Business, 18.01.2020 00:31 hannah2757

Think about how and why goods and resources are scarce. goods and resources can be scarce for reasons that are inherent to their nature at all times, temporary or seasonal, or artificially created. for each of the following goods and resources, indicate whether the good is artificially scarce, inherently scarce, scarce on occasion, or not scarce.
a. holiday lights in mid-december: (click to select)artificially scarcescarce on occasionnot scarceinherently scarce.
b. air regardless of quality: (click to select)inherently scarceartificially scarcescarce on occasionnot scarce.
c. land: (click to select)scarce on occasioninherently scarcenot scarceartificially scarce.
d. patented goods: (click to select)scarce on occasionnot scarceartificially scarceinherently scarce.
e. original picasso paintings: (click to select)inherently scarceartificially scarcenot scarcescarce on occasion.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:30

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

Answers: 1

Answer

Business, 22.06.2019 10:50

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.

Answers: 2

Answer

Business, 22.06.2019 13:20

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

Answer

Business, 22.06.2019 19:30

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?

Answers: 3

Answer

You know the right answer?

Think about how and why goods and resources are scarce. goods and resources can be scarce for reason...

Questions