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3 years ago

18. Which group of words best describes wants?

Business

1 answer:

Nitella [24]3 years ago

4 0

Answer:

B. unlimited, changing, and competing

Explanation:

Wants are the desire to have or own goods and services that give satisfaction. A want is a wish to possess something. The wish or desire may be fulfilled or not. Satisfying wants is through the consumption of goods and services. Consumers have an unlimited desire to have goods and services that have high utility value.

Wants differ in different people depending on their culture , age, social status, gender, and several other factors. Satisfying one need is depended on the individual's willingness and ability to pay for the goods or services that satisfy that need. Satisfying wants requires resources. Because human needs have unlimited wants, it is almost impossible to satisfy all wants with limited resources. Due to the scarcity of resources, competition arises to satisfy the many wants with the available resources.

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A merchant has coffee worth $30 a pound that she wishes to mix with 80 pounds of coffee worth $90 a pound to get a mixture that

Naddika [18.5K]

Answer:

You need 40 pounds of the $30 coffee.

Explanation:

You need to calculate a weighted average for the $30/pound coffee and $90/pound coffee and equalize it to $70:

$\frac{x*30 + 80 pounds * 90}{x+80} = 70$

$30x + 7200 = 70(x +80) = 70x + 5600$

$40x = 1600$

$x = 40$

3 0

3 years ago

Dredgers, Inc., is the major wholesale distributor of heavy equipment in the state of Georgia. Its closest competitor is Excavat

grin007 [14]

Answer: Market division

Explanation: When two major competing firms in an industry divide the market among themselves, then such division is called market division.

Market division is done by firms to prevent loosing of customers due to irrelevant competition. Under this scheme firms divide customers on the basis of geography, scale or any other type. In the given case it is done by geographical area .

7 0

3 years ago

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the

xenn [34]

Answer:

The capitalized cost = $187,600

so correct option is C. $187,600

Explanation:

given data

cost = $180,000

terms of 5/15, n/45

Shipping costs = $4,600

insurance in transit = $200

Installation costs = $12,000

wall and rebuilding = $4,000

to find out

The capitalized cost of the 10-ton draw press is

solution

we get here The capitalized cost that is express as

The capitalized cost = Purchase price + Shipping Costs + Installation costs ......................1

so here Purchase price is = $180,000 × ( 100% - 5% )

so that

The capitalized cost = ($180,000 × 95%) + $4,600 + $12,000

The capitalized cost = $187,600

so correct option is C. $187,600

5 0

3 years ago

Assume that demand increases from D1to D2; in the new long run equilibrium, price settles at a level between P1and P2This means

aksik [14]

Answer:

The answer is B. Increasing

Explanation:

An increasing-cost industry is an industry whose costs for production increase as more companies compete.

Why is this so? - This is because each new company in the industry increases its demand for supplies and factors needed for production.

A decreasing‐cost industry is one where costs of production reduces as the industry expands.

6 0

4 years ago

Manipulation Manufacturing's (AMM) standards anticipate that there will be 5 pounds of raw material used for every unit of fini

gregori [183]

Answer:

price variance: 13,050 favorable

quantity variance: -1,760 unfavorable

Explanation:

standard quantity 5

standard price 1.1 per pound

actual quantity for 4900 units

$beginning \: inventory + purchases = ending \: inventory + used$

8000 + 25,500 -7,400 = 26,100 pounds

standard quantity 4,900*5= 24,500

actual price 15,300/25,500 = 0.60

standard price = 1.10

$price \: var = actual \: pounds(STD \: price - actual \: price)$

$26100(1.1 - 0.6) = 13050 \: favorable$

Because actual is lower than STD the company saved money spending. It is favorable.

$quantity \: var = STD \: price(STD \: quantity - actual \: quantity)$

$1.10(24500 - 26100) = - 1760 \: unfavored$

Because the company used more pounds than STD the quantity variance is unfavorable

8 0

3 years ago