the birth rate</em>. However, Malthus's theory has been proven to be wrong so far due to the introduction of technological advances attributed to the Industrial Revolution by the second half of the 18th century which allowed mass-production of goods.

You might be interested in

In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:_______

pentagon [3]

In order for "limit pricing" to be effective, the firm practising such a strategy must be able to charge a price that is lower than the potential entrant's ATC but greater than the firm's own ATC.

Explanation:

A pricing strategy is a level where products are sold by a supplier at an expense that is cheap enough to make the market unprofitable for others. Monopolies use it in order to discourage market entry and in many cases it is illegal.

It is not able to sustain a monopolistic-ally profitable firm where P = MC and growth, with a long-run balance, generates an efficiency that approaches the minimum possible in an ATC business. Profit so long as potential customers can not enter the market.

5 0

3 years ago

Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If 9,000 units are on hand at

Lostsunrise [7]

Answer:

The answer is: $100,000

Explanation:

Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:

We were given the following data:

Jan. 1: 8,000 purchased at $11 per unit
June 19: 13,000 purchased at $12 per unit
Nov. 8: 5,000 purchased at $13 per unit

If the ending inventory had 9,000 units, then its total cost is:

Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)

Ending inventory = $88,000 + $12,000 = $100,000

3 0

3 years ago

Evaluation of the amount of costs incurred should be based on the actual volume of activity rather than the planned volume of ac

inna [77]

Answer:

False

Explanation:

The Performance Evaluation may be defined as the formal as well as a productive procedure to help measure the work of the employee and results is based on their job responsibilities.

For any performance evaluation, the cost that is actually incurred should not be compared to the cost which would have been incurred to the actual volume of the activity or work rather than the planned activity.

Thus the answer is false.

8 0

2 years ago

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,687; Accounts Receivable,

Agata [3.3K]

Answer:

The amount of stockholders' equity as of July 1 of the current year is $39,994

Explanation:

In John Wong, DVM, on July 1 of the current year:

Total asset = Cash + Accounts Receivable + Supplies + Land = $10,687 + $8,307 + $1,853 + $24,857 = $45,704

Liabilities = Accounts Payable = $5,710

Basing on accounting equation:

Total asset = Liabilities + Stockholders' Equity

Stockholders' Equity = Total asset - Liabilities = $45,704 - $5,710 = $39,994

7 0

3 years ago

You own a small deli that produces sandwiches, soups, and other items for customers in your town. Which of the following is a de

dexar [7]

Answer: You renovate the second floor of your building to increase the size of the dining room.

Explanation:

4 0

3 years ago