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3 years ago

What are the three basic questions faced by every economy

Business

2 answers:

Likurg_2 [28]3 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]3 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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When a country allows trade and becomes an importer of jet skis,

Delvig [45]

The best answer for this question would be:

b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.

Because originally the jet skis came from the country they originated from so the quality is original and more trusted to the consumers.

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3 years ago

A firm selling televisions knows from marketing research that when consumers in developing countries reach on average a yearly i

yulyashka [42]

Answer:

That low income can be enough because of either one of these two reasons (or the two at the sime time):

A high proportion of subsidized good for low-income earners in developing countries: a consumer making $1,000 per year on average could benefit from subsidized food, housing, healthcare, and even transportation, allowing this person to devote most of his income to other expenses.
Cheap credit available: this same person could not have enough money to pay for the television in cash, but could easily obtain a credit with low interest rates, and long-term payments.

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2 years ago

Headland Mining Company purchased land on February 1, 2020, at a cost of $1,169,500. It estimated that a total of 52,800 tons of

Nat2105 [25]

Answer:

1. $26 per unit

2. $183,040

3. $503,360

Explanation:

1. Computation of per unit mineral cost

Per unit mineral cost=(1,169,500+96,300+214,000-107,000)/52,800

Per unit mineral cost=1,372,800/52,800

Per unit mineral cost=$26 per unit

Therefore the Per unit mineral cost will be $26 per unit

2. Computation of Total materials cost

Total materials cost= (26,400 tons-19,360 tons)*26

Total materials cost=7,040*26

Total materials cost=$183,040

Therefore the Total materials cost will be $183,040

3. Calculation for the Total materials cost in Cost of goods sold

Total materials cost in Cost of goods sold= (19,360*26)

Total materials cost in Cost of goods sold =$503,360

Therefore the Total materials cost in Cost of goods sold will be $503,360

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3 years ago

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Ierofanga [76]

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3 years ago

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Which best describes the results provided by market research?

Troyanec [42]

Market research tells producers what consumers want and what they're willing to pay.

Marketers perform market research so they can accurately determine who their audience is, what people will buy, how much they will buy and how much they will pay for it. Without conducing this research they could be spending money trying to reach the wrong audience. They could also have their product set too high or too low and potentially lose money/customers.

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3 years ago