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2 years ago

How do scarce resources influence you personally? What impact does this have on your financial management?

1 answer:

3 0

Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work.

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources.

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A(n _____ contract carries the least risk for suppliers.

Mandarinka [93]

The contract that carries the least risk for suppliers is CPPC. In this type of contract the buyer pays the supplier for allowable performance cost and pre-determined percentage based on total cost. The full meaning of CPPC is Cost Plus Percentage of Cost.

3 0

2 years ago

The demand for yak butter is given by 150 – 3pd and the supply is 3ps – 30, where Pa is the price paid by demanders and ps is th

andreev551 [17]

Answer:

1) Attached

2) 150-3p = 3p-30

3) P=30, Q=60

4) 150-3p = 3p-90

5) P=40 and Q=30

6) Ps=Pd+10

7) P=35, Q=45

8) P=45, Q=45

Explanation:

We can write the equation for the quantity demanded as:

$Q_d=150-3p_d$

And the equation for the quantity supplied as:

$Q_s=3p_s-30$

1) Attached

2) The equilibrium price can be calculated by making the quantity supplied equal to quantity demanded:

$Q_s=Q_d\\\\3p-30=150-3p\\\\6p=150+30=180\\\\p=180/6=30$

3) The equilibrium price is P=30.

The equilibrium quantity can be calculated as:

$Q_s=150-3*30=150-90=60$

The equilibrium quantity is Q=60.

4) The supply now becomes:

$Q'_s=3p_s-90$

The equation for the new equilibrium price is:

$Q_d=Q'_s\\\\150-3p=3p-90\\\\6p=150+90=240\\\\p=240/6=40$

$Qd=150-3*40=150-120=30$

5) The new equilibrium is at p=40 and Q=30

6) They will receive

$p_s=p_d+subsidy=p_d+10$

7) In this case, the quantity supplied becomes:

$Q_s=3p_s-90=3(p+10)-90=3p+30-90=3p-60$

The new price equilibrium becomes P=35:

$Q_s=Q_d\\\\3p-60=150-3p\\\\6p=150+60\\\\p=210/6=35$

The quantity for this equilibrium is Q=45:

$Q_d=150-3*35=150-105=45$

8) Now, the equations for demand and supply are:

$Q_s=3p-90\\\\Q_d=150-3(p-10)=150-3p+30=180-3p$

The equilibrium price and quantity becomes:

$Q_d=Q_s\\\\180-3p=3p-90\\\\6p=180+90\\\\p=270/6=45\\\\\\Q_d=180-3*45=180-135=45$

7 0

2 years ago

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan

Lady bird [3.3K]

Answer:

$10,400 Favorable

Explanation:

The computation of labor efficiency variance for June is shown below:-

For computing the labor efficiency variance for June first we need to find out the standard hours

Standard hours = 0.5 hours per unit × 3,100 units

= 1,550 hours

Now, we will put it into formula

Labor efficiency variance = (Standard hours - Actual hours) × Standard rate

= (1,550 - 510) × $10

= $10,400 Favorable

Therefore for computing the labor efficiency variance for June we simply applied the above formula.

7 0

2 years ago

Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to r

ololo11 [35]

Answer: B) Open to Trial

Explanation:

6 0

2 years ago

In France, fine dressmaking and tailoring have been a tradition predating Queen Marie Antoinette. Cloth manufacturers, design sc

swat32

Answer:

A. related and supporting industries

Explanation:

In France, industries related to high fashion have been established since the 18th century. This creates a positive feedback loop in which the participants compete amongst themselves, but also support each other, for example, forming econmies of scale and supply chains.

3 0

2 years ago