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3 years ago

With scarcity at the base of all material economics the key operating principle is

1 answer:

4 0

With scarcity at the basis of all material economics, the key operating principle is Opportunity Cost. This is defined as the loss of potential gain from other alternatives when one alternative is chosen. If you have more of one thing, you must have less of another.

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A company has a process that results in 26000 pounds of Product A that can be sold for $8 per pound. An alternative would be to

Tom [10]

Answer:

Sell now, the company will be better off by $18200

Explanation:

The computation is shown below:

Sales value after processing the product (26,000 × $14) $364,000

Less: sales value (26,000 × $8) $208,000

Increase in advantage due to processing $156,000

Less: processing cost ($174,200)

Net disadvantage of processing the product ($18,200)

As we can see the final answer comes in negative which means the product should be sold now

8 0

2 years ago

A company that manufactures a device that is heavily regulated by the government and has to undergo a rigorous pre-market approv

Vikki [24]

Answer:

preemption

Explanation:

Preemption -

It refers to the process of getting some prior claim , is referred to as preemption .

It is basically some rights which a company takes before any other company getting it .

Some pre approved process is known as preemption , these claims are required to be taken .

Hence , from the given scenario of the question ,

The correct answer is preemption.

7 0

3 years ago

Ruby enjoys working with other people. She has excellent leadership, interpersonal, and communication skills that she would like

Leokris [45]

Answer:

training and development specialist

Explanation:

From the question we are informed about Ruby who enjoys working with other people. She has excellent leadership, interpersonal, and communication skills that she would like to use in her future career. In this case the career that would be the best fit for her based on her skills is training and development specialist.

Training and development specialists can be regarded as a profession that provide help in administering, creating and delivering of training programs for organization as well as Businesses. They do this through group discussions and lecturing and also team exercise.

8 0

3 years ago

A car dealership spends $140,000 on cars to stock their lot. After a day of sales, they earn a total revenue of $300,000. What i

r-ruslan [8.4K]

Answer:

$160,000

Explanation:

Calculation of the car dealership's profit

Using this formula

Profit= Total revenue- Amount Spend

Where,

Total revenue=$300,000

Amount Spend=$140,000

Let plug in the formula

Profit =300,000-140,000

Profit =160,000

Therefore the car dealership's profit will be $160,000

5 0

3 years ago

In statistical discrimination,

MakcuM [25]

Answer:D. Workers are given preferential treatment if they help fulfill a quota for particular type of characteristics.

Explanation:

Statiscal discrimenation is a preferential treatment of workers based on racial or gender inequality.

e.g restrictions of employment to singles because they have less responsibilities compared to the married.

5 0

3 years ago