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

Suppose that the world price of oil is $70 per barrel and that the United States can buy all the oil it wants at this price. Sup

inysia [295]

Answer:

The supply and demand curves for the United States are shown in the graphs attached.

Explanation:

Free trade in oil implies that a country in the international oil market can import as much oil as it wants and export as much oil as it wants.

The costs of demand and the revenues obtained in each case are given below:

QD1 cost = 68 × 70 = $4,760

QS1 revenue = 16 × 70 = $1,120

QD2 cost = 470 × 70 = $32,900

QS2 revenue = 15 × 70 = $1,050

QD3 cost = 672 × 70 = $47,040

QS3 revenue = 14 × 70 = $980

QD4 cost = 874 × 70 = $61,180

QS4 revenue = 13 × 70 = $910

QD5 cost = 1076 × 70 = $75,320

QS5 revenue = 12 × 70 = $840

Find the graph attachments.

7 0

3 years ago

In which era of the marketing evolution did firms begin to focus on what consumers wanted and needed before designing, making, o

Alex

The era of the marketing evolution in which firms begin to focus on what consumers wanted and needed before designing, making, or selling a product is market-oriented era.

<h3>What is the market-oriented era?</h3>

It should be noted that around the year 1940s when industries realized that focusing only on their business needs and as a result of this the customers are unsatisfied.

However, the businesses' marketing tactics that is been engaged that time is identifying what customers need and effectively customizing activities .

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4 0

2 years ago

The difference between the standard cost of a product and its actual cost is called a variance.

-Dominant- [34]

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

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7 0

1 year ago

The ideal marketing objective is ________. idealistic, quantifiable, and consumer-oriented situational, unattainable, and intern

GuDViN [60]

Answer:

The correct answer is: Time specific, realistic and quantifiable.

Explanation:

To begin with, a good marketing campaign must follow certain objectives in order to be fully successfull or at least as high as possible. Therefore that the best objectives to look for regarding marketing expertises are the facts that the objectives are <em>realistic</em>, so that means that it can be possible done by the budget of the company; <em>quantifiable</em>, so that means that the company can measure the benefits of using the campaign and see that the costs were worthy; and finally,<em> </em><em>time specific objectives</em>, so that means that the company can know if their goals are being accomplished in the time expected.

8 0

3 years ago

An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:

Harman [31]

Confidentiality

What is Confidentiality?

When it comes to sensitive information, confidentiality refers to the idea and practice of keeping it secret until the owner or data custodian explicitly consents to sharing it with another party. Another definition of confidentiality is the request to uphold the rule and custom.

Owners and custodians of sensitive data create policies defining the categories of information that require protection in order to preserve confidentiality. On the basis of it, they specify a number of procedures for the environments, tools, and people engaged in data handling and storage. These include educating and training staff members and the clients they serve, investing in and maintaining the buildings, equipment, and software where data resides and travels, tracking the movements of sensitive data, and planning and implementing data loss prevention (DLP).

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5 0

1 year ago