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alexdok [17]
3 years ago
5

A large, new diamond mine has just opened, and the price of diamonds has gone down. Since she has studied economics, Cecilia dec

ides to buy a diamond necklace since she knows that diamonds are in great demand. diamonds are a nonrenewable resource, making them scarce. the cost of diamonds depends only on the demand. the purchase of diamonds will satisfy wants and needs.
Business
2 answers:
lozanna [386]3 years ago
5 0

(B) diamonds are a nonrenewable resource, making them scarce.

Now from an Economist perspective, she bought a diamond necklace when the price was low, she knows that sooner or later the prices will go up. Cecilia knows that the only way to increase the value of diamonds is to make them scarce. How then do mining companies make diamonds scarce, they simply reduce production, and then the price will go up.

Ksenya-84 [330]3 years ago
5 0

The answer is B.diamonds are a nonrenewable resource, making them scarce.

i just took the test!!!

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Marina CMI [18]
Aware or informed - knowledgeable accessible
3 0
3 years ago
Describe the relationship between farmers and co-operative​
Alecsey [184]

Answer:

An agricultural cooperative, also known as a farmers' co-op, is a cooperative where farmers pool their resources in certain areas of activity. ... Supply cooperatives supply their members with inputs for agricultural production, including seeds, fertilizers, fuel, and machinery services.

Explanation:

5 0
2 years ago
The following transactions were selected from among those completed by Hailey Retailers in the current year:
natali 33 [55]

The appropriate journal entry for each of these transactions,

Date                         Journal entry                        Debit                    credit

Nov 20                Cash    a/c                                441

                           credit card discount                  9

                         To sales revenue                                                        450

Nov 25        Accounts receivable                      2800

                    To sales receivable                                                   2800

Nov 28        Accounts receivable                 7200

                    To sales receivable                                               7200

Nov 30        Sales return                            600

                To account for receivable                                           600

Dec 06      Cash                                         6468

                  sales discount                         132

                 To accounts receivable                                   6600

Dec 30      Cash                                          2800

                 To accounts receivable                                   2800

Net sales:450+2800+7200-600-132

              = 9718

Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.

A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.

A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.                

Learn more about transactions here brainly.com/question/5007419

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6 0
2 years ago
What is one drawback of pure competition compared to monopolies?
frutty [35]

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

  • There are no dominant suppliers.
  • There is ease of entry and exit into the market
  • Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

8 0
3 years ago
Read 2 more answers
In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. T
Aleksandr-060686 [28]

Answer:

1500

Explanation:

Breakeven point is the number of units produced and sold where net income is art on it is where revenue equals cost.

The formula for calculating break even points = F / (P - V)

F = fixed cost

P = price

V = variable cost per unit

$270,000 / ($600 - $420) = 1500

I hope my answer helps you

6 0
3 years ago
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