Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.
Because of the above, one has to carefully make their choice while allocating the resources accordingly.
<h3>What is opportunity Cost?</h3>
When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.
<h3>
What is a rationing device?</h3>
A rationing device is a system that determines who receives what of limited commodities and resources.
Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.
Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.
Learn more about Scarcity:
brainly.com/question/4747543
#SPJ1
First, the value of each share rose by 2. So we have +2.
Then it fell by 5. So we have
2 - 5 = -3
Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.
Answer:
$950 in order to maximize the revenue.
Explanation:
The computation of monthly rent in order to maximize revenue is shown below:-
R (x) = Rent price per unit × Number of units rented
= ($900 + $10 x) × (100 - x)
= $90,000 - 900 x + 1000 x - 10 x^2
R (x) = -10 x^2 + 100 x + $90,000
Here to maximize R (x), we will find derivative and equal it to zero
R1 (x) = -20 x + 100 = 0
20 x = 100
x = 5
Therefore the monthly rent is p(5) = $900 + 10(5)
= $900 + 50
= $950 in order to maximize the revenue.
Answer:
Cr Interest revenue $3,624
Explanation:
Dr Investment in bonds 100,000
Cr Cash 90,000
Cr Discount on investment in bonds 10,000
the first coupon payment:
(90,000 x 4%) - $3,000 = $600
Dr Cash 3,000
Dr Discount on investment in bonds 600
Cr Interest revenue 3,600
the second coupon payment:
(90,600 x 4%) - $3,000 = $624
Dr Cash 3,000
Dr Discount on investment in bonds 624
Cr Interest revenue 3,624
Answer:
Material quantity variance =$74, 280 unfavorable
Explanation:
<em>The material quantity variance occurs when the actual quantity of material used to achieve a given level of output is more or less than the standard quantity expected.</em>
For Silmon Corporation, it can be computed as follows:
Quantity variance is
Gram
5,300 units should have used ( 5300× 5.1 ) 27,030
but did used <u>39,410</u>
Variance in quantity 12,380 Unfavorable
Price per unit <u> × $6</u>
Material quantity variance <u> $ 74,280</u>. Unfavorable
Material quantity variance =$74, 280 unfavorable
