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3 years ago

The basic economic problem results from not having enough resources to satisfy every need. a. True b. False

Business

1 answer:

o-na [289]3 years ago

7 0

Answer:

True

Explanation:

Because the less product means less sales and less happy people. Hope this helps.

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On a total product curve with labor on the horizontal axis, the inflection point represents the quantity of labor where

emmainna [20.7K]

The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.

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2 years ago

About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but

mezya [45]

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

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2 years ago

Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:

lesantik [10]

Answer:

Preferred shareholder (7,500*$100)*7% $52,500

Common shareholder (70,000×$2) $140,000

Total dividend $192,500

Date General Journal Debit Credit

10 June Dividend $192,500

To dividend payable $192,500

(To record dividends payable)

20 June No entry required

01 July Dividend payable $192,500

To cash $192,500

(To record dividend payment)

31 Dec Retained earning $192,500

To dividends $192,500

(To close dividend account)

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2 years ago

Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade.

Varvara68 [4.7K]

Answer:

Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the are. Potential output Is 600 billion arcs (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. If actual output Is 500 billion arcs, to restore the economy to potential output government should by 25 billion arcs.

increase taxes

Explanation:

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3 years ago

Which statement accurately describes a developing country?The country's population has a high growth rate.The country has a high

lukranit [14]

Answer:

Explanation:

developing countries have high population growth rate

3 0

3 years ago

Read 2 more answers