The supplier has control over a resource that would be considered scarce, but not critical, as there are other forms of substitution similar to the natural resource.
<h3 /><h3>What is economic scarcity?</h3>
It corresponds to the gap between resources that are limited and the satisfaction of unlimited needs, being a problem that must be considered for sufficient resource allocation and strategic decision making.
Therefore, the causes of economic scarcity are induced by the demand and supply inherent to economic activity.
Find out more about economic scarcity here:
brainly.com/question/26856258
Answer:
5,200 units.
Explanation:
The actual capacity is the capacity planned while planning and building the plant. However, the plant is rarely able to operate at 100% capacity (usually due to safety measures) and it operates at an effective capacity, which should be considered when determining output. Given the effective capacity and the efficiency, the output (O) is:
The planned output is 5,200 units.
Answer:
Net Exports Increase and net capital outflow increases.
Explanation:
When Microsoft sells copies of Windows in Japan and then uses the proceeds from the sale to buy bonds from the Japanese government. From the perspective of the United States there is an increase in the net exports from the US, because copies of Windows which are a product of the US economy is being sold in Japan.
There will also be a net outflow of capital as a result of purchase of Japanese government bonds. The capital gained from the sale of copies of Windows is not returned to the US economy, but is rather invested in the Japanese economy.
Answer:
a. How many Alphas and Deltas should the company produce each month to maximize monthly profit?
b. If the company produces at the level found in requirement (a), how much will monthly profit increase over the current production schedule?
- $480 increase (or 75% increase)
Explanation:
Alpha Delta
Price $120 $150
Variable costs per unit
:
- Material $20 $35
- Labor $26 $37
- Overhead <u> $14 </u> <u> $14 </u>
Contribution margin per unit $60 $64
Fixed costs
:
- Manufacturing $8,000
- Marketing and administrative $5,000
- total $13,000
Machine hours per unit 2.0 2.5
Machine hours used 495
Machine hours available 500
Quantity produced 110 110
Maximum demand 150 150
Profit $640
Contribution margin per machine hour:
$30 $25.60
this means you should produce as many Alphas as possible = 150. Production of 150 Alphas will consume 300 machine hours and the remaining 200 hours can be used to produce 80 Deltas.
Monthly profit:
[(150 x $60) + (80 x $64)] - 13,000 = $9,000 + $5,120 - $13,000 = $1,120, which represents a $480 increase (or 75% increase)
The Piagetian process that was at work here in the given excerpt is accomodation.
<u>Explanation:</u>
The three basic components of the Piaget's cognitive theory are namely
1. Schemas - these are the building blocks of knowledge.
2. Adaptation process - this includes equilibrium, assimilation and accomodation.
3. Stages of cognitive development - former operational, concrete operational, preoperational and sensorimotor.
<u>Accomodation:</u>
The accommodation stage is when the existing knowledge (schema) doesn't work and it requires a change or an updation to deal with the upcoming situation.
Here, Dave makes an accomodation since his old school of thoughts did not fit in his present scenario.
