Answer:
b. why, when, and how goods and services should goods be produced?
Explanation:
The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?
These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.
Answer:
$2.45
Explanation:
Fixed cost = $9,800
Variable cost:
= Units sold × (cost of the ice cream and cone + franchise fee)
= 24000 × ($0.76 + $0.24)
= $24,000
So,
total cost = Fixed cost + Variable cost
= $9,800 + $24,000
= $33,800
Profit = $25,000
Now,
Sales = $58,800
Sales unit = 24,000
So,
Sales price per unit:
= $58,800 ÷ 24,000
= $2.45
Hence, the price one should charge for each ice cream cone to achieve a $25,000 profit for the three-month period is $2.45.
The belief that everyone should have exactly the same amount of income is B. <span>egalitarian principle.
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The official definition of poverty is C. <span>a relative measure.
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A straight-line Lorenz curve shows A. <span>an equal distribution of money income.
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Which of the following is NOT a correct criticism of the Lorenz curve? D. <span>It does not deal with differences in family size.
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The typical age-earnings cycle shows that C. <span>there is a positive relationship between age and earnings that eventually turns into a negative relationship.</span>
Answer:C. Purchasing treasury stock
Explanation:Treasury stocks are stocks that were repurchased by the issuing company,this repurchased quantity is always guided by the laws existing in the country. This repurchased stock reduces the amount of the outstanding stock of the company available for sale. Treasury stocks are always repurchased at a higher price,hence increasing the stock owner's earnings per share.
