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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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8 0
3 years ago
On June 1, 2016, Skylark Enterprises, a calendar year LLC reporting as a sole proprietorship, acquired a retail store building f
fiasKO [112]

Answer:

Skylark Enterprises

The cost recovery is $___41,024___, and the adjusted basis for the building is $__358,976___

Explanation:

a) Data and Calculations:

Cost of retail store acquired = $500,000

Property acquisition date = June 1, 2016

Property disposal date = June 21, 2020

Length of use of property before disposal = 4 years and 21 days

Cost allocated to Land = $100,000

Cost allocated to Building = $400,000

Annual Depreciation expense = $10,256 ($400,000/39)

Cost recovery after 4 years = $41,024 ($10,256 * 4)

Adjusted basis for the building = $358,976 ($400,000 - $41,024)

b) The adjusted basis for the building is the cost of the building minus its accumulated depreciation for the number of years it has been in use.

4 0
3 years ago
The taxpayer’s marginal tax bracket is 25%. Which would the taxpayer prefer? a. $1.00 taxable income rather than $1.25 tax-exemp
Zepler [3.9K]

Answer:

option (d) $1.40 taxable income rather than $1.00 tax-exempt income

Explanation:

The taxpayer would prefer option (d) $1.40 taxable income rather than $1.00 tax-exempt income

The above statement will be chosen because in this case the after tax income will be greater than the tax exempt according to the condition given in the question

Given:

Marginal Tax bracket = 25%

thus,

Taxable income = $1.40

Tax = $1.40 × 0.25 = $0.35

Therefore,

The net income = Taxable income  - Tax = $1.40 - $0.35 = $1.05

and,

$1.05 > $1.00

4 0
3 years ago
In the current year, Hanna Company reported quality-assurance warranty expense of $195,000 and the warranty liability account in
Svetach [21]

Answer: the correct answer is $169,000

Explanation: the warranty expenditures during the year is $195,000 minus the increment in the liability account $26,000 equals $169,000.

4 0
4 years ago
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His
Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

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Amount of ordinary income allocated = $10,600

Now,

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= -$8,600

here, negative sign depicts there is a capital loss

8 0
3 years ago
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