The link between the Scarcity and choice is the study of how individuals and society choose to allocate scarce resources.
<h3>What is the Meaning of Scarcity?</h3>
Scarcity refers to the insufficient or the shortage of the resources with the individual or in the particular nation. For Example In any Industry there is the shortage of the skilled workers.
The complete question is attached below.
The link between the Scarcity and the Opportunity Cost is that it has the direct implication on the scarcity. In decision making process, one must has to sacrifice the opportunity cost of that action.
The link between the Scarcity and competition is due to the Lack of resources which forces people to compete for the limited resources that are accessible because there aren't enough to satisfy everyone's wants.
Additionally, people would compete for the rationing tool, such as money, whatever it may be.
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Answer:
Results are below.
Explanation:
<u>First, we need to allocate costs using the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Elliptical Machines:
Rate Fabrication= 30*600= 18,000
Assembly= 35*190= 6,650
Setup= 90*30= 2,700
Inspecting= 20*15= 300
Production scheduling= 19*40= 760
Purchasing= 5*318= 1,590
Total allocated costs= $30,000
Treadmill:
Rate Fabrication= 30*400= 12,000
Assembly= 35*223 7,805
Setup= 90*30= 2,700
Inspecting= 20*25= 500
Production scheduling= 19*30= 570
Purchasing= 5*85= 425
Total allocated costs= $24,000
<u>Finally, the unitary costs:</u>
Elliptical Machines= 30,000 / 500= $60
Treadmill= 24,000 / 320= $75
Answer:
Formal tax legislation is the process by which a proposed tax rule or tax change may become law in the United States. Formal tax legislation follows specific steps as defined by the U.S. Constitution.
Explanation:
Red blood cells
How many blood cells are in the human body? There are three types of blood cells: red blood cells, white blood cells, and platelets. Red blood cells (RBCs) are by far the most abundant type of cell in the human body, accounting for over 80 percent of all cells.
