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Gnoma [55]
3 years ago
15

As an economic concept, scarcity applies

Business
2 answers:
LiRa [457]3 years ago
4 0

Answer:

A

Explanation:

bot money and time is the right answer

Masteriza [31]3 years ago
4 0

Answer:

A

Explanation:

both the poor and the rich. Scarcity requires that people must. make choices. As an economic concept, scarcity applies to. both money and time.

You might be interested in
A grocery store has three open checkout lanes. On average, 45 shoppers arrive at these lanes per hour. The coefficient of variat
jonny [76]

Answer:

The percentage decrease in utilization is 83.33%

Explanation:

According to the data, we have the following:

Coefficient of variance, m = 3

Arrival rate, ra = 45 per hour

Service rate, re = 18 per hour per lane

Therefore, in order to calculate the percentage decrease in utilization when one more checkout lane is added to the system, we have to use the following formula:

So, percentage decrease in utilization = ra / (m.re)

                                                                = 45 / (3*18) = 0.833

The percentage decrease in utilization is 83.33%

3 0
3 years ago
Comparative analysis can help managers with competitive monitoring where a company keeps tabs of its competitor's activities on
jok3333 [9.3K]

Answer:

False

Explanation:

Comparative analysis refers to comparing two or more items, processes or alternatives so as to identify trends and patterns.

Competitive monitoring refers to monitoring competitor moves with respect to their pricing and the markets of operation.

Such monitoring helps a business to react to competitors moves and devise strategies for reaping the advantages and reducing risks.

Competitive monitoring helps a company to identify right decisions as well as mistakes of the competitors which can help it in devising it's own course of action and avoid prospective losses.

Comparative analysis however does not help with competitive monitoring wherein a company through a software tacks all the activities of it's competitors.

5 0
3 years ago
A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a
lara [203]

Answer: in the inelastic portion of the demand curve

Explanation:

Remaining part of the question is:

.. in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion?

Elasticity measures how much quantity demand changes in response to a change in price.

An inelastic demand means that when prices change, demand does not change as much. You can therefore increase prices with a good that has inelastic demand and still expect close to the same demand.

If the city wants to raise as much revenue as possible from the tolls, they should increase prices on the inelastic portion. Because it is inelastic, the demand will remain close to the same which would increase revenue as the same number of people are paying higher.

8 0
3 years ago
At meetings of the quality team, Juan is nervous about suggesting ideas
SpyIntel [72]

Answer:

The correct option is;

D. Prepare by studying problems ahead of the meeting and listening carefully

Explanation:

Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;

1) Understanding the purpose of the meeting

2) Find out about the meeting agenda

3) To prepare for meetings

4) Make adequate preparation for the meeting

5) Know other attendees

6) Acquire and send out relevant information

It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting

Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.

6 0
3 years ago
Read 2 more answers
Bert had his driver s license suspended by the state department of transportation. He believes his constitutional due process ri
umka21 [38]

Answer:

No. Bert must first utilize the administrative agency's procedures to review the suspension before he seeks judicial review by a court.

8 0
3 years ago
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