Answer:
the correct answer is A. There is no way to produce more of one good without producing less of another good.
Explanation:
In Economy, there is two principal variables, the goods and the resources to produce that goods. The term Efficient means the best way to produce one o more goods using less resources, it means that in teory, more resources you use, more goods you produce, but the resources are limited and they are distributed proportionally to produce in the most efficient way all the goods in an economy. So in order to produce more from one good, is necessary to take resources out from another productions, and doing so, the production of the second good will be diminished.
Answer:
The correct answer is letter "A": utility.
Explanation:
The Indifference Map or Indifference Curve determines the combination of two goods that will provide equal satisfaction according to their utility. If you want more of one good and less of another you would be willing to trade some of one for more of the other. Plotted in a graph's upper right quadrant an indifference curve shows the curve on which changing amounts of a product create equal satisfaction levels.
Answer:
Speed Wheels and the Insurance Company
The insurance company will pay Speed Wheels $14,200.
Explanation:
a) Data:
Insurance cover = $150,000
Insurance premium = $7,500
Insurance Claim = $14,200
b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.
Answer:
255 gallons
Explanation:
The level at Jackson & Jacinto Auto Repair should order more oil is the re-order point.
To calculate the re-order point, we require for Jackson and Jacinto.
Average daily usage
Delivery lead time ... which is three days
The average daily usage for oil is 510 gallons divided by six working days
= 510/6
= 85 gallons
Formula for getting the re-order point
= (average daily usage x delivery time)
= (85 x 3)
=255 gallons
They should re-order when they have a balance of 255 gallons
Answer:
The correct answer is letter "C": cash, accounts receivable, and inventory.
Explanation:
A company's assets represent all property the firm can use to generate income. Thus, assets imply talking about <em>cash, accounts receivable, inventory, pre-paid investments, buildings, land, machinery, </em>and <em>vehicles</em> among others. Assets can also be intangible such as <em>patents, trademarks </em>or <em>copyrights</em>. All of them are destined to increase the organization's value.
