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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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What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
oee [108]

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

5 0
3 years ago
At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho
Pachacha [2.7K]

Answer:

$1.89 per machine hour

Explanation:

With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.

Standard maintenance cost = $ 13,680 - $450

= $13,230

Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;

= $13,230 / 7,000

= $1.89

Therefore, the cost was $1.89 per machine hour.

7 0
3 years ago
Please help, I put 40 points.)
Wewaii [24]
I think the second one cause Lara study's new hybrid plants and that's what a plant scientist does and then Jon uses it to feed cattle and farmers have cattle
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6 0
3 years ago
Read 2 more answers
On December 1, 2021, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer
Arada [10]

Answer:interest revenue the  company recognize during 2021 is $100

Explanation:

 Interest for  2021 = Principal x Rate x Time

= $20,000 X 6% x 1/ 12 ( From 1st t0 31st December is 1 Month)

=$100

Journal to record accrued interest by  Davenport Company

Date                          Accounts Titles                          Debit         Credit

Dec 31st, 2021               Interest Receivable               $100

                                   Interest Revenue                                         $100

Therefore, the interest revenue the company will  recognize during 2021 is $100.

6 0
3 years ago
A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, they purchased 10 units at $22 each. On N
VashaNatasha [74]

Answer:

Cost of goods sold=  $410

Explanation:

Giving the following information:

November 1: 5 units for $20 each.

On November 2, they purchased 10 units at $22 each.

On November 6, they purchased 6 units at $25 each.

On November 8, they sold 18 units for $54 each.

The company uses LIFO (last in, first out) as an inventory method.

Cost of goods sold= 6units*25 + 10units* 22 + 2units* 20= $410

5 0
3 years ago
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