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2 years ago

The BEST explanation of why there will always be scarcity is because

2 answers:

6 0

Based on the given options, the most likely is answer is "D) while peoples' wants are unlimited, resources are limited." Scarcity exists because of people's uncountable desires. Thank you for your question. Please don't hesitate to ask in Brainly your queries.

Zepler [3.9K]2 years ago

3 0

D) While peoples' wants are unlimited, resources are limited.

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Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the m

BabaBlast [244]

Answer:

The answer is below

Explanation:

The graph is attached below.

a) The price elasticity of demand is given by:

price elasticity of demand = $\frac{\%\ change\ in\ quantity }{\%\ change\ in\ price}=\frac{\Delta Q}{\Delta P}$

$\Delta Q=\frac{Q_2-Q_1}{(Q_2+Q_1)/2} \\\\\Delta P=\frac{P_2-P_1}{(P_2+P_1)/2}$

Price of elasticity demand = $\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} }$

Price of elasticity demand = $\frac{\frac{50-100}{(50+100)/2} }{\frac{4.5-4}{(4.5+4.0)/2} }=\frac{-0.6667}{0.1176} =5.7$

Since the price of elasticity demand > 1, it is elastic

b) Price of elasticity demand = $\frac{\frac{200-300}{(200+300)/2} }{\frac{3-2}{(3+2)/2} }=\frac{-0.4}{0.4} =1$

Since the price of elasticity demand = 1, it is unitary

c) Price of elasticity demand = $\frac{\frac{400-450}{(400+450)/2} }{\frac{1-0.5}{(1+0.5)/2} }=\frac{-0.1176}{0.6667} =0.18$

Since the price of elasticity demand < 1, it is inelastic

6 0

2 years ago

You have been approached by the editor of Gentlemen’s Magazine to carry out a research study. The magazine has been unsuccessful

horsena [70]

Answer:

The management research question capable of developing a scientific proposal will be questions that will address the concerns of the management.

1. How Gentlemen’s Magazine can be marketed to shoe manufacturers

2. What is the profitability of shoe manufacturing?

3. What are the main sources of sales for shoe manufacturer?

4. What percentage of clothing stores also deal in the sales of shoes?\

5. What is the percentage demand of male shoes?

6. What is the profitability of shoe sales in general?

7. Will men shoes be a profitable venture for Gentlemen’s magazine? and how profitable?

8. What is the frequency of purchase of men's shoes in a year?

9. How many pairs of shoes do men purchase at one time?

10. What types of men shoes are most likely to be purchase by men?

11. What is the preferred colors of shoes purchased by men?

Explanation:

The management research question capable of developing a scientific proposal will be questions that will address the concerns of the management.

1. How Gentlemen’s Magazine can be marketed to shoe manufacturers

2. What is the profitability of shoe manufacturing?

3. What are the main sources of sales for shoe manufacturer?

4. What percentage of clothing stores also deal in the sales of shoes?\

5. What is the percentage demand of male shoes?

6. What is the profitability of shoe sales in general?

7. Will men shoes be a profitable venture for Gentlemen’s magazine? and how profitable?

8. What is the frequency of purchase of men's shoes in a year?

9. How many pairs of shoes do men purchase at one time?

10. What types of men shoes are most likely to be purchase by men?

11. What is the preferred colors of shoes purchased by men?

8 0

1 year ago

In Rick's PPI, he notes the description, location, cost, and time of purchase. What is he missing?

blsea [12.9K]

Answer:

I think A but i might be wrong

Explanation:

5 0

1 year ago

Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below

posledela

Answer:

60,000 units

Explanation:

January February

Budgeted production 50,000 60,000 (4)

Raw materials per unit 2 pounds 2 pounds

Raw materials needed 100,000 120,000 (3)

Add: Ending raw materials 36,000 (2) 48,000

Raw materials available 136,000 (1) 168,000

Less: Beginning raw 30,000 36,000

materials

Budgeted raw materials 106,000 132,000

Note:

1. Budgeted raw materials for January = Raw materials available - Beginning raw materials

106,000 = Raw materials available - 30,000

Raw materials available = 106,000 + 30,000 = 136,000 pounds

2. Raw materials needed + Ending raw materials = Raw materials available

100,000 + Ending raw materials = 136,000

Ending raw materials = 136,000 - 100,000 = 36,000

3. As the company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs, the raw materials needed for the month of February -

Ending raw materials for January = Raw materials needed for February × 30%

or, 36,000 = Raw materials needed for February × 30%

Raw materials needed for February = 36,000 ÷ 30%

Therefore, Raw materials needed for February = 120,000

4. Budgeted production × Raw materials per unit = Raw materials needed

Budgeted production = Raw materials needed ÷ Raw materials per unit

Budgeted production = 120,000 ÷ 2 pounds = 60,000 units

7 0

1 year ago

Bramble Corp. took a physical inventory on December 31 and determined that goods costing $210,500 were on hand. Not included in

Fofino [41]

hshjs

Explanation:

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3 0

2 years ago