1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sleet_krkn [62]
3 years ago
10

Which of the following most accurately explains why even if you won $1 million in a lottery, you still would not escape the scar

city problem? All individuals, whether rich or poor, are dissatisfied with their material well-being and would like more. All nations face the same microeconomic issues. All nations face the same macroeconomic issues.
Business
1 answer:
liubo4ka [24]3 years ago
5 0

Answer:

All Individuals, whether rich or poor,are dissatisfied with their material well-being and would like more.

Explanation:

Individuals wanting more and not being satisfied with their material well being goes back to the fundamental problem of economics-unlimited human wants. Economists argue that human wants are unlimited and insatiable irrespective of their economic class. Whether rich or poor, no man is satisfied with his material well-being. Every man still feel something is lacking after acquiring so much or so little. He still has the scarcity problem.

This never-ending desire is embedded in the physiological make up of a man. When a man gets food, then he wants house. When he gets house, he wants car. When he gets a car, he wants to buy a private jet. In short, the more he gets, the more he wants more.

And that`s is the reason why you would win $1 million and stills not satisfied with having enough. You would still believe you lack something. You would still want to acquire more just to solve this scarcity problem.

Other options do not explain the problem ; they just points at microeconomics and macroeconomics issues.

You might be interested in
PLEASE ANSWER FAST
baherus [9]
I believe it’s true and false cuz most of the time u Can’t get into the job that u wanted all the time but you can hope but I mean a job is a job
8 0
2 years ago
When Jack takes a class, he saves all his work for that class with the name of the course. What is most likely happening to his
mojhsa [17]

Answer:

He has lost the previous files as he has been replacing them.

Explanation:

When you save a file in your computer, you need to save it with a name that is different from the names of the other files you have in the computer. If you save file with the same name of another file, you will replace that file and will lose the information you had. So according to this, as Jack is saving all his work for the class with the name of the course, it means that he has saved everything with the same name and he has lost the previous files because everytime he saves a new file he replaces the previous one.

8 0
3 years ago
"The owner of a small restaurant that sells take-out fried chicken and biscuits pays $2,500 in rent each month, $500 in utilitie
natulia [17]

Answer:

Break-even point (dollars)= $9,976.25

Explanation:

Giving the following information:

Fixed costs:

Rent $2,500

Utilities $500

Interest $750

An insurance premium of $200

Advertising on local bus $250 a month

Total= $4,200

A small bucket of take-out chicken, the only menu item, is priced at $9.50. Unit variable costs for the bucket of chicken are $5.50.

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  4,200/ [(9.5 - 5.5)/9.5]

Break-even point (dollars)= 4,200/0.421

Break-even point (dollars)= $9,976.25

7 0
3 years ago
I was doing good until this question
IrinaVladis [17]

i believe it is all but 2

7 0
3 years ago
If a firm enjoys economies of scale up to a certain output​ level, and cost then increases proportionally with​ output, what can
Len [333]

Answer:

D. decreases initially and then is horizontal.

Explanation:

A horizontal long run average cost curve reflects increase in cost proportionate to output, so the firm's long run average cost curve will fall initially and then become horizontal.

8 0
2 years ago
Other questions:
  • If the tax laws were changed so that $0.50 out of every $1.00 of interest paid by a corporation was allowed as a tax-deductible
    8·1 answer
  • Unit Test
    11·1 answer
  • If a market basket of goods cost $100 is the US and 70 euros in France, then the PPP exchange rate would be $.70/euro.A. TrueB.
    15·1 answer
  • At the end of the accounting period, a company's overhead was overapplied by $400. The Factory Overhead account was properly adj
    9·1 answer
  • Two firms are ordered by the federal government to reduce their pollution levels. Firm A’s marginal costs associated with pollut
    10·1 answer
  • The law of supply relates to opportunity cost because:__________
    14·2 answers
  • A consumer is said to be indifferent between two consumption bundles _________.a. when the consumer doesn't care about his or he
    12·1 answer
  • 4-8 A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would el
    11·1 answer
  • Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit
    5·1 answer
  • The U.S. encourages domestic companies to export because _____________.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!