3 years ago

What is the definition of shortage in economics

1 answer:

7 0

Answer:

A shortage, in economic terms, is a condition where the quantity demanded is greater than the quantity supplied at the market price. There are three main causes of shortage—increase in demand, decrease in supply, and government intervention

You might be interested in

Companies can effectively market to teens by:

serious [3.7K]

Teenagers and young adults are more likely to view social networks as a valuable source of information. additionally, making products modern and convenient makes marketing to teens much more effective.

6 0

3 years ago

In the lesson, you learned about Dave and his bakery. It was mentioned that “in one hour of work, Dave can make either 60 donuts

MAXImum [283]

B. customers prefer donuts.

5 0

3 years ago

Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000

serious [3.7K]

Answer:

Equivalent Units Materials 10400

Equivalent Units Conversion 10960

Cost Per Equivalent Unit Materials $9.8365 

Cost Per Equivalent Unit D. Labor $ 7.2810 

Cost Per Equivalent Unit FOH $ 2.2992

Explanation:

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Complete 12000 100 100 12000 12000

Add EWIP 2000 100 20 2000 400

Less BWIP 3600 100 40 3600 1440

Equivalent Units 10400 10960 

In FIFO as the name suggests we take out the units first completed. So we deduct the Beginning Work in Process (BWIP) from the sum of completed units and ending work in process (EWIP).

Costs added during period: Direct materials Direct labor Factory overhead

(10,400 at $9.8365)

102,300 79,800 25,200

Equivalent Unit 10400 10960 10960

Cost Per Equivalent Unit $9.8365 7.2810 2.2992

3 0

3 years ago

It would be faster for a human resource manager to use a (an) (blank) to alert employees about a company picnic.

Galina-37 [17]

It would be faster for a human resource manager to use a phone to alert employees about a company picnic

3 0

3 years ago

Read 2 more answers

Many young people must do which of the following in order to acquire job training?

bekas [8.4K]

Answer:

The answer is D

Explanation:

In order to achieve your goals one will want to read about there chosen job.

7 0

3 years ago