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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.

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Veseljchak [2.6K]

Answer:

The correct answer is the option A: social marketing.  

Explanation:

To begin with, the concept called <em>''social marketing''</em>, in the world of business, refers to the process of implementing the marketing mix strategies to the organization with the purpose of focusing and caring about the good of the community as a whole. Moreover, it also benefits the company due to the fact that it shows a great corporate social responsibility. Furthermore, it aims to influence behaviors that benefit individuals and societies for the greater social good.

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3 years ago
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
zhuklara [117]

Answer:

taxes and no money management

Explanation:

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5 0
3 years ago
​ Jim saw a decrease in the quantity demanded for his firm’s product from 8000 to 6000 units a week when he raised the price of
Delicious77 [7]

Answer:

The demand for Jim’s product is elastic

Explanation:

In this question, we are to calculate the price elasticity of demand for the product.

We proceed as follows;

The formula for calculating elasticity of demand is

e = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Here, Q2 = 6000

Q1 = 8000

P2 = $250

P1 = $200

e = [(6000 - 8000) / {(8000 + 6000) / 2}] / [($250 - $200) / {($200 + $250) / 2}]

e = [(- 2000) / 7000] / [(50 / 225]

e = - 1.3

That means absolute value of e is 1.3.

So, as the absolute value of e is more than 1 (i.e., 1.3), that means the demand for the product is elastic.

6 0
3 years ago
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Answer: $33750

Explanation:

First and foremost, we have to calculate the interest paid for the year which will be:

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= $750000 × 0.09

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Therefore, the semi annual payment will them be calculated as:

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The Macro Environment consists of 6 different forces. These are: Demographic, Economic, Political, Ecological, Socio-Cultural, and Technological forces. This can easily be remembered: the DESTEP model, also called DEPEST model, helps to consider the different factors of the Macro Environment.

Explanation:

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3 years ago
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