Question: 1. Give at least three (3) specific resources under scarcity in the philippines right now. Explain, why is it so? 2. In economics, 'Marginal Utility'

1. Give at least three (3) specific resources under scarcity in the philippines right now. Explain, why is it so? 2. In economics, 'Marginal Utility' is the maximum happiness that a person can obtain in relation to his goals and desire. How are you going to apply this principle in making decisions starting today? You can also site an example. 3. How the pandemic did challenge the economy and uplift the online business industry

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The bank reconciliation prepared by Winfield Construction on June 30, 2020, appeared as follows: The Cash account in the general ledger appeared as follows on July 31: A list of deposits made and...

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Patagonia. In planning for their company's 1996 fiscal year (ending 30 April), managers of Patagonia, Inc., which designed and marketed high-quality outdoor equipment and clothing, decided to...

BCH You have just been hired as the recruitment and selection specialist for BCH, a health-care organization that oversees many diverse health services in British Columbia. You were offered the...

Please answer all the required questions in detail I hope the answer is not copy-paste I hope that the answer will be according to the concepts in the chapter 3 The following article summarizes the...

All the questions are attached in the photos 12:26 7 A moodle.mnu.edu.mv C ECO 109 BUSINESS ECONOMICS | Tutorial One - Introduction to Economics and Key Concepts Page 2 of 3 CASE STUDY SCARCITY AND...

Can you please help me answer two questions based on the readings below. 1 How would you contrast the mainstream economics view of consumer behavior in 9.3, with the demand curve in general, and also...

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

Please help me with my economic development subject, i will provide resources at the bottom part. thank you and godbless. I hope someone can help me. Question: 1. Briefly describe the various...

Doug and Donna file a joint return. Doug earned $36,000 during the year before losing his job. Donna received Social Security benefits of $5,000. Requirements a. Determine the taxable portion of the...

A bin of 50 parts contains five that are defective. A sample of two is selected at random, without replacement. (a) Determine the probability that both parts in the sample are defective by computing...

Give two examples of when ( a ) wrong - way risk and ( b ) right - way risk can be expected to be observed

The decomposition of N2O5 can be described by the equation 2N2O5(soln)4NO2(soln)+O2(g) Consider the data in the table for the reaction at 45C in carbon tetrachloride solution. Given the data,...

2. Jean-Baptiste Colbert was the Minister of Finance under King Louis XIV of France. He famously observed, The art of taxation consists in so plucking the goose as to obtain the largest possible...

3. Efficiency losses _______________. LO4.2 a. Are not possible if suppliers are willing to produce and sell a product. b. Can only result from underproduction. c. Can only result from...

4. Draw a production possibilities curve with public goods on the vertical axis and private goods on the horizontal axis. Assuming the economy is initially operating on the curve, indicate how the...