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3 years ago

Difference between relative and absolute scarcity

1 answer:

7 0

Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.

Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.

Explanation:

Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.

Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.

In relative scarcity, there is a probability of the supply to be made available later while in absolute, there is no possibility of it happening.

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The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production

masya89 [10]

Answer:

Total Equivalent Units Conversion 746,000

Explanation:

Breakfast Cereal Maker

Weighted-Average Inventory Method

Total Equivalent Units

Units Conversion Equivalent Units

Particulars %

Units completed 620,000 100 % 620,000

Add Ending WIP 180,000 70 % 126,000

Total Equivalent Units 746,000

The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.

As only conversion is required we found out the conversion units only.

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3 years ago

Which type of market research data is Roland about to analyze? Roland works as a researcher for his manufacturing firm. He has c

lozanna [386]

Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature. Primary data are collected by Roland before analysis are from first-hand or primary sources. For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data. Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

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3 years ago

Pioneer has developed a new consumer electronics item-a heterogeneous shopping product with unique patented features. it probabl

Feliz [49]

Answer: Pioneer has developed a new consumer electronics item-a heterogeneous shopping product with unique patented features. it probably should use a marketing mix of-Selective distribution, skimming pricing, pioneering.

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3 years ago

27. You want to have $1 million in your savings account when you retire. You plan on investing a single lump sum today to fund t

Serjik [45]

Answer:A and C

Explanation:

Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.

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3 years ago

Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at

lubasha [3.4K]

Answer:

VARMIT B-GONE

BUDGETED INCOME STATEMENT

sales revenue ( 90%*1500*2.4*80%*$80) $207,360

Service cost :

variable cost $17280

Maintenance and repair 15,998

Depreciation 42,000 75,278

Gross profit 132,082

marketing and administrative cost :

Marketing (variable ) 10,440

administrative (fixed)(55,000*105%) 57,750

bad debt( 2%*207360) 4,147 72,337

net income 59,745

Explanation:

service cost :

variable cost = (24,000/3600)*2592 = $17,280

maintenance and repairs = (22,000/3600)*2592 *101% = $15,998

Marketing cost = ($14,500/3600)*2592 = $10,440

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3 years ago