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ira [324]
3 years ago
7

Can anyone explain me, The demand for resources?​

Business
2 answers:
RSB [31]3 years ago
7 0

Answer:

Resource Demand Determinants. With all else equal, an increase in the demand for a product that uses a particular resource will also increase the demand for that resource; likewise, if demand for a product decreases, then the demand for the resource will also decrease. Hence, resource demand is a derived demand. When the demand for gasoline increases, then there will be greater demand for oil and vice versa, since oil is a major component of gasoline and one of its major uses.

Explanation:

Mademuasel [1]3 years ago
6 0

Answer

demand for resources is determined (derived) by the products they help produce. The additional revenue generated by an additional worker (resource). In perfectly competitive product markets the MRP equals the marginal product of the resource times the price of the product.

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A closed economy has income of $1,500 billion, government spending of $260 billion, taxes of $180 billion, and investment spendi
Vikentia [17]

Answer:

(i) $940 billion

(ii) $380 billion

(iii) -$80 billion

(iv) $300 billion

Explanation:

Income, Y = $1,500 billion

Government spending, G = $260 billion

Taxes, T = $180 billion,

Investment spending, I = $300 billion

As Y = C + G + I

Consumption spending, C = $1,500 - $260 - $300

                                            = $940 billion

Private savings = Y - T - C

                          = $1,500 - $180 - $940

                          = $380 billion

Public saving = T - G

                      = $180 - $260

                      = -$80 billion

National saving = private + public

                          = $380 - $80

                          = $300 billion

5 0
3 years ago
Which of the following would further an economic goal of efficiency
kotegsom [21]
The best way to increase economic efficiency on both a small and large scale is to divide labor tasks. This way each person or entity becomes a specialist in their field and output is increased and improved.
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8 0
3 years ago
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Flying Cloud Co. has the following operating data for its manufacturing operations: Unit Selling price $250 Unit Variable Cost 1
Ket [755]

Answer:

Option (A) is correct.

Explanation:

Initial break even:

Let x be the no. of units in the initial break even.

Sales = Costs

Unit Selling price × No. of units = Unit Variable Cost × No. of units + Total fixed costs

250 × x = 100 × x + 840,000

150 × x = 840,000

x = 5600 units

10% increase in variable cost(new):

= Unit Variable Cost + 10% of Unit Variable Cost

= 100 + 100 × 0.10

= 110

4% increase in fixed cost(new):  

= Total fixed costs + 4% of Total fixed costs

= 840,000 + 840,000 * 0.04

= 873,600

Break Even:

Let y be the no. of units in the break even.

Sales = Costs

Unit Selling price × No. of units = Unit Variable Cost new × No. of units + Total fixed costs new

250 × y = 110 × y + 873,600

140 × y = 873,600

y = 6,240

Change = y - x

Change = 6,240 - 5,600

Change = 640 increase

5 0
3 years ago
Which of these statements correctly describe the chart of accounts and the general ledger? (Select allthat apply.)Select one or
schepotkina [342]

Answer:

b. The chart of accounts is a list of accounts that includes numbers and descriptions.

c. The general ledger is a list of accounts that includes numbers, descriptions, and changes in those accounts.

d. The general ledger is known as the core of any accounting system.

Explanation:

The chart of account refers to the various types of accounts i.e revenue, expenditure, asset, liabilities and so on which depicts the number of accounts, the descriptions of account, nature of the account, and the categories in which they are lying.  

Whereas the general ledger is the recording of the transactions held by the business which also includes account number, their descriptions, and the changes held in those accounts. Plus, it is also known as the core of any accounting system

7 0
3 years ago
True or False<br> A business plan is a sketch of a new product idea.
Likurg_2 [28]
True, in some cases I would argue.
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3 years ago
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