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
8_murik_8 [283]
3 years ago
7

3. Why are many resources allocated through markets?

Business
1 answer:
inysia [295]3 years ago
6 0

Answer:

d. Because resources are so abundant price can help us choose amongst them.

Explanation:

Different markets would value the same item at different prices, and buyers can compare prices to buy the desired item at its lowest cost (in order to save money)

You might be interested in
Please subscribe to my mom channel please<br><br>I need 100 subscribe​​
Contact [7]
Ok i will subscribe too!!
8 0
3 years ago
The Mixing Department of Complete Foods had 62,000 equivalent units of materials for October. Of the 62,000 ​units, 38,000 units
Art [367]

Answer:

Materials

62,000 equivalent units

Conversion

42,800 Equivalent untis

Cost of finished Goods

38,000 x (.75 + .55) = 38,000 x 1.3 = $49,400

WIP

24,000 x .75 = 18,000

4,800 x .55 =    2,640

Total WIP         20,640

Explanation:

Equivalent Units

38,000 complete

20% of 24,000 WIP  = 4,800

Equivalent Units CC = 42,800

x .55 CC = 23540

Materials

62,000 x .75 = $46,500

6 0
3 years ago
The type of law that is derived from tradition and earlier judicial decisions is
dolphi86 [110]

Answer: The answer is a Common Law

4 0
3 years ago
Akua’s Paint Supply charges $15 per gallon of paint. Akua started with three employees, who together produced 40 gallons of pain
timofeeve [1]

Answer:

$70

Explanation:

Total revenue from three employees:

= No. of gallons of paint produced × Selling price per gallon

= 40 × $15

= $600

Total revenue from four employees:

= No. of gallons of paint produced × Selling price per gallon

= 48 × $15

= $720

Total revenue created by 4th worker:

= Total revenue from four employees - Total revenue from three employees

= $720 - $600

= $120

Cost of hiring 4th worker = $50 per day

Therefore,

Marginal profit for the fourth employee:

= Total revenue created by 4th worker - Cost of hiring 4th worker

= $120 - $50

= $70

4 0
3 years ago
Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ________, the utility cr
OlgaM077 [116]

Answer:

The correct answer is Place Utility

Explanation:

Place Utility is the utility that a good has because of the place where it is located. A product that has high place utility is a product that is near customers, or that can change locations in order to be even nearer to the customers.

This is a fancy way to say that delivered products are useful because they are available at your doorstep, which is the most convenient place possible. This is the principle from which Amazon has built. Amazon depends on the place utility of the products it offers.

3 0
3 years ago
Other questions:
  • The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3
    7·2 answers
  • Brothern Corporation bases its predetermined overhead rate on the estimated machine- hours for the upcoming year. Data for the m
    10·1 answer
  • The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi
    11·1 answer
  • Which of the following is true of concrete expressions?​
    6·1 answer
  • Not all moving violations will appear on your driving record
    12·2 answers
  • Which education and qualifications are especially useful for Food Products and Processing Systems careers? Check all that apply.
    8·2 answers
  • What distinguishes a product/service from the competition ?
    14·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    6·1 answer
  • Is the South African post office a natural or artificial monopoly?motivate​
    9·1 answer
  • Help me <br> Can any one answer me these
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!