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Anuta_ua [19.1K]
4 years ago
10

Definition of scarcity

Business
1 answer:
Naddika [18.5K]4 years ago
7 0

Answer:

The state of being scarce or in short supply.

Example: A time of Scarcity.

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Along a given downward-sloping demand curve, an increase in the price of a good will: have no effect on consumer surplus. increa
tensa zangetsu [6.8K]
The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.
8 0
3 years ago
Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 540 Cost of goods manufactured
SVEN [57.7K]

un u get the numbers then subtract them and come good with the answer

4 0
3 years ago
given a cost of 70,000 now year 0 15,000 in year 10 an annual cost of 2000 and an annual revenue of 15,000 over 20 years n what
Damm [24]

Answer:

The maximium cost I would be willing to purchase the asset is 26.033,84‬ above this price the investment will not yield the 6% return.

Explanation:

We calcualte the present value of all cash flows:

annual cashflow:

15,000 revenue - 2,000 expenses = 3,000

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 3,000.00

time 20

rate 0.06

3000 \times \frac{1-(1+0.06)^{-20} }{0.06} = PV\\

PV $34,409.7637

Pv of the 10th year investment:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $15,000.0000

time  10.00

rate  0.06000

\frac{15000}{(1 + 0.06)^{10} } = PV  

PV   8,375.9217

present value of the cashflow

34,409.7637 - 8,375.92 = 26.033,84‬

3 0
4 years ago
In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number
Arlecino [84]

Answer:

Utility expense is excess debited in accounting record by $ 180 and credted to cash by $ 180, So the journal entry to adjust the bank reconcilation would be

Cash debit $ 180, utilities credit by $ 180

6 0
3 years ago
Answer the next question based on the following price and output data over a five-year period for an economy that produces only
GarryVolchara [31]

Answer:

$60

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Real GDP is output multiplied by base year price.

Real GDP = Price in year 2 × output in year 5

$3 × 20 = $60

I hope my answer helps you

3 0
3 years ago
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