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ki77a [65]
3 years ago
5

How would a manufacturer benefit by using fewer scarce resources

Business
1 answer:
Dima020 [189]3 years ago
4 0

A manufacturer tries to benefit by using scarce resources in the following ways -  

Scarce resources will reduce the cost of production leading to maximum profits.  

Lesser cost of production will make it more budget friendly and popular among the customers.  

Because of better margins, business can invest in research and development to offer better quality products to its customers.


Read more on Brainly.in - https://brainly.in/question/5403340#readmore


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Suppose the price of a bag of jelly beans rises from $1.60 to $2.00, with the result that sales of jelly beans falls from 120 ba
andrey2020 [161]

Answer:

The elasticity of demand for jelly beans is 1.80

Explanation:

The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.

Computing the elasticity of demand for jelly beans as:

Elasticity of demand = Price Change / Quantity Change

where

Price Change is as:

Price = $1.60 + $2.00

= $3.60

Quantity change is as:

Quantity = 120 + 80

= 200

So,

Elasticity of demand = $3.60 / 200 × 100

Elasticity of demand = 1.80

5 0
3 years ago
Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe
gtnhenbr [62]

Answer:

b. 7 percent

Explanation:

Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.

This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.

Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.  

4 0
3 years ago
Three taxpayers have claimed the EIC for the same child and all three were eligible to claim the child. One is the child's mothe
neonofarm [45]

The Parent taxpayer is entitled to the earned income credit

<u>Explanation:</u>

The federal income tax credit or income credit in the United States is a refundable tax credit, particularly those with children, for low- to moderate-income working individuals and couples. The EITC benefit amount depends on the income of the recipient and the number of children.

The EITC benefits low to reasonable-income parents but offers very little assistance to workers without eligible children (often referred to as childless workers). Income tax credit (EITC). Workers earn a loan up to a limit of one percent of their income.

8 0
3 years ago
Paula earns $40,000 per year and rides her bicycle to work. There is a 1% chance that she will break her leg in the next year an
Hoochie [10]

Answer:

$40

Explanation:

The computation of the premium pay for the next year is shown below:

= Estimated medical bills × given percentage for next year

= $4,000 × 1 %

= $40

By multiplying the estimated value of medical bills with the next year given percentage, the premium for the next year can come

All other information that is given in the question is not relevant. Hence, ignored it

8 0
3 years ago
On july 1 of the current calendar year, plum co. paid $7,500 cash for management services to be performed over a two-year period
morpeh [17]

Dec 31              Management Services ....................................$1875

                           To Prepaid Expenses.....................................................$1875

(Being prepaid expenses recognised for the year)


6 0
3 years ago
Read 2 more answers
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