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Assoli18 [71]
3 years ago
7

Economic questions always deal with:

Business
1 answer:
Orlov [11]3 years ago
5 0

Answer:

D. choice in the face of limited resources.

Explanation:

Economic question always deal with the choice in the face of limited resources, since resources are limited and humans needs are unlimited. Resources are always limited, and economics deals with the choice to administrate the resources the best way possible.

When a person decides to assign a resource to a specific use, he is discarding its use for another purpose. This is known as the opportunity cost.

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Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software
tino4ka555 [31]

Answer:$4650

Explanation:

The cost that is recoverable is $30 per hour that was agreed as the hour to be spent in learning the soft ware. The sunk cost it's an irrecoverable cost that does influence decision making. When the agreed leaning cost of $30 per hr for 45hr of $1350 is deducted from the asking price of $6000 we have the $4650

6 0
3 years ago
If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales
Lady bird [3.3K]

Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.

Explanation: We can solve it with a simple equation:

200 000 = 240x - 1 200 000 - 110x

200 000 + 1 200 000 = 240x - 110x

1 400 000 = 130x

1 400 000 / 130 = x

10769, 23077 = x

We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077  = 200000 √

5 0
4 years ago
What are examples of professional organizations? Select four options.
hram777 [196]

1. American institute of architects

2. American medical association

3. Screen actors guild

4. American society of mechanical engineers  

you are very welcome!  

8 0
3 years ago
Read 2 more answers
Candy Cane Corporation (CCC) produces 100,000 boxes of candy bars per year which sell for $3 a box. If variable costs are $2 per
Natalija [7]

Answer:

A. shut down as fixed costs are not being covered.

Explanation:

Break-even point is a level at which the company has no profit no loss situation. Sales Excess from Break-even makes profit and short makes loss.

Sale Price = $3 per box

Variable Cost = $2 per box

Contribution margin = $3 - $1 = $1 per box

Fixed Cost = $125,000

Break-even point = $125,000 / $1 = 125,000 boxes

Sales  = 100,000 units

Short from Break-even = 125,000 - 100,000 = 25,000 boxes

Loss = $25,000 x $1 = $25,000

CCC should shut down because even fixed cost is not being covered it is short by $25,000. So this product is making loss.

6 0
4 years ago
A coffee company lowers the price of its one-pound bags of coffee from $10 to $9 and as a result, the quantity demanded increase
r-ruslan [8.4K]

Answer:

Slope = -1

Explanation:

Demand is buyers ability & willingness to buy at a price, time.

Demand Curve is graphical representation of quantity demanded at various prices at y axis, demand at x axis.

Slope = Change in Y i.e ∆Y / Change in X i.e ∆X

'Slope of Demand Curve' is a varied version of 'Price Elasticity of Demand' i.e quantity demanded responsiveness to change in price. Former shows relative change in quantity demanded over a change in price & latter shows change in price for a given change in quantity demanded.

Demand Curve Price at Y axis, Quantity at Axis, Slope= ∆Y/∆X becomes

= ∆P/∆Q. As per given details, ∆P/∆Q = (9-10)/(5-4) = -1/1 = -1

4 0
3 years ago
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