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3 years ago

How do the choices we make both producers and consumers help us with scarcity?

2 answers:

8 0

Scarcity refers to the gap between limited resources and theoretically limitless wants. Scarcity affects producers because they have to make a choice on how to best use their limited resources. On the other hand, it affects consumers because they have to make a choice on what services or goods to choose.

user100 [1]3 years ago

7 0

Answer:

Producers can choose fair prices and according to the consumer's income capacity, to avoid shortages. The consumer, on the other hand, can choose to consume various products and services.

Explanation:

In the economy, the term "shortage" refers to a situation in the market where a product has a very high demand and a very small supply in relation to that demand. As a result, this product, or service, does not appear on the shelves of the market becoming ezcasso. We have an example of this, occurring at that moment with the shortage of alcoholic gel products.

To avoid this shortage it is necessary for producers to offer a fair price for their products, in addition to increasing their production. On the other hand, consumers must consume the same product from different brands, in addition to not buying more than necessary.

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Assume that Corn Co. sold 7,600 units of Product A and 2,400 units of Product B during the past year. The unit contribution marg

Afina-wow [57]

,Answer: a. 9,450 units

Explanation:

You need to find the weighted average contribution margin for both products.

Product A

Weighted average contribution margin = Contribution margin * Units sold / Total units sold

= 34 * 7,600 / (7,600 + 2,400)

= $25.84

Product B

= 59 * 2,400 / 10,000

= $14.16

Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)

= 378,000 / (25.84 + 14.16)

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3 years ago

Ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. by how muc

ludmilkaskok [199]

If the ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account, then $ 1,287 is the amount for the money supply to increase if the fed lowers the required reserve ratio to 7%.

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3 years ago

Winchell wrote a contract that involves two separate performance obligations. Winchell cannot estimate the stand-alone selling p

Semenov [28]

Given :

Stand alone price of product B = $100

Price of the combined product = $120

To Find :

Stand alone price of product A

Solution :

Now,

Stand alone price of Product A = 120 - 100 = $20

The allocation ration for the product A and B =

Stand alone price of product A

Stand alone price of product B

20 = 1:5

100

Allocated to the performance obligation for delivering product A =

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So the answer is $ 17.1

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2 years ago

What level of government is most closely associated with zoning?

balandron [24]

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3 years ago

The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc

mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

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