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3 years ago

8

_____ exists because people's wants for goods and services are greater than the number of products that can be made from availab

le resources.

1 answer:

seropon [69]3 years ago

3 0

Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources

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Item1 1 points eBookPrintReferences Check my work Check My Work button is now enabledItem 1Item 1 1 points Assume the perpetual

artcher [175]

Answer:

$11,510

Explanation:

Calculation for the gross margin amount from the four transactions

First is to find the Cost of goods sold

Cost of goods sold = ($13,900 - $3,400) × (100%-2%)

Cost of goods sold=$10,500*0.98

Cost of goods sold=$10,290

Last step is to find the gross margin amount using this formula

Gross margin amount=Sales revenue - Cost of goods sold

Let plug in the formula

Gross margin amount=$21,800-$10,290

Gross margin amount=$11,510

Therefore the gross margin amount from the four transactions will be $11,510

3 0

3 years ago

In voluntary exchange, if the seller of a product gains,

Ber [7]

The answer to this question is C. The buyer must also gain; Mutual gain provides the foundation for exchange.

6 0

3 years ago

When a firm decides to use skilled professionals to produce its output, what question is the firm answering? When a firm decid

Stella [2.4K]

Answer:

The correct answers are "How?"; "What?"; and "Who?" respectively.

Explanation:

To begin with, in the economics science there is a big importance that the professionals of the area give to answering the questions mentioned before. Those questions are: "What to produce?"; "How to produce it?" and "To who we produce it to?". And the importance in that resides in the fact that the economy itself as a whole and therefore the companies and small producers among them need to understand what are they going to produce for the economy, to who they will sell it to and how will the produce it.

In conclusion, when the firm decides to use skilled professionals to produce its output they are answering the question of "How?". When the firm decides to produce organic fruit rather than non dash organic fruit, then they are answering the question of "What?". And the when the firm finds out who gets the goods and services that are produced, they are answering the question of "Who?".

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3 years ago

Stopping a vehicle with good brakes from 20 miles per hour under good conditions requires about:

Anuta_ua [19.1K]

About 40 jewls of power in the other direction

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3 years ago

The accounting records for Social Event Planning Services include the following select unadjusted balances on December 31, 2018

blsea [12.9K]

Answer:

$18,500

Explanation:

The computation of the balance of Service Revenue shown on the adjusted trial balance is shown below:

= Service revenue ending balance + accrued value

where,

Accrued value = $1,500 ÷ 3 = $500

And, the service revenue ending balance is $18,000

So, the Service revenue balance equal to

= $18,000 + $500

= $18,500

This is the answer but the same is not given in the options mentioned in the question.

3 0

3 years ago