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3 years ago

Which of the following questions must be asked about the use of resources

Business

1 answer:

amid [387]3 years ago

7 0

Answer:

B. What is the most effective allocation?

Explanation:

Economics is the social study of how society allocates its limited resources to meet the unlimited need of its members. It involves the distribution of scarce resources to various sections of the community to meet different wants. Economist's primary concern is the efficient use of the available resources to achieve maximum benefits.

Economics will involve making decisions on the use of available resources. Economists will calculate the opportunity cost in every situation before making a decision. The purpose of finding the opportunity costs to determine the most effective ways of allocating resources.

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Brian visited a local restaurant twice and on both occasions he received a discount of 10 percent on his bill. Which factor led

BaLLatris [955]

Answer: B

I think we can straight away get rid of answer choice c. From there, we can choose from either choice a or b. For repeatedly expressed, he hasn't been there enough times to prove it is repeatedly expressed, so I believe the main reason why he has a positive attitude is favorable outcome that he will receive the same treatment again.

8 0

3 years ago

Read 2 more answers

Listing the pros and cons for each of your options is a part of which step in the decision-making process?.

fenix001 [56]

Answer:

Listing the consequences of each option.

Explanation:

8 0

2 years ago

Consider the following transactions for Huskies Insurance Company:

PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0

2 years ago

In a country where only two goods are produced and consumed, the production and consumption of Good X results in external benefi

Fudgin [204]

Answer:

Would unregulated markets produce too much or too little of Good X and Good Y, compared to the efficient output levels for these products?

Explanation:

Good X: Too Little

Good Y: Too Much

8 0

3 years ago

For Tax Year 2019, amounts are indexed using the Chained Consumer Price Index for All Urban Consumers ("chained CPI"). What impa

Effectus [21]

Answer:

d. Using the chained CPI will not have a notable impact on 2019 tax returns.

Explanation:

when amounts are indexed using the chanined consumer price index, they increase slowly because there is a period to period connection in the consumer price index.

Therefore, The use of the chained consumer price index would have not have any significant impact on 2019 tax returns.

3 0

3 years ago