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Katena32 [7]
3 years ago
7

Economics can be described as the study of how people use ________ resources to satisfy ________ wants.A) unlimited; unlimitedB)

unlimited; limitedC) limited; unlimitedD) limited; limited
Business
1 answer:
Masteriza [31]3 years ago
5 0

Answer:

C) limited; unlimited

Explanation:

Economics can be described as the study of how people use limited resources to satisfy unlimited wants.

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The Fashion Shoe Company operates a chain of women’s shoe shops that carry many styles of shoes that are all sold at the same pr
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Shop 48's new break-even point in unit sales is 14,000 units and dollar sales is $420,000.

<h3>Break even point in units and sales</h3>

Break even point in units sales

Break even point= Fixed cost /Contribution per units

Break even point=$210,000/ ($30-15)

Break even point=$210,000/ $15

Break even point=14,000 units

Break even point in dollar sales:

Break even point in dollar sales =14,000 ×$30

Break even point in dollar sales=$420,000

Therefore Shop 48's new break-even point in unit sales is 14,000 units and dollar sales is $420,000.

Learn more about break even point in units and sales here:brainly.com/question/15281855

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3 years ago
Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.
Lana71 [14]

Answer:

Money multiplier, MM = (1 + Currency-deposit ratio) / (Currency-deposit ratio + Excess reserve ratio + Required Reserve ratio)

(a) Initially,

MM = (1 + 0.25) / (0.25 + 0.05 + 0.10) = 1.25 / 0.4 = 3.125

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MM = (1 + 0.3) / (0.3 + 0.05 + 0.1) = 1.3 / 0.45 = 2.89

(c) Excess reserve ratio rises to which number? MM cannot be computed unless exact number is provided.

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3 years ago
What are the weaknesses of the cash payback approach? A. It uses accrual-based accounting numbers B. It ignores the time value o
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D. Both (B) and (C) are true

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Cash payback approach is helpful to know the number of years, project would take to recover the initial investment. It could be calculated by dividing initial investment by cash flow per year. It is very simple and easy approach to compare projects and find number of years to recover the initial investment. The most serious weekness of cash payback approach is, it ignore the time value for the money, it also ignore project profitablity and project`s return on investment.  As according to cash payback approach, it consider projects with short payback time as profitable and thus ignore useful life of alternative projects.

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