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3 years ago

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources.

Business

2 answers:

Viefleur [7K]3 years ago

5 0

Answer:

Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

so yes the answer is true

Explanation:

(つ◕౪◕)つ━☆ﾟ.*･｡ﾟ

☆*。★ﾟ*♪ヾ(☆ゝз・)ノ

dusya [7]3 years ago

3 0

Answer: The correct answer is : True

Explanation: Economics focuses on the study of how people use limited resources to meet unlimited needs and desires. Economic decisions are made by people who compete for profits that are based on offers and demands. The economy studies how to manage available resources.

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Which of the following is not a factor of production?

Nataliya [291]

C. Goods and services

4 0

3 years ago

When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips,

marshall27 [118]

When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Given an incomplete sentence related to infineon technologies.

We are required to fill the sentence by an appropriate term.

We can fill the sentence with "a cartel".

A cartel is basically a formal agreement among firms in an oligopolistic industry. Members of cartel may agree on such matters as prices, total industry output, market shares, allocation of customers, allocation of territories, bid-rigging, establishment of common sales agencies, and the division of profits or combination of these. It is basically a group of people who are collected to complete an objective.

Hence when four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Learn more about cartel at brainly.com/question/12015868

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7 0

1 year ago

What is the term that describes a group of firms cooperating with each other in order to avoid competition?

Marrrta [24]

The right answer for the question that is being asked and shown above is that: "communication" the term that describes a group of firms cooperating with each other in order to avoid competition is that of communication

7 0

3 years ago

A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 76 pounds of Kona coffee beans a

Slav-nsk [51]

Answer:

Explanation:

Base on the scenario been described in the question, we use the following method to solve the question

d = 75 lbs/day 200 days per year

D= 15,000 lb/year H= $3/lb/year S= $16/order

6 0

3 years ago

Department S had no work in process at the beginning of the period. It added 12,200 units of direct materials during the period

galben [10]

Answer:

Cost of completed units = $158,240

Explanation:

Cost of completed units = Cost per equivalent unit × no of units

Equivalent unit = Degree of completion × units of work

Equivalent units of material

( 9200× 100%) + (3000×100%) = 12,200 unit

Cost per equivalent unit of material = $97,600/12,200 units= $8

Equivalent units of labour and overhead

(9200× 100%) + (3000× 25%) = 750

Cost per equivalent unit of labour and overhead

=( 73,630+17910)/9950 =$9.2

Cost of completed units

= $(9.2+8)× 9,200 = 158,240

Cost of completed units = $158,240

5 0

3 years ago