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
kati45 [8]
3 years ago
9

Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their

nature at all times, temporary or seasonal, or artificially created. For each of the following goods and resources, indicate whether the good is artificially scarce, inherently scarce, scarce on occasion, or not scarce.
A. Holiday lights in mid-December: (Click to select)Artificially scarceScarce on occasionNot scarceInherently scarce.
B. Air regardless of quality: (Click to select)Inherently scarceArtificially scarceScarce on occasionNot scarce.
C. Land: (Click to select)Scarce on occasionInherently scarceNot scarceArtificially scarce.
D. Patented goods: (Click to select)Scarce on occasionNot scarceArtificially scarceInherently scarce.
E. Original Picasso paintings: (Click to select)Inherently scarceArtificially scarceNot scarceScarce on occasion.
Business
1 answer:
Lera25 [3.4K]3 years ago
8 0

Answer:

A. Holiday lights in mid-December: Scarce on occasion: Holiday lights are only scarce on holiday season when the demand increases.

B. Air regardless of quality: Not scarce : Only high quality air (clean) is scare.

C. Land: Inherently scarce: No matter what we do, our planet is only one.

D. Patented goods: Artificially scarce: Patents are scarce because a law protects them.

E. Original Picasso paintings: Inherently scarce: Picasso is dead, so he cannot paint anymore.

You might be interested in
The following information for the past year for the Blaine Corporation has been provided:Fixed costs:Manufacturing$ 125, 000$125
natima [27]

Answer:

D. 76.6 %

Explanation:

Contribution Margin Ratio = Contribution / Sales × 100

<em>First Calculate the Contribution</em>

Contribution = Sales - Variable Costs

                     = (60,000 units × $ 12.40) -  ($110,000+$30,000+$34,000)

                     = $744,000 - $174,000

                     = $570,000

<em>Then Calculate Contribution Margin Ratio</em>

Contribution Margin Ratio = $570,000 / $744,000 × 100

                                           = 76.61290

                                           = 76.6 % ( 1 decimal)

5 0
3 years ago
Cobe Company has already manufactured 23,000 units of Product A at a cost of $25 per unit. The 23,000 units can be sold at this
zysi [14]

Answer:

It is more profitable to continue processing the units.

Explanation:

Giving the following information:

Product A:

Units= 23,000

Selling price= $420,000

Continue processing:

Product B= 6,000 units sold for $106 each

Product C= 11,900 units sold for $52 each

Total cost= $280,000

We need to calculate the effect on the income of both options and choose the most profitable on<u>e. We will not take into account the first costs of Product A because they are irrelevant.</u>

Option 1:

Effect on income= $420,000

Option 2:

Effect on income= (6,000*106) + (11,900*52) - 280,000

Effect on income= $974,800

It is more profitable to continue processing the units.

7 0
3 years ago
What basically compares what an individual owes compared with how much they earn monthly?
STALIN [3.7K]

Answer:

C. Debt to Income Ratio

Explanation:

The debt to income ratio (DTI)provides a picture of the level of debts of a borrower. The DTI is usually expressed as a percentage of gross income. A high debt to income ratio indicates a person spends a high percentage of income on paying debts.

Lenders use the debt to income ratio to assess a borrower's ability to repay debts. Individuals with low DTI are preferred to those with a high one.

3 0
3 years ago
Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cas
lubasha [3.4K]
<span>Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cash value. His plan is a whole life policy.</span>
5 0
2 years ago
What is the nash equilibrium for this​ game?
NeTakaya
<span>The  nash</span> equilibrium would be A. <span> bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.</span>
4 0
3 years ago
Other questions:
  • Carla Vista Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses t
    5·1 answer
  • Zang Co. manufacturs its products in a continuous process involving two departments, Machining and Assembly. The following trans
    6·1 answer
  • Check #1111 for $19.72, check #1112 for $9.50, and check #1113 for $35.00 have not cleared the bank. what is the total amount of
    13·1 answer
  • There are four categories of ___________ brands: premium, generic, copycat and exclusive co-brands.
    13·1 answer
  • Due to erratic sales of its sole product—a high-capacity battery for laptop computers—PEM, Inc., has been experiencing financial
    15·1 answer
  • A good reason to open a checking account is that
    14·1 answer
  • Belkin co provides medical care and insurance benefits to its retireees in the current year belkin agrees to contribute 5% of th
    6·1 answer
  • A stadium's normal ticket price is $90. If the special promotional price for the ticket is $81, what percentage discount was bei
    11·1 answer
  • How is the annual percentage rate (APR) on a loan different
    14·1 answer
  • A. are dividends paid to creditors or investors? explain why. b. how much cash is in the retained earnings account?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!