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Advocard [28]
3 years ago
8

Which of the following principles underlies the interaction of individual choices? a Marginal analysis is used for "how much" de

cisions. b People usually exploit opportunities to make themselves better off. c Resources are scarce. d There are gains from trade.
Business
1 answer:
GalinKa [24]3 years ago
6 0

Answer:

d There are gains from trade.

Explanation:

A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).

Thus, trade creates an enabling environment that suits a specific service provider or producer of a particular product.

Basically, the interaction of individual choices underlies the fact that there are gains from trade.

This ultimately implies that, as a result of the difference between human needs and wants, there is always an opportunity for various producers to manufacture goods and services to meet the needs or requirements of these customers.

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Which of the following should be considered last when searching for financing?
Delvig [45]

Credit cards Because if your not carful you may end up owing a lot of money

3 0
3 years ago
Read 2 more answers
Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by i
Marrrta [24]

Answer:

increased measured GDP by the full value of the restaurant meals.

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

Some items are not included in the calculation of GDP. Some of these items are :

1. Services rendered to ones self

2. Intermediate goods

3. Illegal activities

4. Transfer payment by government.

Households cooking at home is an example of services rendered to ones self and it is not included in the calculation of GDP.

While services rendered by resturants are included in the GDP through consumption spending by households.

So if families decide to eat more at resturants, GDP is increased by the full value of resutrant meals.

I hope my answer helps you

6 0
3 years ago
If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was
Paraphin [41]

Calculation of amount of actual sales (dollars):

Step-1: Calculation of break-even in sales dollars:

Break-even in sales dollars = Fixed costs / (100%- Variable Cost %)

Break-even in sales dollars = 1875000 /(100%-80%)

Break-even in sales dollars = 1875000 /20%

Break-even in sales dollars = $9,375,000

Step-2: Calculation of actual sales:

Actual Sales = Break-even in sales dollars / (100% -Margin of safety %)

Actual Sales = 9375000 /(100%-20%)

Actual Sales = 9375000 /80%

Actual Sales = $11,718,750

Hence, the Amount of actual sales (dollars) is $11,718,750

6 0
3 years ago
Run Scenario 1 using the following inputs: Inter-arrival time = 5 hours, mean length of stay = 16 hours, standard deviation of i
Anna35 [415]

Answer:

80%

Explanation:

The capacity utilization rate evaluate the proportion of potential economic output that is actually realized.

To solve for theoretical utilization, we use the following formula as given below;

Theoretical Utilization = {p/(ma)}×100

Where we have our variables as,

p=16

m=4

a=5

Imputing variables into the formula we have

Theoretical utilization = {16÷(4×5)}×100

= {16/20}×100

=0.8×100

=80%

6 0
4 years ago
The funds dispensed at the ATM machine located near the checkout line at the Kroger's in Union Kentucky, follows a normal probab
Neporo4naja [7]

Answer:

0.00914 ; 0.0062 ; 0.9847

Explanation:

Given the following :

Normal distribution :

Mean(m) = $4200

Standard deviation (sd) = 720

Amount VERY low = < 2500

Amount very high = > 6000

a. What percent of the days will the bank be notified because the amount dispensed is very low?

x < 2500

Finding the z-score :

Z = (x - mean) / standard deviation

Z = (2500 - 4200) / 720

Z = - 1700 / 720 = −2.361111

P(z < −2.361111)

Locating −2.361111 on the z- distribution table

-2.3 under 0.06 = 0.00914

P(z < −2.361111) = 0.00914

B) What percent of the time will the bank be notified because the amount is very high?

x > 6000

Finding the z-score :

Z = (x - mean) / standard deviation

Z = (6000 - 4200) / 720

Z = 1800 / 720 = 2.5

P(z > 2.5)

Locating 2.5 on the z- distribution table = 0.9938

P(z > 2.5) = 1 - 0.9938 = 0.0062

c. What percent of the time will the bank not be notified regarding the amount of funds being dispensed?

P(2500 < X < 6000)

P(2500 < X < 6000)

P(-2.36 < z < 0) + P(0 < z < 2.5)

= 0.4909 + 0.4938

= 0.9847

7 0
3 years ago
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