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3 years ago

The BEST explanation of why there will always be scarcity is because

2 answers:

6 0

Based on the given options, the most likely is answer is "D) while peoples' wants are unlimited, resources are limited." Scarcity exists because of people's uncountable desires. Thank you for your question. Please don't hesitate to ask in Brainly your queries.

Zepler [3.9K]3 years ago

3 0

D) While peoples' wants are unlimited, resources are limited.

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Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t

IrinaK [193]

Answer: Please see answer below

Explanation:

Oil Reserve $3,000,000 for year 1, 2, 3

Accumulated Depletion

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

Oil Reserve

Year 1 =$3000000- $600,000=$2,400,000

Year 2, $3,000,000- $2,400,000=$600,000

Year 3= $3,000,000 -$3, 000,000=$0

Net Oil Inventory

Year 1= $600,000

Year 2 $2,400,000

Year 3= $3,000,000

Year 1 Year 2 Year 3

Oil Reserve $3,000,000 $3,000,000 $3,000,000

Accumulated Depletion $600,000 $2,400,000 $3,000,000

Oil Reserve, $2,400,000 $600,000 $0

Net Oil Inventory $600,000 $2,400,000 $3,000,000

4 0

4 years ago

The EPA is responsible for setting and enforcing regulation related to

yawa3891 [41]

Answer: The EPA is responsible for setting and enforcing regulation related to the environment.

Explanation:

The acronym for EPA is Environmental Protection Agency. This is an independent agency which protects the environment from potential hazards. EPA sets the regulations in the country that protects the environment.The organisations has to follow the regulations to avoid any consequences.

The agency assess the environment and does research on the environment and impact on it. The national environmental standards are maintained by the agency. The agency is entitled to give sanctions and collect fines in the country.

3 0

4 years ago

Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00

oksian1 [2.3K]

Answer:

$170

Explanation:

Kelly's opportunity cost = ($1,000 x 3%) + ($2,000 x 7%) = $30 + $140 = $170

The opportunity cost is the cost of not choosing an alternative action.

Implicit costs are costs that occur but are not reported as separate costs.

Explicit costs are normal accounting costs.

3 0

4 years ago

Low levels of _______ have been found in impulsive murderers and arsonists

Alchen [17]

Answer:

Low levels of brain serotonin neurotransmission have been found in impulsive murderers and arsonists

Explanation:

Serotonin is seen as playing a role in the inhibition of impulses other than aggressive ones. The regulation of emotions is relevant to both violence and impulse control. Strong emotional states often accompany violent acts that are considered impulsive.

Irritability, temper outbursts, or a greater emotional responsiveness to others are often present in violent or impulsive individuals. Many of these individuals have general problems with emotional self-regulation.

5 0

3 years ago

What do you think about the 7dream concept for seven- eleven japan? from a supply chain perspective, is it likely to be more suc

VashaNatasha [74]

The Seven Dream concept of the Seven Eleven convenience store is a good supply chain concept that targets e-commerce customer. While most of the e-commerce portal are successful these days, 7 Dream comes as an unique inception. This allows customer to order via online and collect from the store deliveries at their convenience as well. The concept is seem to be more preferred in Japan, where customers have preference towards store delivery of the shipped goods. In fact, the 7- eleven in Japan is more successful than any other countries where the franchise has its stores open.

From the supply chain perspective, I think 7dream concept will be more successful in Japan than in USA. The reason being the urban customer of Japanese market and convenient access for them to store and pick up. For place like USA, where population is sparsely distributed to large area, this supply chain concept will not be very effective. For Suburban population, this model will be very inconvenience as they have to drive a long way to store to collect their deliveries, which they could have easily got home delivered via other such services.

6 0

4 years ago