Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
I believe that it's E. low variable cost per unit
Answer:
1)
Explanation:
It is both easy to mistake a company's mission for its vision and to differentiate then. It´s simple: the company mission is grounded on the present, on what it could now for its customers. The company vision is what it hopes to become in the future, serving as a guideline for present actions and strategies. The first alternative, “to offer the lowest prices on hardcover books”, is a mission, its something that can be done now. The other alternatives are visions (alternatives 2, 4 and 5) or values (alternative 3).
Answer:
Investment Y
Explanation:
Investment Y pays compound interest, which earns interest compared to simple interest over time. In compound interest, the interest earned in the period is added to the principal, thereby increasing the principal amount for in the next period. It means that the interest earned also earns interest.
Compound interest increases the principal amount at the beginning of every period. As a result, the interest earned will be higher every year. Investment X earns simple interest. In simple interest, the principal amount remains is constant throughout the investment period. The interest in simple is constants throughout the period. Compound interest has higher returns compared to simple interest.
Answer:
the total utility in the case when you consume eight carrots is 5 utils
Explanation:
The computation of the total utility in the case when you consume eight carrots is shown below:
= Marginal utility when seventh carrot is consumed + marginal utility when eight carrot is consumed
= 3 utils + 2 utils
= 5 utils
Hence, the total utility in the case when you consume eight carrots is 5 utils