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elixir [45]
4 years ago
5

Diamonds have a higher monetary value than water because: a. diamonds are scarce. c. water has limited value. b. diamonds are a

necessity. d. water has little utility.
Business
2 answers:
Elena-2011 [213]4 years ago
8 0
<span>paradox value is the apparent contradiction between the high monetary value of a nonessential item and the low value of an essential item. For example, diamonds have a higher monetary value than water because diamonds are scarce and appeals more to consumers' utility.</span>
Volgvan4 years ago
3 0

Though diamonds are mostly used for aesthetic purposes, its price is far higher than a gallon of water. This is because (A) diamonds are scarce compared to water.

The principle of scarcity states that <em>objects that are rarer in the market would be valued at a higher price compared to things that can be found everywhere</em>. Since water is more commonly found than diamonds, water is cheaper than diamonds.

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Kali contracts to sell leony her car for $3,000. this contract will be fullydischarged when kali and leony
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This deal will be fully discharged when Leony pays Kali the $3000 for the car and Kali hands over her car to Leony so that Kali has the money and Leony has the car which means the transaction has been successfully completed.
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3 years ago
The long-time CEO of a large paper company is retiring. The members of the board want to make sure that the new person they hire
Elanso [62]

Answer:

The CEO needs a clear and broad vision of the companies future and where he's gonna take it in a couple years. The CEO needs good social skills, being able to communicate with potential partners, investors, etc. The CEO needs to be able to motivate himself, motivate his team, and in general just have the ability to keep everyone motivated to continue working towards the companies goals. The CEO needs to be able to adapt relatively quickly, he needs to have the ability to understand the industry quickly, and make sure everyone adapts to the companies changes as well. The CEO also needs trust, he needs to make sure future partners, will trust him, investors trust him, employees trust him, everyone needs to have trust in the CEO.

Explanation:

4 0
4 years ago
When a buyer’s willingness to pay for a good is equal to the price of the good, a. the buyer’s consumer surplus for that good is
igomit [66]

Answer:

a. the buyer’s consumer surplus for that good is maximized.

Explanation:

The consumer will purchase up to the moment at whose preference price matches the market price.

Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.

6 0
4 years ago
Bruce, a first-line supervisor at Lou’s Market, regularly uses abusive and derogatory words when dealing with his subordinates.
Burka [1]

Answer:

The correct answer is Interpersonal.

Explanation:

Interpersonal justice refers to the perception of justice of employees in the interpersonal treatment they receive from those who have the power and the power to distribute the results (usually managers and managers). It is important for managers to be courteous and polite and treat employees with dignity and respect to promote interpersonal justice. In addition, managers and managers must refrain from making derogatory comments or belittling their subordinates.

4 0
3 years ago
Under the perpetual inventory system, in addition to making the entry to record a sale, a company would debit Inventory and cred
marshall27 [118]

Answer:

The journal entry is shown below:

Explanation:

The journal entry for the sale of the goods using the system of perpetual inventory is shown below:

Cost of Goods sold A/c.............................Dr   XXXX

               Inventory A/c........................................Cr XXXX

Being record the sale using perpetual inventory system

Under the system of perpetual inventory, the sale or the purchase of inventory is recorded immediately using the point of sale system.

So, account of Cost of goods sold (COGS) is debited against the inventory which is sold through the business and that is credited.

5 0
3 years ago
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