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3 years ago

Scarcity can be eliminated if

Business

1 answer:

bogdanovich [222]3 years ago

6 0

Answer:

The scarcity is the key problem that the economics are trying to find an answer to and try to mitigate by making the resources more productive.

The scarcity arises because of 2 main factors,

The human wants are Unlimited
The resources available to satisfy these wants are Limited

In theory, if we need to "eliminate" scarcity complete we should either Limit our Needs or find an Unlimited source of resources we require.

However, these are not practical solutions.

So because of this, economics try to utilize technology and other factors to harness the full potential of resources and to use them optimally.

Explanation:

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Bev is opening her own court-reporting business. She financed the business by withdrawing money from her personal savings accoun

lianna [129]

Answer:

Option (d) is correct.

Explanation:

Here, the implicit cost is as follows:

Interest income she would have earned = $300

She would have a salary = $25,000

Total revenue from the business = $30,000

The total opportunity cost is as follows:

= Interest income + salary amount

= $300 + $25,000

= $25,300

Therefore,

Economic profits:

= Total revenue - Total Cost

= $30,000 - $25,300

= $4,700

Therefore, the Bev’s economic profit is $4,700.

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3 years ago

A sequence of frames or panels that depict a tv commercial in still form is called a(n) _____.

True [87]

Storyboard. This is used as a conceptual touchpoint prior to putting any investment into filming. It ensures the project is tracking favorably to the customer's expectation.

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3 years ago

Is anyone a Steelers fan? Or Washington FT fan

vodka [1.7K]

Answer:

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Explanation:

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3 years ago

Rodriguez Corporation issues 18,000 shares of its common stock for $174,800 cash on February 20. Prepare journal entries to reco

AleksAgata [21]

Answer:

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $144,000

Paid-In Cap. in excess of par $30,800

<u>Working</u>

Common stock = 18,000 * 8

= $144,000

Paid-in cap. = 174,800 - 144,000

= $30,800

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $174,800

Date Account Title Debit Credit

Feb. 20 Cash $174,800

Common stock $72,000

Paid-In Cap. in excess of par $102,000

<u>Working</u>

Common stock = 4 * 18,000 = $72,000

Paid in cap = 174,000 - 72,000 = $102,000

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3 years ago

explain on how the media can influence public opinion of sports personalities in both a positive and a negative way...

BabaBlast [244]

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3 years ago