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miskamm [114]
3 years ago
12

Economics studies choices that arise from one fact. What is that​ fact?

Business
1 answer:
galina1969 [7]3 years ago
8 0

Answer:

D) Our resources are unable to satisfy all our wants

Explanation:

Scarcity is the main starting point for all economic studies. It is simple, all resources are scarce, and humans always want more and that need exceeds all the available resources.

Even the largest corporations in the world or the richest people have limited resources, their limits may be extremely large, but nonetheless the limits exist, e.g. Apple has $210.6 billion in cash, but only that amount.

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The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
Pani-rosa [81]

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 900 + 350 + 5*25= $1,375

6 0
4 years ago
As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mit
Tems11 [23]

To mitigate the <u>bargaining</u><u> power of suppliers</u> of the airline industry, karyn explores options for her company to manufacture its own airplanes.

<h3>What is bargaining power of suppliers?</h3>

Bargaining power of suppliers occur when companies or organization are under pressure  when the price of the product they purchase from a supplier increase or when their is scarcity of the product.

Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.

Therefore to mitigate the <u>bargaining</u><u> power of suppliers</u> the  company should  manufacture its own airplanes.

Learn more about Bargaining power of suppliers here:brainly.com/question/26500183

#SPJ1

7 0
2 years ago
When Ajax Co. produced 3 units of output per​ week, its total fixed cost was ​$100100 and total variable cost was ​$5050. When o
zimovet [89]

Answer:

$170

Explanation:

As we know that

Total cost = Total fixed cost + total variable cost

The total fixed cost would remain the same whether the production level increases or not but the case is not the same as the total variable cost. In total variable cost, the output will change as per the production level changes

When output was 4 units per week, The total cost would be

= Total fixed cost + total variable cost

= $100 + $70

= $170

8 0
3 years ago
Consider the following statements: "Inner-city household interviewing is especially difficult and expensive. This survey involve
stiks02 [169]

Answer:

d. a deductive argument

Explanation:

Deductive argument is one that is conveyed as the arguer to be seductively valid, and conclusions bare drawn from this argument.

So the argument here is that inner city household interviews are difficult and expensive.

Based on this argument, the fact that we are carrying out substantial inner city household interviews now will mean that they will be expensive.

The truth of the conclusion is dependent on the validity of the first argument.

8 0
3 years ago
List three ways Populist party proposed to expand the powers of the government in the united states​
agasfer [191]

They abolished the national banks they graduated the income tax system they enabled the election of the senators by the direct vote of the people the working day for eight hours and the postal banks were some of the main ideas proposed to expand the rule

Explanation:

This party was mainly developed in the idea of promoting the agricultural based products and they worked in improving the conditions of the people and the country

They had many goals and the most important among them was the coinage of silver the abolition of national banks and some schemes and they had many other policies which worked in the improvements in the lives of the people

5 0
3 years ago
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