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yan [13]
3 years ago
13

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
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
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A product has a demand of 4000 units per year. Ordering cost is $20 per order, and holding cost is $4 per unit per year. The EOQ
MrRissso [65]

Answer:

the Annual inventory cost is $800.

Explanation:

The computation of the total annual inventory cost is given below:

Demand, D = 4000

Order cost, S = $ 20

Holding cost, H = $ 4

So,

EOQ = sqrt(2 ×D × S ÷ H)

= sqrt(2 × 4000 × 20 ÷  4)

= 200

Now

Annual inventory cost = Annual setup cost + Annual holding cost  

= (D ÷ Q × S) + (Q ÷ 2 × H)

= (4000 ÷ 200 × 20) + (200 ÷ 2 × 4)

= 400 + 400

= $800

hence, the Annual inventory cost is $800.

4 0
3 years ago
Mariah applied for a loan at a financial institution. The loan officer will look at ____ to determine if she will qualify.
kow [346]

Answer:

im not sure but i think it is d

Explanation:

4 0
3 years ago
Consider the following three decisions that an organization could be faced with:
JulijaS [17]

Answer:

The correct answer is II. Deciding between Singapore, London or Buffalo as the location for the construction of a new manufacturing facility.

Explanation:

Strategic Planning is a management tool that allows you to establish the task and the path that organizations must travel to achieve the planned goals, taking into account the changes and demands that their environment imposes. In this sense, it is a fundamental tool for decision making within any organization. Thus, Strategic Planning is an exercise in the formulation and establishment of objectives and, especially, in the action plans that will lead to achieving these objectives.

7 0
3 years ago
When coding a craniectomy/craniotomy procedure, it is not uncommon that additional ____________is required?
Maksim231197 [3]
When coding a craniectomy/craniotomy procedure, it is not uncommon that additional grafting is required.
Craniectomy is neurosugical procedure that involces removing a portion of the skull in order to relieve pressure on the underlying brain. The procedure is normally done in cases where a patient has experienced a very severe brain injury that involves significant amounts of bleeding around the brain or excessive swelling of the brain. 
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3 years ago
Which of the following statements is CORRECT?
musickatia [10]

Answer:

C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.

Explanation:

There is no avoidance to double taxation under corporate form, as company's pays tax on net income earned, and then if there is any distribution of income to shareholders, the shareholders are charged individually.

There is no such ease in transfer of share whether in corporate form or partnership form.

There is an indefinite liability in case of insolvency of sole proprietorship on the sole proprietor, as he is the only person in ownership of such shares.

No, voting rights in a corporate form are dependent on number of shares held.

Therefore, the correct statement is:

C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.

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4 years ago
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