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erica [24]
3 years ago
13

The universal economic problem that must be solved by all nations is deciding how to reduce the effects of pollution. balancing

the national budget. allocating scarce resources. providing health care for members of society. allocating tax revenues among competing programs.
Business
1 answer:
uranmaximum [27]3 years ago
8 0

Answer: deciding how to reduce the effects of pollution.

Explanation: Pollution is an economic problem associated with economic decisions which leads to external effects on everyone. For example, if you produce power from coal, Vehicles, factories. the pollution from this places affects people all over the world. This pollution causes (acid rain, global warming). Pollution is responsible for the death of 7 million people yearly, health effects

associated with pollution include, stroke, lung cancer and heart disease are due to air pollution. Pollution is a global threat.

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Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri
riadik2000 [5.3K]

Answer:

0.60

Explanation:

The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.

The formula is given below:

Percentage change in quantity =<u>  (Q2 -Q1)     </u>   x  100

                                                        (Q2 + Q1) / 2

Percentage change in price = <u> (P2 -P1)     </u>   x  100

                                                   (P2 + P1) / 2

Elasticity =<u> Percentage change in price__</u>

                 Percentage change in quantity

Inserting the data:

Percentage change in quantity =<u> (30  -20)    </u>  x  100  =    <u>10</u> x 100  = 40%

                                                       (30 + 20) /2                   25

Percentage change in price  = <u>($20 - $10)</u> x 100    =  <u>10</u>  x 100   =  66.6%

                                                    ($20 + $10) /2             15

Elasticity of supply = <u>40%</u>

                                  66.6%

                                  = 0.60

                                           

3 0
3 years ago
What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati
Anit [1.1K]
A. Investment percentages and maturity delegations
8 0
3 years ago
Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equals 0.3. What happens to the Pizz
Ilia_Sergeevich [38]

Answer:

It decreases. 

Explanation:

If the absolute value of price elasticity of demand is less than one, it means that demand is inelastic.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

If the pizza hut reduces its price, there would be little or no change in quantity demanded. As a result, revenue would fall.

If demand were elastic, a reduction in price would lead to an increase in the quantity of pizza demanded and revenue would increase.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

I hope my answer helps you

4 0
4 years ago
Read 2 more answers
Under an installment contract, a buyer can:
Novay_Z [31]

Answer:

b. Hold the seller in breach of the entire installment contract when a nonconforming installment substantially impairs the value of that installment alone.

Explanation:

In installment contract, the seller and the buyer agrees on the ways through which the buyer will pay for the goods which he or she purchases installmentally rather than a one off payment. In a situation where the agreement has been reached, <em>it expected that the buyer and the seller to conform to the said agreement. However,the seller is hold in breach of the entire installment contract if there is impairment of the value of the goods substanstially.</em>

7 0
3 years ago
During March, the production department of a process operations system completed and transferred to finished goods 27,000 units
klasskru [66]

Answer:

Cost per equivalent unit of material =$1.51

                                 

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.</em>

Equivalent units = Degree of completion × units

<em>Items                                                   Equivalent units</em>

Opening inventory    27,000×100%   =    27,000

Fully worked              180,000× 100% =  180,000

Closing inventory      24,000× 100%  =   <u>24,000</u>

Total equivalent units                              <u> 231,000</u>

Cost per equivalent unit of material = 93,800+254,000/231,000 units

                                                             

6 0
3 years ago
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