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4 years ago

Scarcity is the mother of economics.discuss

1 answer:

4 0

Scarcity is how common or rare a specific resource or service is. This is one of the largest driving points in price and availability.

Products and services that are scarce, yet in high demand will fetch a high price. In contrast, a scarce product or service that has low demand will fetch a low price.As scarcity and demand increase, price goes up. As scarcity and demand decrease, price goes down.

To conclude, scarcity is one of the most influential variables in economics.

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The focus vision area has ...........degrees of information.

tekilochka [14]

5-10 degrees

The focus vision has the purpose of helping in the targeting task. It is also the one that helps to establish a visual lead. Besides these, one of the most important functions of this type of vision, focus vision, is to allow the reading of street signs or any other that might be important, as well as interpreting them.

4 0

4 years ago

North Company has completed all of its operating budgets. The sales budget for the year shows 50,220 units and total sales of $2

Dmitriy789 [7]

Answer:

The income taxes figure of $203,000 is missing from the information provided:

The net income from the budgeted income statement is $466,520

Explanation:

The multiple step income statement differentiates operating revenue from non-operating revenue,operating expenses from one off non-operating expenses as operating gains and losses from non-operating ones

North Company budgeted income statement

Total sales revenue $2,190,100

Variable costs of sale($24*50,220) ($1,205,280)

Gross profit $984,820

Selling and administrative expenses ($305,300)

Profit before interest & taxes $678,940

Interest expense ($10,000)

Income taxes ($203,000)

Net income $466,520

5 0

3 years ago

Organizational performance is most likely to Group of answer choices increase with an increase in efficiency and effectiveness.

kobusy [5.1K]

Answer:

increase with an increase in efficiency and effectiveness.

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment.

In Business management, the five (5) main organizational features which are capable of changing the direction of a company or business firm are classified as;

I. Culture.

II. Processes.

III. Politics.

IV. Environmental.

V. Structure.

Generally, it is expected that managers understand how the aforementioned organizational features can influence their business so as to build and use informations systems (IS) to drive the business successfully.

Hence, organizational performance in a company or business firm is most likely to increase with an increase in efficiency and effectiveness, especially in the areas of services to customers.

5 0

3 years ago

Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a p

Kay [80]

Answer:

13.31%

Explanation:

some information is missing:

Year Cash flows

0 −$1,100

1 $450

2 $470

3 $490

the easiest way to calculate the IRR is by using a financial calculator, IRR = 13.31%

but if we don't have one at hand, the IRR is the discount rate at which a project's NPV = 0

1,100 = 450/(1 + r) + 470/(1 + r)² + 490/(1 + r)³

to simplify the formula we must use trial and error:

since we already know the real IRR, I will start with a close number like 10%

1,100 = 450/(1 + 0.1) + 470/(1 + 0.1)² + 490/(1 + 0.1)³

1,100 = 409.09 + 388.43 + 368.14

1,100 ≠ 1,165.66

since the NPV is still positive, we must increase the discount rate. following the example we can use 12%

1,100 = 450/(1 + 0.12) + 470/(1 + 0.12)² + 490/(1 + 0.12)³

1,100 = 401.79 + 374.68 + 348.77

1,100 ≠ 1,125.24

we must increase the discount rate even more to 13%

1,100 = 450/(1 + 0.13) + 470/(1 + 0.13)² + 490/(1 + 0.13)³

1,100 = 398.23 + 368.08 + 339.59

1,100 ≠ 1,105.90

we keep increasing the discount rate to 14%

1,100 = 450/(1 + 0.14) + 470/(1 + 0.14)² + 490/(1 + 0.14)³

1,100 = 394.74 + 361.65 + 330.74

1,100 ≠ 1,087.13

since now the NPV is negative, the discount rate must be between 13-14%

we continue this way until we finally reach 13.31%

4 0

3 years ago

The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −0

Alex787 [66]

Answer:

Price=150

Explanation:

Total revenue (TR) is given by $Price \times Quantity$ . We can get the quantity from the demand equation. Then

$TR= (150-0.5p)\times p=150p-0.5p^2$

where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero

$\frac{d}{dp}TR=150-p=0$

solving for p we have that p=150

3 0

3 years ago

Scarcity is the mother of economics.discuss​

Scarcity is the mother of economics.discuss