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hodyreva [135]
4 years ago
5

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how

we must make rational decisions in order to move toward a higher standard of living for all. A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how we must make rational decisions in order to move toward a higher standard of living for all.
Business
1 answer:
maria [59]4 years ago
3 0

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

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(CO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,74
ioda

Answer:

2.86 Q + 2,170 = overhead cost

Explanation:

\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]

We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost

That is variable cost we divide and get the unit variable cost

cost 5434 / Unis 1900 =  variable cost 2.86

Next we calcualte the fixed cost on any of both

Total Cost 14182

  Variable -12012 (4,200 x 2.86)

Fixed Cost   2170

Total Cost 8748

Variable    6578 ( 2,300 x 2.86)

Fixed Cost 2170

the cost equation would be:

2.86 Q + 2,170 = overhead cost

5 0
3 years ago
Sudoku Company issues 21,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $237
Katena32 [7]

Answer and Explanation:

The journal entry to record issuance of the stock in exchange for the land and building is given below:

Land $237,000

Building $368,000

           To Common stock, $8 par value $168,000

           To Paid-in capital in excess of par value, common stock $437,000

(Being the issuance of the stock in exchange for the land and building is recorded)

4 0
3 years ago
Who is responsible for following label instructions for using animal care products, or medications in the food supply continuum?
Nikitich [7]
The answer is D I hope this help
7 0
3 years ago
What is Variable Motion​
dexar [7]

Explanation:

different distances traveled in equal times; The speed of the object is changing. Periodic Motion. a motion that repeats itself.

3 0
3 years ago
Gina Raiter, the president and CEO of AutoMotion Auto Service Centers, has asked several managers and employees to help establis
solong [7]

Answer:

A mission statement

Explanation:

A mission statement is a brief summary of the values, aims and objectives of an organization or a company. it defines what the company does to the owner, the employees and the customers.

an example of a mission statement of a furniture company:

"We make this affordable & possible by offering a selected range of well-designed, functional home-furnishing products at low prices so that as many people as possible will be able to afford them"

4 0
3 years ago
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