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Rama09 [41]
4 years ago
8

As a consequence of the problem of scarcity:

Business
1 answer:
lara31 [8.8K]4 years ago
7 0

Answer:

The correct answer is letter "B": Individuals have to make choices from among alternatives.

Explanation:

Scarcity is the basic economic problem by which individuals have unlimited needs but count on limited resources to satisfy them. As a result, people must make trade-offs by which they sacrifice part of the satisfaction of one need to cover part of another need.

Scarcity pushes individuals to optimize the allocation of their resources to maximize the utility of the goods or services people use to satisfy their needs.

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"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan
Anastaziya [24]

Answer:

<u><em></em></u>

  • <u><em>Law of demand</em></u>

<u><em></em></u>

Explanation:

Indeed, the <em>law of demand </em>is that the price and quantity demanded are inversely related. <em>Ceteris paribus</em>, the economist say. It is a latin expression that means "<em>other things equal</em>".

As the resources are, per definition, scarce, the consumers, ecomomic agents who buy the products, need to allocate the money among the different goods and services that the market puts at their disposal.

And they allocate the resources in a intelligent way: they "calculate" the utility of each product considering the cost. If the price increase, the ratio of utility to cost decreases and the consumer will diminish the quantity demanded for that good. If the price decrases, the utility to cost ratio increases and the quantity demanded will increase.

7 0
3 years ago
To find out more about the pros and cons of a product, it is often a good idea to study the behavior of the individuals or group
Natalija [7]

Answer:

Copy Testing

Explanation:

Copy testing is a market research analysis method that utilizes the consumers' responses , behavior and feedback to determine the effectiveness and relevance  of an advertisement.

This method reveals a great deal of information about the pros and cons of a particular product through the analysis and study of individuals or group of users.

It addresses media channels like the internet and social media ,  television radios and others.

5 0
4 years ago
Can someone explain what bitcoin is? i don't get it is it illegal? how does it work?
enot [183]

Answer:

Bt Bicoins este o moneda virtuala care valorează extrem de mult, nu, nu este ilegal sa ai un bit coin

4 0
3 years ago
Read 2 more answers
Haynes Automotive uses labor-hours as its base for calculating a predetermined overhead rate. Haynes had estimated the labor-hou
julia-pushkina [17]

Based on the information given the predetermined overhead rate is 31.89 per direct labor hour.

<h3>Predetermined overhead rate</h3>

Using this formula

Predetermined Overhead rate = Estimated manufacturing overhead / Estimated total labor hours

Let plug in the formula

Predetermined Overhead rate = [$1,026,260 + (46,000×6.25)] / 41,200

Predetermined Overhead rate =1,313,760/ 41,200

Predetermined Overhead rate = 31.89 per direct labor hour

Inconclusion the predetermined overhead rate is 31.89 per direct labor hour.

Learn more about predetermined overhead rate here:brainly.com/question/26372929

3 0
3 years ago
The Gorman Group issued $900,000 of 13% bonds on June 30, 2016, for $967,707. The bonds were dated on June 30 and mature on June
Charra [1.4K]

Answer:

cash      967,707 debit

  premium on BP      67,707 credit

  Bnds Payable     900,000 credit

interest expense 58062.42  debit

premium on BP 437.58       debit

       cash                     58500 credit

Explanation:

procceds 967,707

face value 900,000

premium on bonds payable 67,707

<em><u>first interest payment</u></em>

carrying value x market rate

967,707 x 0.06 = 58062.42

then cash outlay

face valeu x bond rate

900,000 x 0.065 = 58,500

the difference will be the amortization

8 0
4 years ago
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