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kotykmax [81]
3 years ago
10

What is meant by the economic problem?

Business
1 answer:
ollegr [7]3 years ago
3 0

Answer:

hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.

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Conclusions and recommendations are the most widely read sections of any report. Conclusions summarize a nd explain your finding
butalik [34]

Answer:

a. When drawing conclusions, make sure you summarize and explain your findings.

b. Tips for writing recommendations:

A. Your recommendations should always be the result of prior logical analysis.

B. Your recommendations should never be in the form of a command.

Explanation:

A good conclusion touches the theme or main topic, summarizes the main points, and connects with the introduction, but with a sense of closure.  Conclusions should be sound and logical.  Irrelevant conclusions are annoying to the senses.  Without a conclusion, the report will sound like one illogical move without clear direction and purpose.

Recommendations should address improvement efforts based on the problem(s) presented in the body of the report.

6 0
3 years ago
Sagoff, "At the Shrine of Our Lady Fatima or Why Political Questions Are Not All Economic."
arlik [135]

Answer:

Sagoff's cost-benefit approach establishes that the value of a thing is determined by how much people are willing to pay for it, so the only important values are the ones that the market can assign. This is why that approach is not suitable for explaining our duties with our environment, since we cannot pay for it and the market cannot assign any value to the environment.

Sagoff is a neo-Kantian ethicist because he also believes that individuals were the judges of value (they could assign value to things) not only for them but for their whole communities.

Sagoff's approach differs from Kant's approach since Sagoff believes that the cost-benefit approach doesn't apply to all the goods and services, especially the environment. He believes that the environment has an intrinsic value and therefore is an end to itself, while Kant believed that only humans had intrinsic value and could be an end to themselves.

4 0
3 years ago
Consider a firm with a marginal cost that initially decreases, but after reaching a minimum then increases with output (that is,
Vika [28.1K]

Answer:

a. To produce at minimum average total cost, the firm must produce more output than it would need to produce at the minimum average variable cost.

Explanation:

The total cost of a firm minimizes when a firm produces more units. Variable cost of a firm is lower when there is more output produced. The average total cost includes the average fixed cost also for which output should be more so that total fixed cost is divided to the produced units resulting in lowest possible per unit cost.

6 0
3 years ago
Sklar, CPA, purchased from Wiz Corp. two computers. Sklar discovered material defects in the computers 10 months after taking de
Nuetrik [128]

Answer:

<em>End up losing because it is legally binding the clause that would limit the statute of limitations to 18 months.</em>

Explanation:

Within UCC 2-725, in cases that involve the exchange of goods, a 4-year restriction law applies. The parties can reduce the duration to not less than 1 year (but not extend it).

When a delivery tender is made, an action for violation of warranty accrues (the statute begins to run).

However if the warranty specifically applies to future performance and violation disclosure must postpone that performance, the penalty will occur when the breach is discovered or should have been discovered.

5 0
3 years ago
urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of un
LUCKY_DIMON [66]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

The v<u>ariable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

<u>Unit cost under absorption costing:</u>

Unitary product cost= 137 + 75 + 4 + (846,800/14,600)

Unitary product cost= $274

<u>Unit cost under variable costing:</u>

Unitary variable product cost= 137 + 75 + 4

Unitary variable product cost= $216

3 0
3 years ago
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