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3 years ago

How do we apply economic decision making to resources which have alternative uses?

Business

1 answer:

Jobisdone [24]3 years ago

8 0

Answer:

Almost all resources can be called the scarce. As you are using scarce you have to use scarce inherently for one purpose

Explanation:

Economic decision making to the resources have different alternative uses of those resources. For example If a city wanted to build a cricket ground then the alternative of this resource is to be leave the land. The fundamental phenomena of economy is scarcity.

From then the resources are scarce, it is said the uses of the resources can make a decision that could make a decision to use it.

for example to make beverage you have to make some scarce resources. Opportunity cost is another alternative resources that is used by people to grow their economy

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Suppose there was a large increase in net exports. if the fed wanted to stabilize output, it could?

laila [671]

If the FED want to stabilize output then FED has to decrease the money supply if the net exports were increased.

Given that there was a large increase in net exports.

We are required to advise the FED about the work he should do to stabilize the output.

The increase in exports shows that there had huge amount of money in the economy. So to stabilize the output FED has to decrease the output and to decrease the output FED has to decrease the money supply.

FED can decrease the money supply in various ways as under:

Increase in interest rate.
Selling of government securities.

There are many more ways to decrease the money supply. When the money supply decreases the people in the country may not be able to produce more goods and the production of goods decreases.

Hence if the FED want to stabilize output then FED has to decrease the money supply if the net exports were increased.

Learn more about money supply at brainly.com/question/3625390

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3 0

2 years ago

An intangible asset

Rom4ik [11]

Answer:

a. derives its value from the rights and privileges it provides the owner.

Explanation:

The intangible asset are those assets that cannot be touched or seen that means it does not have any physical substance

In this, the amortization expenses are recognized.

The intangible assets consist of patents, copyrights, goodwill, and other intellectual proprieties.

Moreover, it is categorized on the asset side of the balance sheet

and the operating cycle contains only days inventory outstanding + days sale outstanding so the intangible asset does not relevant.

3 0

3 years ago

g Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase i

IgorLugansk [536]

Answer:

50.16%

Explanation:

The percentage increase in sales from the preceding year to the current year can be calculated as:

$\frac{P_c-P_p}{P_p}\cdot 100$

where:

$P_c$ is the sale for the current year

$P_p$ is the sale for the preceding year

From the sales data of this problem, we have:

$P_c=\$764,442$ (current year)

$P_p=\$509,074$ (preceding year)

Therefore, the percentage increase in sales is:

$\frac{764,442-509,074}{509,074}\cdot 100=50.16\%$

5 0

3 years ago

Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment

sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0

4 years ago

15 POINTS-!-!-!<br><br>Inflation increases if people spend less or more?

Anarel [89]

Inflation is an increase in prices so the answer would be more

8 0

3 years ago

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