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azamat
2 years ago
5

Which of the following best explains why resources need to be allocated in the game of economic? A) Natural resources are often

found in places far from where they are used for production. B) There are always different production methods for the same goods and services. C) There are not enough resources to produce all of the good and services that everyone wants. D) If sufficent resources are not set aside for future production, scarcity cannot be eliminated. THE ANSWER IS C!!!!!!
Business
1 answer:
Sladkaya [172]2 years ago
3 0

Answer:

The best explanation for the need to allocate resources in the game of economics is that:

C) There are not enough resources to produce all of the goods and services that everyone wants.

Explanation:

In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available.  This is the bedrock of Economics.  It is the reason that Economics is studied as a separate course.  Scarcity and needs are important concepts in human interactions.  Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.

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Record-keeping.

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Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (p
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We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.

<h3>What is Complete Second Order Model?</h3>

The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.

The options that complete the question are:

A. Create a curvilinear term for job satisfaction

B. Create an interaction between unemployment rate and age

C. Create an interaction between age and each of the levels of job satisfaction

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Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.

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If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of a
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The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

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or

Annual Depreciation= $1,440,000/$14,400,000 ×100

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3 years ago
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