scarcity: a. exists because resources are unlimited while human wants are limited. b. is not an issue addressed in economics. c. will likely be eliminated as technology continues to expand.

Answers

Answer 1

The solutions are all accurate. We have finite resources and limitless needs, which causes scarcity. We have constrained resources and limitless wants, hence there is scarcity. All choices include costs since resources are limited.

Why do people have limitless wants but few resources?

Resources are scarce because there is a finite amount of land, labor, and capital available to satisfy the unlimited number of human desires. Choices must be taken when determining how to distribute limited resources due to the tension between society's limitless needs and our finite resources.

Is there always a lack?

When demand for products and services outpaces supply, scarcity exists. People consider the costs and advantages of their choices while acting in their own self-interest.

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Related Questions

Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?

Answers

The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.

What is training?

Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.

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U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. A mortgage brokerage firm is looking into first-time borrowers that are entering the market. The firm believes that the percentage of first-time borrowers that pursue FHA financing increased from the previous 49%. They collect data from 131 first-time home buyers and found that 58.8% selected FHA financing. The population standard deviation is 10.29. What does the evidence show for α=0.15?

Answers

Since the calculated P-value is less than the significance level, α = 0.15, we can reject the null hypothesis

From the question above, ,Population standard deviation, σ = 10.29

Sample size, n = 131

Sample proportion, P = 0.588

We can determine the test statistic using the following formula. Z= (P - p) / sqrt[pq/n]

Where p is the hypothesized population proportion.p = 0.49 (Given that 49% were earlier using the FHA financing)

q = 1 - p= 1 - 0.49= 0.51

Now, substituting the values in the above formula,Z= (0.588 - 0.49) / sqrt[0.49 × 0.51 / 131]= 1.856

The test statistic (Z-value) is found to be 1.856.Z = 1.856 corresponds to a P-value of 0.03 (approximately).

Since the calculated P-value is less than the significance level, α = 0.15, we can reject the null hypothesis .Therefore, the evidence shows that the percentage of first-time borrowers that pursue FHA financing increased from the previous 49%.

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The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.

Answers

yes, no matter what company say, they need money for funding for "social change"

The Market Place is considering a new four-year expansion project that requires an initial fixed asset investment of $1.67 million. The fixed asset will be depreciated straight-line to zero over its four-year tax life, after which time it will have a market value of $435,000.The project requires an initial investment in net working capital of $198,000, all of which will be recovered at the end of the project. The project is estimated to generate $1,850,000 in annual sales, with costs of $1,038,000. The tax rate is 21 percent and the required return for the project is 16.4 percent. What is the amount of the annual operating cash flow? $729,155 $811,500 $985,764 $515,600

Answers

Annual operating cash flow is the cash inflows generated by a project after deducting operating expenses, which are any outflows that occur regularly over the project's life. In addition, initial capital expenditures are not included in annual operating cash flows. Step 1: Calculate the annual depreciation, Step 2: Calculate the earnings before interest and taxes , Step 3: Calculate the taxes Taxes = Tax rate × (EBIT - Depreciation).  the amount of the annual operating cash flow is $729,155.

Here are the steps to calculate the annual operating cash flow:

Step 1: Calculate the annual depreciation The annual depreciation is equal to the initial investment in the fixed asset minus the expected salvage value, divided by the useful life of the asset:$1,670,000 - $435,000 / 4 = $308,750

Step 2: Calculate the earnings before interest and taxes (EBIT)Sales revenue - Operating expenses = EBIT$1,850,000 - $1,038,000 = $812,000

Step 3: Calculate the taxes Taxes = Tax rate × (EBIT - Depreciation)$198,060 = 21% × ($812,000 - $308,750)Step 4: Calculate the annual operating cash flow

Annual operating cash flow = EBIT + Depreciation - Taxes$729,155 = $812,000 + $308,750 - $198,060. Therefore, the amount of the annual operating cash flow is $729,155.

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Drag each label to the correct location on the image.
Differentiate between the factors that influence the customer's behavior based on the given scenarios.
Tony is contemplating purchasing
a new sports car, but his family
wants him to invest in an SUV.
Tina really wants to purchase
that new cosmetic product,
but she has learned that the
company participates in animal
testing, which she is against.
Carrie has gotten into an
argument with her best friend.
She feels bad because she said
some hurtful things to her friend.
So she buys her friend's favorite
Laura's friends want her to
purchase that flashy evening
dress for the Christmas party, but
she doesn't think it will suit her.
Clive wants to take his family on
a vacation to South Africa, but
he doesn't have enough savings
to make that happen.
Ron wants to buy a dessert for
a dinner party he has been invited
to. He remembers his friends
talking about this particular
cheesecake that is delicious

Answers

The following variables play a role in determining how customers behave in each scenario: social influence, individual values, emotional state, individual preferences for fashion, financial restraints, and word of mouth.

What additional elements might have been elaborate in detail?

Provide specific details. Babies, teens, middle-aged adults, and the elderly are other age-related considerations that should be taken into account because they all have various wants and requirements for cosmetics and beauty products.

What are the specific factors influencing customer behaviour?

Many elements, including circumstance, psychological, environmental, and marketing aspects, as well as individual, familial, and cultural influences, affect consumer behaviour. Companies make an effort to gather data so they may decide how to most effectively contact their target audience.

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which of the following is not one of the common methods for producing a net charge on an object?

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Production of additional charges of a particular sign by strong pressurization or depressurization is not one of the common methods for producing a net charge on an object.

"Net" refers to the sum after positive and negative charges have been included. When an atom contains more electrons than protons, this is referred to as having a net charge on it. Because the charges add up to positive and negative values, the +1 charge entirely cancels out the -1 charge. The SI unit for net charge is the coulomb.

If there are more protons than electrons, the net charge of the thing is positive. If an object has more electrons than protons, it has a negative charge. If the protons and electrons in a thing are equal, the object is electrically neutral.

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Jeremy has a dispute with a local tree removal company. After a big storm had come through the area, Jeremy had to hire the company to remove a big tree. The two parties had agreed to the price of $1,500. However, the company never finished the job. The company left when the tree was only half removed. Jeremy and his dad finished the rest of the removal two weeks later. Jeremy does not think he owes the tree removal company anything. The tree removal company however wants to be paid. Jeremy offers them $500 in settlement of their dispute. The tree company accepts. This agreement can best be described under contract law as ______________________.

Answers

Answer:

The answer is an accord and satisfaction.  :)

Explanation:

Let me know if there is anything else that you would need help with!

Jeremy offers them $500 in settlement of their dispute. The tree company accepts. This agreement can be best described under contract law as an accord and satisfaction.

What is a contract?

The contract simply means a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.

If one of the parties fails to keep the promise, the other is entitled to legal redress. The law of contracts considers such questions as whether a contract exists, what its meaning of it is, whether a contract has been broken, and what compensation is due to the injured party. Contract law is the product of a business civilization. It will not be found, to any significant degree, in noncommercial societies.

Most primitive societies have other ways of enforcing the commitments of individuals; for example, through ties of kinship or by the authority of religion.

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Why is it important for economists to determine factors influencing real GDP ?

Answers

Answer:

It is a key indicator of the overall health and growth of the economy, and it is used to determine economic policy going forward. For example, the Federal Reserve factors real GDP as well as the rate of inflation into its decisions on influencing the money supply.

All of the following are advantages of various appraisal tools except that
a. alternation ranking is simple to use.
b. forced distribution results depend on the adequacy of the original choice of cutoff points.
c. BARS is very accurate.
d. a graphic rating scale is simple to use.
e. MBO is tied to jointly agreed goals.

Answers

The answer to this question is option c, which states that Behavioral Anchored Rating Scales (BARS) are very accurate.

While BARS is a valuable appraisal tool that allows for a more specific and detailed assessment of an employee's performance, it is not necessarily considered to be the most accurate tool. The accuracy of BARS depends on how well the performance dimensions have been identified and defined, which can be subjective and prone to errors. On the other hand, options a, d, and e all state advantages of various appraisal tools, such as simplicity and goal-setting.

Option b highlights a limitation of the forced distribution method, which can be affected by the subjective choice of cutoff points. Overall, appraisal tools can have various advantages and disadvantages, and it is important to choose the most appropriate tool based on the specific needs and goals of the organization.

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write on perfect competition​

Answers

Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market. lol

2. What are the problems can someone have without personal finance knowledge?

Answers

The lack of financial literacy can lead to a number of pitfalls, such as accumulating unsustainable debt burdens, either through poor spending decisions or a lack of long-term preparation. This in turn can lead to poor credit, bankruptcy, housing foreclosure, or other negative consequences.

What's wrong with this slide?
A.The font size is too small
B.Black text on a white background is difficult to read.
C.Tables should not be used in presentations,
There’s too much information

What's wrong with this slide?A.The font size is too smallB.Black text on a white background is difficult

Answers

the font size is to small (a) and there’s to much info (d) i think

fill in the blank. the economic principle of___says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

Answers

The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

Substitution refers to the practice of utilizing a less costly alternative if a commodity appears to be overly expensive or beyond the consumer's budget.

The economic principle of substitution refers to the idea that people will substitute goods or services that are more cost-effective or efficient. This economic principle is used in situations where similar commodities can be used in place of one another.

When there are two or more competing goods with similar attributes, the cheaper one is more likely to be purchased.

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assume that households have positive wealth. which of the following explains how the income effect of an interest rate increase affects consumption?

Answers

The income effect of an interest rate increase affects consumption: As the interest rate increases, nonlabour income increases and current consumption increases.

What is interest rate?

Interest rate is the cost of borrowing money or the rate of return earned by an investor. It is typically expressed as a percentage of the principal amount borrowed or invested over a certain period of time. Interest rates are determined by a variety of factors, such as the risk associated with the loan, the borrower's credit rating, the type of loan and the amount of money being borrowed. Generally, the higher the risk associated with lending the money, the higher the interest rate. Interest rates can vary from one lender to another, so it is important to shop around to find the best deal.

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Complete Question:
Assume that households have positive wealth.

Which of the following explains how the income effect of an interest rate increase affects consumption?

As the interest rate increases, nonlabour income increases and current consumption increases.

As the interest rate increases, the opportunity cost of current consumption falls, and therefore current consumption increases.

As the interest rate increases, permanent income increases and future consumption increases.

As the interest rate increases, expected future income increases and future consumption increases.

fresh eggs moving from farms to a retailer and then on the final consumer , identify points in the supply chain where the eggs might used to be stored. Why is it essential to move eggs quickly down the supply chain?​

Answers

Eggs are regarded as the ideal food. They are vitamin and protein-rich, easy to prepare, and affordable for even the retailer most frugal food buyers. To meet demand, it is supply chain that egg production would increase by 50% by 2030.

The advantages of keeping a high supply chain velocity are several. Not only can higher supply chain velocity boost customer happiness, but it can also shorten shipment times, lower shipping costs, improve inventory tracking, and streamline operations for more retailer efficiency. It's crucial to take immediate action and foresee when supplies are likely to run low in order to promptly place orders and maintain control over supply and resources.

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A company has deposited an NSF check in its bank account. Which adjustment must be done in the bank reconciliation statement?
A. The amount must be added to the checkbook balance.
B. The amount must be deducted from the checkbook balance.
C. The amount must be added to the bank balance.
D. The amount must be deducted from the bank balance.

Answers

Answer:

B. The amount must be deducted from the checkbook balance.

Explanation:

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.

Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent not-sufficient funds (NSF) checks.

A not-sufficient funds (NSF) checks refers to a check that isn't honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check

In this scenario, a company has deposited an NSF check in its bank account. The adjustment which must be done in the bank reconciliation statement is that, the amount must be deducted from the checkbook balance.

in established businesses, a large proportion of b2b purchases fall into the __________ category.

Answers

In established businesses, a large proportion of b2b purchases fall into the category of recurring purchases.

Recurring purchases refer to the products or services that a business requires on a regular basis to maintain its operations. These purchases are usually made in large quantities and are a vital part of the company's day-to-day activities. Examples of recurring purchases include office supplies, raw materials, and maintenance services. In established businesses, these purchases form a significant part of the total b2b purchases made by the company. This is because the business needs to maintain a steady supply of these products or services to ensure smooth operations. Recurring purchases also offer a reliable source of revenue for the suppliers as they can expect a regular flow of orders from the business.

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An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for…

Answers

Answer:

blehhhhhhhjhhhhhhh

Explanation:

bonds that require payment of the full principal at a single maturity date are known as term_____bonds.

Answers

Bonds that require payment of the full principal at a single maturity date are known as term bonds.

How will you describe term bonds?

An expiry date is a feature of a term bond. Due to their set maturity dates and lesser risk than traditional bonds, they provide you with the chance to invest in bonds at lower interest rates. Term bonds are often issued by state or municipal governments, although some businesses also do so for retirement savings schemes for their employees.

How Are Term Bonds Operated?

There are typically two methods to purchase bonds issued by businesses and governments: face value and market value (also known as "par"). Bond prices are intimately correlated with interest rates, so as rates rise, bonds sell for less money, and vice versa. Investors have the option of reselling their normal bonds on the market. Term bonds may be the ideal option if you're seeking for a secure investment because they feature lower interest rates than conventional bonds. Investing in high-quality bonds with little risk is also possible with term bonds.

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Select the correct answer.
A restaurant manager reads a study on the health habits of the local community. However, he wants to validate this information with an internal secondary data source. Which of the following should he consult?

A. a census bureau report
B. newspaper articles from a national source
C. market research study
D. his company’s financial statements
E. networking contacts

Answers

Answer: C

Explanation: An internal source to validate the data is a marketing research paper that the business has already completed.

Answer:

C

Explanation:

right on edmentum

as of the end of the fiscal year, a capital projects fund has material balances of supplies inventory. which fund balance classification would reflect the inventory of supplies?

Answers

The fund balance classification that would reflect the inventory of supplies in a capital projects fund at the end of the fiscal year is the nonspendable fund balance.

This is because the supplies inventory cannot be spent or utilized in the fund's operations and must be carried over to future periods. Nonspendable fund balance is a category of fund balance that includes amounts that are not in a spendable form, such as inventory or prepaid expenses.

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We _________ afford a new car this year.

should

might

may

can​

Answers

the answer would be d.can
Answer:
Can

We can afford a new car this year.

the perspective that hso employees should be viewed as a strategic asset means:

Answers

Viewing HSO (health service organization) employees as a strategic asset means recognizing their value in achieving organizational goals and success. This perspective emphasizes the importance of investing in employee development, engagement, and retention to enhance their knowledge, skills, and abilities, which in turn can lead to better patient outcomes, increased productivity, and higher job satisfaction.

By recognizing employees as a strategic asset, HSOs can also improve their reputation as an employer of choice and attract top talent to join their workforce. Additionally, this perspective promotes a culture of trust, collaboration, and empowerment, which can foster innovation, creativity, and continuous improvement. Overall, viewing HSO employees as a strategic asset can contribute to the long-term sustainability and growth of the organization.

The perspective that Human Service Organization (HSO) employees should be viewed as a strategic asset means that these employees are considered valuable resources who play a critical role in achieving the organization's goals and objectives. By recognizing their importance, the organization can invest in their development, effectively manage their performance, and retain top talent, leading to improved outcomes for the organization as a whole.

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How do you think companies determine the price for their products?

Answers

Answer:

Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.

The Howe family recently bought a house. The house has a 30 year, $162,902.00 mortgage with monthly payments and a nominal interest rate of 4.4 percent. What is the total dollar amount of interest the family will pay during the first 3 years of their mortgage? (Assume that all payments are made at the end of the month.) $20,976.84 $19,976.84 $21,976.84 $22,976.84 $23,976.84

Answers

The total dollar amount of interest the family will pay during the first 3 years of their mortgage is $0.00.

To calculate the total dollar amount of interest the Howe family will pay during the first 3 years of their mortgage, we need to determine the monthly payment and multiply it by the number of months in 3 years, and then subtract the principal amount.

To calculate the monthly payment, we can use the formula for a fixed-rate mortgage:

M = P * r * (1 + r)^n / ((1 + r)^n - 1)

Where:

M = Monthly payment

P = Principal amount (mortgage amount)

r = Monthly interest rate (annual interest rate divided by 12)

n = Total number of payments (number of years multiplied by 12)

Given:

Principal amount (mortgage amount) = $162,902.00

Annual interest rate = 4.4%

Number of years = 30

First, we need to calculate the monthly interest rate:

Monthly interest rate = (4.4% / 100) / 12 = 0.0036667

Next, we calculate the total number of payments:

Total number of payments = 30 years * 12 months/year = 360

Now, let's calculate the monthly payment:

M = $162,902.00 * 0.0036667 * (1 + 0.0036667)^360 / ((1 + 0.0036667)^360 - 1)

M ≈ $819.27

Now, we can calculate the total interest paid during the first 3 years:

Total interest paid = Monthly payment * Number of months - Principal amount

Total interest paid = $819.27 * 36 months - $162,902.00

Total interest paid ≈ $29,491.72 - $162,902.00

Total interest paid ≈ -$133,410.28

Since the result is negative, it means that the Howe family revenue will have paid off the principal amount of the mortgage within the first 3 years, and there will be no interest paid during this period.

Therefore, the total dollar amount of interest the family will pay during the first 3 years of their mortgage is $0.00.

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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.

Answers

Answer:

If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.

The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.

Explanation:

If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.

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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you

Which of the following situations would not result in auditors adding an emphasis-of-matter paragraph or section to their report without modifying the remainder of the report? Multiple Choice Reference to a departure from GAAP that is material, but not pervasive, to the financial statements. Reference to a going-concern uncertainty facing the entity. Reference to a change in the method of accounting mandated by the issuance of a new accounting standard. Reference to an acquisition made by the entity during the most recent fiscal year.

Answers

Answer: Reference to a departure from GAAP that is material, but not pervasive, to the financial statements.

Explanation:

Based on the information given, the situation which would not result in the auditors adding an additional paragraph to their report without the modification of the introductory, the scope, or the opinion paragraphs of the report is option A "Reference to a departure from GAAP that is material, but not pervasive, to the financial statements".

Other options are incorrect. Therefore, the correct option is A

Paulson Winery in Albany, New York, has two departments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are incurred evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: Gallons: Beginning work in process inventory Started production......... 2,100 gallons 5,860 gallons Completed and transferred out to Packaging in March. 6,560 gallons Ending work in process inventory (80% of the way through the fermenting process) ... 1,400 gallons Costs: Beginning work in process inventory ($2,500 of direct materials and $3,715 of conversion cost)..... $ 6,215 Costs added during March: Direct materials. $ 9,440 Direct labor.....….. 600 Manufacturing overhead. 1,829 Total costs added during March $11,869 Requirements 1. Draw a time line for the Fermenting Department. 2. Summarize the flow of physical units and compute the total equivalent units. 3. Summarize total costs to account for and compute the cost per equivalent unit for direct materials and conversion costs. 4. Assign total costs to units (gallons): a. Completed and transferred out to the Packaging Department b. In the Fermenting Department ending work in process inventory 5. What is the average cost per gallon transferred out of Fermenting into Packaging? Why would the company's managers want to know this cost?

Answers

1. A timeline for the Fermenting Department:

Date                                                 Particulars                                           Gallons

March 1                                          Beginning work in process inventory                   2,100

March 31                                        Ending work in process inventory                      1,400

March 1                                          Direct Materials                                          $2,500

Conversion costs                                    $3,715

Total Costs                                                 $6,215

March 31                                        Direct materials                                          $9,440

Direct labor                                               $600

Manufacturing overhead                          $1,829

Total costs added in March                         $11,869

2. Flow of physical units and computation of equivalent units:

Particulars                                                 Gallons                                Direct Material                       Conversion cost

Beginning work in process inventory            2,100                                     2,100                                    -

Started production                                      5,860                                     5,860                                    5,860

Total equivalent units                                        7,960                                     7,960                                    5,860

3. Summary of total costs to account for and computation of cost per equivalent unit:

Particulars                                                               Total Costs                   Cost per equivalent unit

Beginning work in process inventory                $6,215                           $2.96 (2500/840)

Direct materials added in March                      $9,440                           $1.18 (9440/7960)

Conversion cost added in March                       $5,544                            $0.70 (4115/5860)

Total costs added in March                                   $11,869                        $1.49

4. Total costs assigned to units:

Particulars                                                           Gallons                      Direct Materials             Conversion cost

Completed and transferred out                      6,560                         5,000 x $1.18 = $5,900             5,000 x $0.70 = $3,500

Ending work in process inventory                 1,400                         1,400 x $1.18 = $1,652             1,400 x $0.70 = $980

5. The average cost per gallon transferred out of Fermenting into Packaging is $1.48. This cost is important for the company's managers because it helps them to assess the profitability of the products produced by the Fermenting Department. The information will enable the managers to decide whether to adjust the selling price, minimize costs, or eliminate the product line to avoid losses. The cost can also be used to price the product competitively in the market. Therefore, the managers should ensure that the average cost per gallon is lower than the selling price of the product to ensure profitability.

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T_
------ Y
Robotics and automation are increasingly used in
the travel and tourism industry to handle labour
intensive and mundane tasks.

T_------ YRobotics and automation are increasingly used inthe travel and tourism industry to handle labourintensive

Answers

Answer:

Yes.robotics and automation are increasingly used in the travel and tourism industry of handle labour intensive and mundane tasks

which budget covers the cost of creative talent? a. below the line b. middle of the line c. post-production d. above the line

Answers

In order to calculate pure or economic profit, explicit costs must be subtracted from total revenue. In Costs other words, normal profits outweigh accounting profits."Economic rent" profit, which is the return on any resource. The correct answer is c. post-production.

This kind of profit is typically given to business owners that have a special resource that is in great demand or a distinctive set of abilities.

As opposed to Standard desks, which yield the lowest contribution margin per square yard of wood, Creative Star Corporation should manufacture Classic and Royal desks.

The contribution margin per square yard of wood for each product needs to be calculated by Creative Star Corporation in order to decide which items to make. The selling price less the total variable cost results in the contribution margin.

The contribution margin per square yard of wood for Classic desks is $20 ($175 - $75) /5 = $20.

The contribution margin per square yard of wood for Royal desks is $8 ($245 - $165) / 10 = $8.

The contribution margin per square yard of wood for Standard desks is $10 ($95 - $65) /3= $10.

Complete question:

which budget covers the cost of creative talent? multiple choice questions

a. below the line

b. middle of the line

c. post-production

d. above the line

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