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3 years ago

Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?

Business

2 answers:

STatiana [176]3 years ago

7 0

Answer:

Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution.Jan 19, 2012

Explanation:

olganol [36]3 years ago

6 0

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Consider a coupon bond with a 5% coupon rate. It will mature in one year and its yield to maturity is 10%. If the 1-year interes

brilliants [131]

Answer:

$95.45

Explanation:

First, we need to calculate the price of the bond using both yields to maturity

Current Price

Use the following formula to calculate the price of the bond

P = ( C x PVAF ) + ( F x PVF )

Where

F =Face value = $1,000

C =Coupon Payment = $1,000 x 5% = $50

PVAF = ( 1 - ( 1 + 10% )^-1 ) / 10% = 0.90909091

PVF = 1 / ( 1 + 10% )^1 = 0.90909091

Placing values in the formula

P = ( $50 x 0.90909091 ) + ( $1,000 x 0.90909091 )

P = $954.55

After 1 Year

The Bond will be matured on this time

At the of Maturity the price of the bond will be equal to the face value

Price of the bond = $1,000

Now calculate the return on the bond

Return on the bond = Coupon Interest + Price appreciation

Where

Coupon Interest = $50

Price appreciation = $1,000 - $954.55 = $45.45

Placing values in the formula

Return on the bond = $50 + $45.45 = $95.45

3 0

3 years ago

The manufacturing cost of Calico Industries for three months of the year are provided below:

Delvig [45]

Answer:

b. $0.40 per unit and $8,000

Explanation:

High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.

According to High low method

Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )

Variable cost per unit = ( $120,000 - $74,000 ) / ( 280,000 - 165,000 )

Variable cost per unit = $46,000 / 115,000

Variable cost per unit = $0.4

Fixed operating cost = Total cost - Total Variable cost = $120,000 - ( 280,000 x $0.4 ) = $8,000

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4 years ago

Solve the equation.5x+7-3x=-10

KatRina [158]

x = -17/2 or (decimal form) -8.5

Hope that helps!

8 0

3 years ago

1. led a tax rebellion Columbus 2. commander in chief in Revolution Andrew Jackson 3. financial plan established United States e

gogolik [260]

Answer:

The correct answer are:

1. Daniel Shays; 2. George Washington; 3. Alexander Hamilton; 4. Thomas Jefferson; 5. Columbus; 6. Francis Scott Key; 7. Andrew Jackson; 8. Lewis and Clark.

Explanation:

The American Revolution shook the entire world. The thirteen British colonies that would become the United States of America, fought and won the battle against the most powerful imperial power on the planet. In the years that followed the American victory over the British, the hopes of the masses were betrayed. Consequently, there were many popular movements and uprisings. But none had such a great impact on the psychology of the ruling class and the future structure of the US government as the Shays Rebellion of 1786-87, which some have called "The Final Battle of the American Revolution."

Considered the "Father of the Fatherland," George Washington was a celebrated general, farmer, entrepreneur and the first president of the United States.

Alexander Hamilton was an American politician. He was a young lawyer from New York when the War of Independence broke out in the thirteen British colonies of North America (1775-83). In 1777 he became secretary of George Washington, commander in chief of the insurgent army.

8 0

4 years ago

If Jason did not want to support Gina’s plan solely because of the unpleasant consequences associated with approving a deal abse

Mashcka [7]

Answer:

Preconventional

Explanation:

Lawrence Kohlberg was an American psychologist that postulated a theory on the stages of moral development.

According to him the stages of moral development are pre-conventional, conventional, and post-conventional.

In the pre-conventional people follow standard set of rules and are afraid to break the rules because of the consequences.

Conventional stage is where moral standards are internalised and reasoning is influenced by the group one belongs to.

Post-conventional stage is where choices are based on individual principle.

In this scenario Jason did not want to support Gina’s plan solely because of the unpleasant consequences associated with approving a deal absent shareholder consent. This is the pre-conventional stage

5 0

3 years ago

Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?​

Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?