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4 years ago

What are the three basic questions faced by every economy

Business

2 answers:

Likurg_2 [28]4 years ago

5 0

The three basic questions asked are:

1. What goods and services should be produced?

This is asked because the economy wants to produce what the consumers want or else the resources aren't being used efficiently since resources are scarce.

2. How should we produce them?

This is asked because the producers don't want to spend unnecessary time or money on production, so they must choose wisely what method of production is best for their company and consumers.

3. Who are the consumers?

This is asked because the producers want to make sure that they are targeting the right people with advertising or selling.

Hope this helped!

~Just a girl in love with Shawn Mendes

avanturin [10]4 years ago

3 0

Answer:

In economies they are 2.
First.

<h2>Presidential: 1)A manifesto to keep the citizens vote.</h2>

2) Situations to curb.

3.)Employment..

<h2>Business:</h2>

1) Sociable workers

Goods and services

Consumers or buyers.

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On July 1, Shady Creek Resort borrowed $480,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each

ss7ja [257]

Answer:

c. $50,400

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $480,000 × 10.5%

= $50,400

hence, the interest expense is $50,400

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago

Find the coefficient of variation (to the nearest tenth percent) of the following (1,2,3,4,5).

katen-ka-za [31]

Answer:

52.7%

Explanation:

Coefficient of variation= $\frac{standard deviation}{mean}$ times 100%

= $\frac{1.58113883}{3}$ times 100%

= .5270462767 times 100%

= 52.704627667

Which rounded to the nearest tenth percent is 52.7%

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3 years ago

Read 2 more answers

When a supplier offers a lower price for a larger quantity, the buyer should: _________

Murljashka [212]

Answer:

The correct option is (c)

Explanation:

Return on investment measures the attractiveness with respect to an investment. It evaluates the efficiency of a particular investment as compared to other investment opportunities.

It is computed by subtracting cost of investment from current value and divide the result by the cost.

In this case, buyer should estimate the return on investment in purchasing larger quantity to get discount and compare it with other investment opportunities. If it offers higher returns, then the buyer should go for this.

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3 years ago

101 d Discuss whether or not gold rings can carry out the functions of money. (8)

lana66690 [7]

Answer:

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3 years ago