Answer:
scarcity
Explanation:
Based on the information provided within the question it can be said that this scenario is causing the economic concept of scarcity to be applied. In the context of economics, this term refers to something that is being limited and thus creating a gap between the limited resource and the possible limitless wants/demand that may exist.
Answer:
C. None of these would be considered a fixed cost.
Explanation:
Fixed cost is a cost that do not vary with any level of output. It is a cost that does not change irrespective of an increase or decrease in a company's production output.
Example of fixed cost are interest payment on loan, payment of rent, depreciation and cost of land acquisition. All these costs remain the same no matter how high or low production output is.
As in the case above,
•The cost of rope would form part of the total cost (which is sum of all the cost expended by a company in certain production output) and NOT a fixed cost because the rope is used to prepare the final packaged product.
•The packaging material would also form part of the total cost. The cost expended on this material is what makes it a total cost as it forms part of the final production output.
•Employee wages would be regarded as variable cost(cost that vary with the level of output) because it is a production company, hence employee's wages will be dependent on the number of products they are able to produce.
B because the currency traders believe that value of rubber ruble was important
As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.
<h3>What is a
capitalism?</h3>
This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.
In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.
Read more about capitalism
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Answer:
Time Enough is a question mark.
Explanation:
In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.
Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.
