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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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If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 uni
Lyrx [107]

Answer:

a) True

Explanation:

Sales = Opening + Production - Closing

$200,000 = $22,000 + Production - $24,000

Production = 202,000 Units

Hence, the answer is a. True

4 0
3 years ago
The strength of a cluster can be measured by comparing the average distance in a cluster to the distance between cluster centroi
swat32

Answer:

The options for this question are the following:

a. 1

b. 2

c. 0.5

d. 1.5

The correct answer is a. 1 .

Explanation:

Group analysis or grouping is the task of grouping a set of objects in such a way that the members of the same group (called a cluster) are more similar, in some sense or another. It is the main task of exploratory data mining and is a common technique in the analysis of statistical data. It is also used in multiple fields such as machine learning, pattern recognition, image analysis, information search and retrieval, bioinformatics, data compression and graphic computing.

Group analysis is not in itself a specific algorithm, but the task pending solution. Clustering can be done using several algorithms that differ significantly in your idea of ​​what constitutes a group and how to find them efficiently. Classical group ideas include small distances between members of the group, dense areas of the data space, intervals or particular statistical distributions. Clustering, therefore, can be formulated as a multi-objective optimization problem. The appropriate algorithm and the values ​​of the parameters (including values ​​such as the distance function to use, a density threshold or the number of expected groups) depend on the set of data analyzed and the use that will be given to the results. Grouping as such is not an automatic task, but an iterative process of data mining or interactive multi-objective optimization that involves trial and failure. It will often be necessary to pre-process the data and adjust the model parameters until the result has the desired properties.

7 0
3 years ago
A job was timed for 60 cycles and had an average of 1.2 minutes per piece. The performance rating was 95 percent, and workday al
Igoryamba

Answer and Explanation:

The computation is given below:

a) Observation time is

= Average time

= 1.2 minutes

b) Normal time is

= Observation time × performance rating

= 1.2 minutes × 0.95

= 1.14 minutes

c. The standard time is  

= Normal time × allowance factor

= 1.14 × 1.11

= 1.265 minutes.

The allowance factor is  

= 1 ÷ (1 -  Allowances)

= 1 ÷ (1 - 0.1)

= 1.11

8 0
3 years ago
Eric needs help with his credit problems. Which organization is considered a good, reputable source of information on how to sol
andrey2020 [161]

The correct answer is option (b) National Foundation for Consumer Credit (US) 

Credit problem solution can be provided by National Foundation for Consumer Credit (US).

<h3>What is National Foundation for Consumer Credit (US)?</h3>

A network of non-profit credit counselling groups operates nationally under the name of National Foundation for Credit Counseling (NFCC). People who have taken on too much debt can benefit from counselling in order to avoid filing for bankruptcy, which is one of the main services offered by NFCC member organisations.

If you need help with your money, contact Consumer Credit Counseling Services (CCCS), a membership organisation of regional nonprofit organisations. Consumer finance businesses, banks, credit card issuers, and other lenders all make voluntary contributions to CCCS.

Revolving credit and instalment credit are the two types of consumer credit. Revolving credit works similarly to a credit card in that the borrower is given permission to utilise a certain amount of credit whenever they need it.

To learn more about credit visit:

brainly.com/question/1475993

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8 0
1 year ago
whichh section of the policy analysis provides the overall content for the analysis by identifying key stakeholders and the
Alik [6]

The landscape section of the policy analysis delivers the overall context for the analysis by determining key stakeholders and the elements that must be considered when studying the problem.

<h3>What are types of policy analysis?</h3>

There are five basic methods of policy analysis: formal cost-benefit research, qualitative cost-benefit analysis, modified cost-benefit analysis, cost-effectiveness investigation, and the most typical type of policy analysis, multi-goal policy analysis.

<h3>What is the policy analysis process?</h3>

Policy Analysis is the procedure of identifying potential policy options that could address your problem and then corresponding those options to choose the most effective, efficient, and feasible one.

To learn more about the policy analysis process visit the link

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4 0
1 year ago
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