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mamaluj [8]
3 years ago
13

The problem of scarcity:

Business
1 answer:
natali 33 [55]3 years ago
8 0

Answer:

The correct answer is option b.

Explanation:

The problem of scarcity of resources is the basic problem in the study of economics. This problem exists because the resources are limited and have alternative uses. These resources are used to satisfy unlimited wants and needs.

So we need to determine the efficient allocation of these scarce resources such that we are able to get maximum satisfaction or utility from them.

Because of this scarcity problem, every economic decision involves some trade-off.

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A corporation uses a FIFO perpetual inventory system. August 2, 25 units were purchased at $12 per unit. August 5, 10 units were
mamaluj [8]

Answer:

The dollar amount of the ending inventory for the month of August is $460

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.

The balance at the end of August is

Units Unit Cost Total

 10              12         $120,00

 10              13          $130,00

 15              14          $210,00

Total=$460

Units 35

Download xlsx
4 0
3 years ago
Valerie has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an ac
myrzilka [38]

Answer:

The correct answer is d. There are gains from trade.

Explanation:

In this situation a profit is presented for both companies, because the described relationship represents the main activity that each one performs, but in turn, details the need of each one for a service that generates value, since a company, As a capital company, it is a machinery whose purpose is the generation of value: the investment of economic resources, contributed by the ownership of the company, allows generating new wealth (value), in the most general case, thanks to the work of its employees. The first reason for the investment of resources is that additional generation of wealth that is expected to be achieved. Under these conditions, it seems clear that the objective of any manager of a company should be the generation of value for the shareholder.

5 0
3 years ago
When you market medicare advantage and part d plans, what may you offer as a gift to induce enrollment in a plan?.
tangare [24]

When the insurance agents sold the Medicare plans under part D  then in order to induce the enrollees they can provide them with gifts worth not more than $15 in value.

<h3>What is a Medicare plan?</h3>

A Medicare plan is an insurance plan provided to US citizens in the healthcare sector by private insurance firms.

Under part D of the Medicare plan, the insurance agents cannot be allowed to provide prizes or gifts having a value of greater than $15, are not permitted to pay for any kind of meals, and also not allowed to give any gift card or any kind of money to the enrollees.

Therefore, the insurance agents can induce the persons to get enrolled in the Medicare plan by giving them gifts of not higher than $15.

Learn more about the Medicare plan in the related link:

brainly.com/question/24286419

#SPJ1

8 0
2 years ago
The news division of WEXS Channel 10 wanted to hire a new morning news anchor. As part of the interview process, candidates were
jolli1 [7]

Answer:B

Explanation: The WEXS Channel 10 wanted to see how well the candidates would perform with a story that was given to them.

5 0
3 years ago
A tariff can be described as ____. The purpose of a tariff is to protect ___.
Ostrovityanka [42]

Answer:

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation:

You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.

4 0
4 years ago
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