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siniylev [52]
3 years ago
7

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

Business
2 answers:
marshall27 [118]3 years ago
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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3 years ago
If you were to deposit $1,000 into an account that paid 10 percent
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4 years ago
Read 2 more answers
If product costs are misclassified as selling costs, the average cost per unit will be understated.a. Trueb. False
gladu [14]

Answer:

Product costs are mostly prime costs (Variable cost). Now lets check where this misclassification occurs.

There are 3 stages of absorption costing.

Stage 1: Allocation

Stage 2: Apportionment

Stage 3: Absorption

Misclassification of product cost of product A occurs at Stage 1.

This means that the share of product cost of A, which is misclassified as selling cost will be equally shared with other products in the stage 2. This sharing of cost will lower the average cost per unit of product A and increase the average  cost per unit of other products. Hence, Its true.

5 0
3 years ago
__________ makes it possible for Ford to invest $60 million in a Mexico City manufacturing plant to produce smaller cars and lig
Dmitriy789 [7]

Answer:

The North American Free Trade Agreements

Explanation:

The reason is that the free trade agreements eliminates the price escalation which is imposed by the other countries on importing these goods. So as a result the market becomes less attractive to the company because its product are not able to compete in that environment. The FTA helps organizations to use the resources of other countries with which the country has free trade agreements to lower its costs to compete competitors. The vital resource in Mexico is cheap labor cost and America has one of the best technologies in the world.

7 0
4 years ago
Porter Corporation owns all 40,000 shares of the common stock of Street, Inc. Porter has 80,000 shares of its own common stock o
damaskus [11]

Answer: 5.05 per share

Explanation:

.Porter. Street

$,000 $,000

Net income. 264. 236

Less amortization 0. 12

Less Interest. 48. 36

Total. 216. 188

*=. 216+188= 404/80000shasres

=5.05

The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.

6 0
3 years ago
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