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goblinko [34]
3 years ago
13

Explain the link between scarcity and opportunity cost.​

Business
1 answer:
Helga [31]3 years ago
5 0

Answer:

Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)

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Kamal, after completing his studies wanted to start his own business. However, his father Mr.Kishanlal discouraged him saying th
Maksim231197 [3]

Answer:

No, Kamal's father, Mr.Kishanlal is not justified in his point of view because although it is true that money is needed to start a new business but money is not that much necessary as many other things. To start a new business and make it a success, passion, new idea and determination is much needed. If you are passionate to start something new and provide people value then it will be very easy to become successful. You should have a new idea to start a business. You should provide people with ease with the help of your new idea and new product or service. People will definitely but your products and services if it is something of value. You should have an urge to be determinant. There are many entrepreneurs, who have not much money when they started a business, but with their passion and handwork they became successful i,e, Jeff Bozos, Bill Gates, Steve Jobs etc.

7 0
3 years ago
Bank of America’s _____________ provides information such as its interest expense, or the interest the bank paid depositors, and
OleMash [197]

Answer:

3. income statement

Explanation:

Bank of America’s income statement provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

5 0
3 years ago
Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $430 per ou
Zolol [24]

Answer:

the  cost of the platinum to be purchased on august is $663,920

Explanation:

The computation of the cost of the platinum to be purchased on august is shown below:

= (August production - july - september) × required ounces × cost per ounce

= (3,100 - 310 + 298) × 0.5 × $430

= $663,920

hence, the  cost of the platinum to be purchased on august is $663,920

4 0
3 years ago
To make the most of your time you should break up large projects into small pieces true or false​
Vesnalui [34]

true i think............

6 0
3 years ago
As the manager of the local Express Package Services, a retail shipping facility, DeAnna is evaluating the employees who work at
MrMuchimi

DeAnna is evaluating each of these employees in terms of their job performance.

<h3><u>Explanation:</u></h3>

Job performance refers to the ability of an employee in achieving the goals of an organisation. It is very essential for every employee in an organisation to perform well on their assigned roles and responsibilities for the success. The job performance of each and every employee of an organisation is related to its success.  

The performance of any job includes the employees meeting their deadlines on time, making good sales and also to build brand through a positive interactions with the customers. In the given situation, DeAnna evaluates the interactions of her employees with the customers, the sales they make and also the time they spend with the customers. Thus, DeAnna is evaluating each of these employees in terms of their job performance.

7 0
3 years ago
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