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3 years ago

EXERCISES

Business

1 answer:

Shalnov [3]3 years ago

3 0

Answer: See explanation

Explanation:

a. go into making goods and services = Resources

b. one good or service given up in order to get another = Opportunity cost

c. business owners, managers, and workers = Producers

d. things of value that cannot be seen or touched= Service

e, the study of the choices people make as producers and consumers = Economics

f. things of value that can be seen and touched= Good

g. those who buy or use goods and services = Consumers

h. limited supply of goods and services = Scarcity

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Answer: (e.) The same pay as either a professor or as a chief economist at the Humane Society.

Explanation:

The correct answer would be option (e) because in this case there lies an ambiguity i.e. we are uncertain about skillets that an economists should be endowed with or for being a faculty member.

Therefore , it can be concluded that he would get at least as good pay as being faculty. In both cases he'll be better off.

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3 years ago

Chester's balance sheet has $105,027,000 in equity. Next year they expect Assets to increase by $4,000,000 and Liabilities to de

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Answer:

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Explanation:

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2 years ago

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lana66690 [7]

Answer:

What is BAD DEBT EXPENSE for THIS year?

4000

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3 years ago

If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric

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The answer to this item is letter C. PRICE ELASTIC. 

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

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3 years ago

Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capa

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Answer:

a) Total cost for making and buying the cookies = $900

b) Yes, she should continue to buy the cookies

Explanation:

Number of meals of order received = 300 meals

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Variable cost per meal produced =

(cost of meal produced - Gross product)/Annual contribution margin

Variable cost per meal = (13500 - 4500)/3000

Variable cost per meal = 9000/3000

Variable cost per meal = $3

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3 years ago

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