Why does scarcity imply there will be opportunity costs?
Question:
Why does scarcity imply there will be opportunity costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Without scarcity ther...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
Why does scarcity imply that every society and every individual face trade-offs?
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
As an employer, what are steps you can take to avoid discrimination litigation?
-
Explain the concept of the marketing mix. What are the four Ps?
-
On January 1, 2021, Antonio sells stock that has a $50,000 FMV on the date of the sale (basis $75,000) to his son Tiana. On October 21, 2021, Tianasells the stock to an unrelated party. In each of...
-
Use the Poisson distribution to approximate the binomial probability \(b(1 ; 100,0.02)\).
-
A Wheatstone bridge is type of bridge circuit used to make measurements of resistance. The unknown resistance to be measured, Rx, is placed in the circuit with accurately known resistances R1, R2,...
-
A light car is purchased on January 1 at a cost of $25,900. It is expected to serve for eight years and have a salvage value of $3,000. It is expected to be used for 96,000 miles over its eight-year...
-
Does an economy that is inside its production possibility curve face any trade-offs?
-
How do scarcity and poverty differ?
-
On January 1, 2008, the Evans Company issued callable bonds with a face value of $5,000,000 for $4,750,000 cash. These bonds paid an annual interest of 10 percent payable semiannually on January 2...
-
An endowment fund of $20,000 is to pay out $R every year forever, with the first payment made exactly 2 years from now. If j1 = 7%, what is R?
-
A firm currently with $120 million of current assets, $50 million of fixed assets, $70 of debt and $100 million of equity is considering acquiring a new equipment of $30 million price. The useful...
-
how relationship marketing is going to change for your generation and apply that prospective idea to a hospitality endeavor? Explain the 4C's of marketing and how do they relate to the 4P's of...
-
How does functionalism elucidate the intricate interplay between social institutions, cultural norms, and individual behaviors in shaping societal stability and adaptation to change?
-
Catherine Lafferty recently inherited $1,000,000 in cash from her mother's estate and has come to you as a CFA for investment advice. Both Catherine and her husband, Bill, are 35 years old. Bill...
-
Lyell Company started a newspaper delivery business on January 1, 2008. On that date, the company purchased a small pickup truck for $14,000. Lyell planned to depreciate the truck over three years...
-
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
-
Explain and evaluate the following statements: a. The invention of money is one of the great achievements of humankind, for without it the enrichment that comes from broadening trade would have been...
-
What are the components of the M1 money supply? What is the largest component? Which of the components of M1 is legal tender? Why is the face value of a coin greater than its intrinsic value? What...
-
What backs the money supply in the United States? What determines the value (domestic purchasing power) of money? How does the purchasing power of money relate to the price level? Who in the United...
-
Why would you examine a company's balance sheet?
-
The measurement is made as a deviation from the target, thus the requirements are 0 /- 2 units. The current process averages 0 with a standard deviation of 1. Units less than -2.0 are scrapped at a...
-
For the month a company had total cost of goods available for sale of $900,000, and cost of goods sold of $700,00. If inventories increased by $100,000 over the period, what was their beginning...
Study smarter with the SolutionInn App