The reason everybody doesn't have what they want is that, i<span>f everybody could </span>have everything<span> they </span>want<span>, whenever they </span>want<span> it, then </span>we<span> wouldn't need economics. Or maybe politics or warfare, either. </span>We<span> could all just sit around playing on top of our endless mountain of toys. But the real world doesn't work quite like that. </span>We can't have<span> it all. </span>We have<span> to make choices. Hope I helped!</span>
Answer:
more
Explanation:
we know that here Price Elasticity of demand is express as
Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price ...........................1
so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.
Answer:
1. False,
2. False,
3. False,
4. True
Explanation:
1. Managerial accounting reports focuses on entire net profit and not specifically the manufacturing and non manufacturing cost, and are not specifically used in the budget process.
2. No financial accounting reports all the finance related issues in details but is not divided into sub units.
3. No managerial reports are not audited, they are for internal controls and are to follow GAAP but not mandatory requirement for audit.
4. Managers are responsible for the management of business, for this the main three steps are: Planning Directing and controlling.
Answer:
The answer is $327 loss
Explanation:
Gain (loss) = Carrying Value-buy back value
= 102673-103000
(loss) = 327
So the answer is <u>$327 loss</u>
Answer:
<em>Less than</em>
Explanation:
The services which are privately consumed that generates benefit to the third party that is also known as the Positive Externality.
For the example, the college education, it is basically a private or personal benefit for the one who is studying and getting the private benefit as its education, <em>and it is usually </em><u><em>less than</em></u><em> the socially optimal level regarding the consumption.
</em>
Because the socially optimal level is the point where MSB (that is the marginal social benefit) intersects MSC (that is the marginal social cost).