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2 years ago

Select the correct answer.

Business

1 answer:

BabaBlast [244]2 years ago

6 0

Answer:

The Exhaustible resources are scarce.

Explanation:

The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.

Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.

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Andrew paid $30 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Andrew

irinina [24]

Answer:

The total surplus from Andrew's sale to Nick is $35.

Explanation:

The total surplus is the sum of producer surplus and consumer surplus.

The consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price he/she actually has to pay.

While producer surplus is the difference between the minimum price a producer is willing to accept for a product and the price he/she actually gets.

Consumer surplus for Nick

= $80 - $60

= $20

Producer surplus for Andrew

= $60 - $45

= $15

Total surplus from generated from Andrew's sale to Nick

= $20 + $15

= $35

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Answer:

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Smart Stream Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and

weqwewe [10]

Answer:

A. $2,400,000

B. $36

C. $49

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the given problem

a. Ascertain the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones:

The total variable cost = $2,400,000

Variable cost per unit =$240

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b. Ascertain the variable cost mark-up percentage for cellular phones:

Compute the desired ROI per unit:

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Compute the Fixed co

An attached image in given for the calculations

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2 years ago