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IgorC [24]
1 year ago
13

Which of these statements demonstrate the economic concept of scarcity? check all that apply. all useful resources are limited i

n their supply. everyone is able to meet all their wants and needs the wants and needs of people are unlimited. resources are scarce, which explains why we are willing to pay for them. a large economy is able to eliminate the effects of scarcity. because of scarcity, individuals must make choices?
Business
2 answers:
Zigmanuir [339]1 year ago
7 0
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
adelina 88 [10]1 year ago
4 0

Answer:

All useful resources are limited in their supply.

The wants and needs of people are unlimited.

Resources are scarce, which explains why we are willing to pay for them.

Because of scarcity, individuals must make choices.

Explanation:

You forgot one :)

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Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are
AfilCa [17]

Answer: A. Market Period.

B. Long Run

C. Short Run

Explanation:

A.Output and the number of firms are fixed

The MARKET PERIOD is a very short period that refers to a situation where all resources are FIXED. This means that Output itself is fixed and therefore cannot adjust to demand.

B.Plant capacity is flexible. Firms can enter and exit an industry.

This is the LONG RUN. A time where all resources are Variable. This means that factors such as Plant Capacity which is FIXED in the Short Run will simply be Variable and hence flexible in the long run. Other Firms are also free to enter or leave the Industry during this time.

C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed

This refers to the SHORT RUN which is a situation where AT LEAST one resource is FIXED and others are VARIABLE. As long as there is a Fixed Resource with some Variable Resources, it is the Short Run. Plant Capacity and Number of Firms are fixed but Labor is Variable. This makes this scenario a Short Run Scenario.

4 0
2 years ago
A company made a profit of $25,000 over a period of 5 years on an initial investment of $10,000. What is its annualized ROI? . A
gayaneshka [121]
A company made a profit of $25,000 over a period of 5 years on an initial investment of $10,000. What is its annualized ROI?

Answer: Out of all the options shown above the one that best represents the annualized ROI is answer choice C) 30%. To solve this you first need to determine the data that will be needed to solve it. In this case the initial investment which is 10,000, the total profit: 25,000, and finally the total number of years: 5. Then we simply use the following formula: Return on Investment = (Gain from Investment - Cost of Investment)/ cost of investment. You then multiply the result by 100% and finally divide by the number of years which in this case is 5.

I hope it helps, Regards.
7 0
2 years ago
Read 2 more answers
Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flo
agasfer [191]

Answer:

See below

Explanation:

Statement of cash flow for ATM SOFTWARE

• The figures seems to be in thousands already.

Cash flow from operating activities

Net income

$11,800

Increase in Account receivable

($4,030)

Decrease in Account payable

($1,730)

Depreciation expense

$5,435

Decrease in inventory

$1,445

Decrease in prepaid rent

$875

Net cash flow from operating activities

$13,795

Cash flow from investing activities

Sale of land

$8,590

Purchase of equipment

($39,715 )

Net cash flow from financing activities

($31,125)

Cash flow from financing activities

Issuance of stock

$12,925

Long term note payable

$16,345

Purchase of treasury stock

($2,585 )

Payments of dividends

($6,310)

Net cash flow from financing activities

$20,375

Net increase in cash

$1,725

Cash at the beginning

$8,215

Cash at the end

$9,940

5 0
1 year ago
For each of the following independent situations, indicate the reason for and the type of financial statement audit report that
Nimfa-mama [501]

Answer:

a. Standard inadequate review report

Standard inadequate review report ought to be given right now according to U S GAAP an organization can picked either LIFO or FIFO stock technique for inventories held in U S Also, there doesn't appear to be any issue in utilizing a non-GAAP strategy for inventories held in remote activities  

b. Standard unfit review report  

As the lawful insight has guaranteed that the body of evidence against S Software has no merit, it would have no impact on the fiscal summaries of the organization. In this manner, no disclosure is required comparable to the case  

c. Unfit report remembering an illustrative section for change for bookkeeping head  

The change in bookkeeping treatment a the auxiliary is because of limitations on repatriation of income put on all outside claimed organizations in Panama Therefore, it is adequate and no compelling reason to qualify the report However, a logical section ought to be added to the report clarifying the adjustment in bookkeeping head  

d. Inadequate report including

lanatory paragaph for change in bookkeeping head  

e. Standard inadequate review report  

As the adjustment in the administration lives for deterioration purposes on automobiles is legitimized, a standard inadequate review report ought to be given  

f. Standard unfit review report  

Right now, blunder was accidental and the administration fittingly remedied the mistake before the finish of field work Therefore, a standard inadequate review report ought to be given  

g. Qualified review report including a disclaimer of feeling.  

Right now, examiner possesses 10 percent of the organization's stock Therefore, the reviewer will be not viewed as free as there is an irreconcilable circumstance Thus, a certified review report including a disclaimer of conclusion ought to be given  

h. Adverse review report  

It is obvious from the survey of credit portfolio that there would be a significant increase in the advance misfortune save Al, writedown of the advances will place the customer into infringement of the state's capital requirements Therefore, plainly a going-concern issue to However, the customer is refining to make changes in accordance with disclose the conceivable going concern issue in the notes to the fiscal reports In such case, the evaluator should give an unfriendly review.

4 0
1 year ago
One good thing about interviewing using video conferencing technology is that you do not have to worry about investing in profes
ICE Princess25 [194]

False because interviewing using video conferencing technology is either the person interviewing is not available or is out of country or state which are possible reasons why they would interview you using video conferencing technology. But, it's definitely not because to see if you are in professional clothing for the interview or not. Hope this clarify the everything.

<em>* Hopefully this helps:) !! Mark me the brainliest:)!!!</em>

<em>∞ 234483279c20 ∞</em>

6 0
2 years ago
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