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3 years ago

Economic class1. What is the difference between wants and needs?

Business

1 answer:

Anton [14]3 years ago

7 0

Answer:

Want is something you can live without. Need is something you cannot live without

Explanation:

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Earth presently has 1.4 billion hectares of arable land, and each hectare produces between 1 and 2 tons of grain annually. What

olga nikolaevna [1]

Answer:

a) 2.1 billion tons/yr

b) 10.5 billion people

Explanation:

Given:

Total arable land = 1.4 billion

Grain produced by each hectare of land = 1 and 2 tons annually

therefore,

The average Grain produced by each hectare of land = $\frac{\textup{1+2}}{\textup{2}}$ = 1.5 tons/yr

Therefore,

The total grain produced annually

= average Grain produced × Total arable land

= 1.5 × 1.4 billion

= 2.1 billion tons/yr

b) Sufficient grain for each people = 200 kg

Now,

1 ton = 1000 kg

thus,

2.1 billion tons = 2.1 × 10⁹ × 1000 kg = 2.1 × 10¹² kg

The number of people Earth can support = $\frac{\textup{ total grain produced annually }}{\textup{Sufficient grain for each people}}$

The number of people Earth can support = $\frac{\textup{ 2.1}\times10^{12}}{\textup{200}}$

The number of people Earth can support = 10.5 × 10⁹ people

= 10.5 billion people

6 0

3 years ago

O’Dell Vegetables purchased a harvesting machine on July 1, 2016, for $984,000. The machine was estimated to have a useful life

dusya [7]

Answer:

Depreciation expense in 2019 is $144,050

Explanation:

O’Dell Vegetables uses the straight-line method of depreciation, Depreciation Expense each year is calculated by following formula:

Depreciation Expense = (Cost of machine − Salvage Value )/Useful Life

From July 1, 2016 to 2018:

Annual Depreciation Expense = ($984,000 - $140,000)/8 = $105,500

Depreciation Expense in 2016 = $105,500x6/12 = $52,750

Accumulated Depreciation (end 2018) = $52,750 + $105,500 + $105,500 = $263,750

From 2019, the machine would become uneconomical after December 31, 2023:

Salvage Value = 0 and Remaining useful life = 5 year

Depreciation Expense = (Historical Cost - Accumulated Depreciation - Salvage Value) / Remaining Useful Life = ($984,000-$263,750-0)/5 = $144,050

Depreciation in 2019 is $144,050

7 0

3 years ago

Which of the following is a true statement?a. when making decisions about saving and borrowing, people care about the nominal in

luda_lava [24]

Answer:

The answer is: C) A falling interest rate will lead to a movement along the demand curve for loanable funds

Explanation:

When you think about a loan, the interest rate is what you pay for getting the loan. So we can assume the interest rate is the price of the loan.

If the interest rates decrease, it is equivalent to a price decrease. Whenever the price of a good or service decreases, the quantity demanded for that good or service increases.

7 0

3 years ago

To promote and build your brand, you absolutely must

NeTakaya

I could be wrong but I feel like A would be a good answer for this

4 0

3 years ago

Read 2 more answers

Green Industries purchased a machine from Cyan Corporation on October 1, 2021. In payment for the $145,000 purchase, Green issue

agasfer [191]

Answer: $13293.59

Explanation:

The following information can be deduced from the question:

Number of periods (n) = 12

Interest rate(i) = 18%/12 = 1.5%

Purchase price = $145000

PVA = [1 -(1.015)^-12] / 0.015 = 10.90751

Monthly installments payment = Purchase price / PVA

= $145000 / 10.90751

= $13293.59

6 0

3 years ago

Economic class1. What is the difference between wants and needs?​

Economic class1. What is the difference between wants and needs?