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2 years ago

What forces businesses, industries, and governments to make decisions? services producers goods scarcity

Business

2 answers:

777dan777 [17]2 years ago

5 0

<h2>Answer:</h2>

The most powerful in their decisions is scarcity. Shortage alludes to the essential financial issue, the hole between constrained – that is, rare – assets and hypothetically boundless needs.

This circumstance expects individuals to settle on choices about how to designate assets effectively, so as to fulfill essential needs and however many extra needs as would be prudent.

klio [65]2 years ago

5 0

Answer:

Scarcity is what forces organizations to make decisions and is the most influential factor in decision making.

Explanation:

Scarcity is regarded as the basic economic problem which is encountered globally. Scarcity defines the concept of how resources are limited whilst the societal demands are infinite. For example: 100,000kgs of wheat flour is available from one a collection point (within a factory), based on the availability of resources, the organization seeks to identify the need with the highest demand (Total demand for wheat based products: Bread – 75%, Biscuits – 10% and Cakes – 15%), therefore, based on the demand, the organization can make a decision to allocate resources to produce bread.

Further explanation:

Industries, businesses and governments collectively allocate resources based on its availability and based on the level of demand communicated by society.

When decisions are been made on what should be prioritized, any establishment will look into the amount of resources available, accordingly the demand for the need is looked into. The higher the demand, the higher the degree of resources allocation is.

The scarcity helps determine what producers will produce, what services will require and utilize the available resources and what goods will be produced with the available assets.

Learn more:

1. about scarcity at brainly.com/question/4747543 by GACHSstudentE2020

2. about demand at brainly.com/question/1828126 by marks8ginatu

3. about scarce resources at brainly.com/question/1669168 by Barbaraboanada

Keywords

Resource Allocation, Scarcity, Demand

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The answer to the question is competition.

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2 years ago

Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total

raketka [301]

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

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2 years ago

The inverse demand for a drug that treats melanoma is given by P = 3,000 – 10Q, where Q measures the number of drug treatments a

LUCKY_DIMON [66]

Answer:

Profit-maximizing price per drug treatment is $2,000

Explanation:

The "cost of production" (cost of providing all treatments) is given by the area under the cost curve

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It is a right triangle with one side being the quantity (Q) and the other being the cost of the last unit being produced (10Q)

So the cost of production is: $5Q^{2}$

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2 years ago

Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a p

Ne4ueva [31]

Answer:

1. Variable Fixed

Cost of goods sold 70,000,000 30,000,000

Selling Expenses 12,000,000 4,000,000

Administrative Exp. 6,000,000 6,000,000

Total 88,000,000 40,000,000

Note:

Cost of goods sold 70% 30% on 10,000,000 for variable and Fixed respectively

Selling expenses 75% 25% on $16,000,000 for variable and Fixed respectively

Administrative expenses 50% 50% on $12,000,000 for variable and Fixed respectively

2. Unit Variable cost = Total variable cost / Units produced

Total Variable cost 88,000,000

Unit produced 1,000,000

Unit variable cost  88 

Unit Contribution margin = Selling Price - Variable cost per unit

Selling Price $188

- Variable cost per unit $88

Unit Contribution margin $100

3. Break even Point (Units) = Fixed cost / Contribution margin per unit

Fixed cost 40,000,000

Contribution margin per Unit 100

Break even Point (Units) 400,000

4. Break even point (units) = Fixed cost / Contribution margin per unit

Fixed cost 40,000,000

Increased Fixed cost 5,000,000

Total New fixed cost 45,000,000

Contribution margin per unit 100

Break even point (units) 450,000

5. Determined sales units = (New fixed cost + Desired Income) / Contribution margin

New Fixed Cost 45,000,000

Desired Income 60,000,000

105,000,000

Contribution margin 100

per unit

Determined sales units 1,050,000

6. Maximum Income from operation = Total New sales - Total New variable cost - Total Fixed cost

Sales 188,000,000

Increased sales 11,280,000

Total New sales 199,289,000

Variable cost 88,000,000

New Variable cost 5,280,000

Total New Variable cost 93,280,000

Total New Fixed cost 45,000,000

Maximum Income from 61,000,000

operation

Number of units = Increase in sales / Price per unit

New variable cost = Number of units * Unit variable cost

Increased sales 11,280,000

Price per unit 188

Number of units 60,000

Unit variable cost x 88.00

New Variable cost 5,280,000

7. Net income = Sales - Variable cost - New fixed cost

Sales 188,000,000

Less: Variable cost 88,000,000

Less: New fixed cost 45,000,000

Net Income 55,000,000

8. Option b. In favour of the proposal because of the possibility of increasing income from operation.

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2 years ago

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn

kramer

Answer: d. price control.

Explanation:

Price control is a mechanism used by government in order to control price, this is done when government sets a minimum and maximum price for certain goods and services, this is done in order to manage the purchasing power for such goods. Most times government adopt price control system for things like food, energy product, etc. Price control can lead to a situation where there will either be shortage or over supply.

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2 years ago

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