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2 years ago

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

Business

1 answer:

Jobisdone [24]2 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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During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its o

SCORPION-xisa [38]

Answer:

B) Total assets increased by $200.

Explanation:

If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:

Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.

However it will not be correct to state that assets increased by $200 as there is no such indication.

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2 years ago

How to find national survey of 2000 adult citizens of a nation found that 23% dreaded valentine's day. the margin of error for

trasher [3.6K]

This means that the figure might be 6.2% percent of off and there is a 90% chance of the figure being correct to 6.2%

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3 years ago

Comparison of product features is part of the ____ phase of the decision-making process

slava [35]

The evaluating alternatives part of the decision-making process!

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2 years ago

Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her busines

koban [17]

Answer:

D. $38,000

Explanation:

The formula to compute the accounting profit is shown below:

Accounting profit = Annual revenue - Explicit cost

= $52,000 - $14,000

= $38,000

It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.

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2 years ago

A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent. This means the bank could have __________ i

OLga [1]

Answer:

$14,520 in check-able deposit liabilities and $117,480 in total reserves.

Explanation:

The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].

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2 years ago