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Sphinxa [80]
3 years ago
10

So what is economics?

Business
2 answers:
atroni [7]3 years ago
8 0
Economics has a lot to do with money it’s how we basically study politics and other things in our government like production distribution and consumption of good
pishuonlain [190]3 years ago
6 0

Answer: Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services.

Explanation:

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Management? Is it for you?
Pepsi [2]

Answer:

Not really, too much stress imo

Explanation:

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2 years ago
It is less important to account for factors like warranties and durability when purchasing a
shepuryov [24]
Long-term product or b
4 0
3 years ago
Read 2 more answers
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

Total cost = $41,000

For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour

Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
2 years ago
What is the main activity of a producer cooperative?
fomenos
I think it's C

I hope it helped you!
5 0
2 years ago
If the amount of variability due to within group differences is equal to the amount of variability due to between group differen
Anna11 [10]

If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

<h3>What is the F value?</h3>

In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.

The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.

In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

Learn more about the F value here:

brainly.com/question/24515272

#SPJ1

8 0
1 year ago
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