1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The Allowance for Bad Debts has a credit balance of $ 7 comma 500 before the adjusting entry for bad debts expense. After analyz
Olenka [21]

Answer:

The amount of bad debt exp is 7000

Explanation:

Allowance for bad debt exp has a credit balance of 7500 before adjusting entry

Now the management wants to estimate the uncollectible accounts at 14500

So we have to increase the balance of the allowance account from 7500 to 14500

Like 14500-7500=7000

So we need to record the entry by 7000 to increase the amount of the allowance to 14500

The entry

Bad debt exp Dr. 7000

Allowance for doubtful accounts Cr 7000

Now the bad debt exp will be reported in the income statement by 7000

5 0
3 years ago
You place $4,00.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in account with an interest rate o
san4es73 [151]
You'll earn $761.90 in the acct of the $4,000
And you'll earn $333.33 on the acct of the2,000
So, yes the first one is the answer
6 0
3 years ago
Aberwald Corporation expects to sell 90,000 bags of lawn fertilizer annually. The optimal safety stock (which is on hand initial
UNO [17]

Answer:

Annual demand (U) = 90.000 bags

Cost of each bag = $1.50

Inventory carrying cost per unit(C) = $1.50 × 20% = 0 30

Ordering cost per unit (O) = $15

Part A)

EOQ = \sqrt{\frac{2UO}{C}}

EOQ = \sqrt{\frac{2 * 90000 * 15}{0.30}}

EOQ = \sqrt{9000000}

EOQ = 3,000

Part B)

Maximum inventory = EOQ + Safety inventory on hand  

Maximum inventory = 3000 + 1000

Maximum inventory = 4.000

Part C)

Average inventory = Maximum inventory + Minimum or Safety /2

Average inventory = 4,000 + 1,000 / 2

Average inventory =2,500

Part D)

How often company order = Annual demand / EOQ

How often company order = 90,000 / 3.000

How often company order = 30

4 0
3 years ago
Students will write a thorough explanation of the impact of price ceilings would have on the field of medicine in the United Sta
melisa1 [442]

Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.

However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.

For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.

Request: Can I please get brainliest

8 0
2 years ago
Neon Electronics Inc. sourced touch screens required for its tablet computers, cell phones, and televisions from a manufacturer
Nataly_w [17]

Answer:

C. backward vertical integration

Explanation:

Vertical integration is one in which the supply chain of a clothe producing company is owned by the

Backward integration is a type of vertical integration in which a firms starts to fill in the role it once designated to another in the manufacturing of its product. Backward vertical integration would see a company buying another to fulfill its needs as regarding production.

From the above question, it can be seen that due to the inability of the china firm to meet up with Neon Electronics Inc; it started to produce the touchscreens needed for the tablet computers.

Cheers.

3 0
3 years ago
Other questions:
  • Mirembe is interested in receiving income to help save money for her grandson's college education. She is considering investing
    5·1 answer
  • A company buys tracking software for its warehouse which, along with the computer system and ancillaries to run it, will cost $1
    7·1 answer
  • A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. the management decides to evaluate t
    11·1 answer
  • How can a nation benefit from effectively exporting its goods??
    16·2 answers
  • Lakeside Sheet Metal is downsizing and plans on completely closing 3 years from now. The firm's liquidation plan calls for annua
    6·1 answer
  • When does a product’s life cycle begin? A. once the product begins to lose customers B. once the product is successful in the ma
    11·1 answer
  • Is haccp a state code
    7·1 answer
  • Bob got a 30 year Fully Amortizing FRM for $1,500,000 at 4%, except with non-constant payments. For the first 2 years Bob will p
    5·1 answer
  • Any Indian here<br>Hiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii <br>Good morning ​
    8·2 answers
  • question content areawhat is one of the potential disadvantages of not allocating support department costs to production departm
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!