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How are environmental issues related to scarcity and opportunity costs


Scarcity — The condition that exists when there are not enough resources to satisfy all the wants of individuals or society. Choices — The decisions individuals and society make about the use of scarce resources. Opportunity Costs — The next highest valued alternative that is given up when a choice is made.

Related Questions

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A small business loan is used to pay for the costs associated with starting your own company? True or false

Answer: True

Explanation:

A small business loan is known to be a loan given to an individual in order to start a business. The loan is used for running the day today activities of the business. The borrower that is the business owner reaches an agreement with the lender to repay the loan with interest over a specified period of time.

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Renting provides _________ flexibility but can lead to _________ costs in the long-term.greater; lowerBgreater; higherCless; lowerDless; higher

The answer is:

- Greater

- Higher

Since you did not spend large amount of money in renting, you can move freely without feeling that you've spend to much for the place to stay. This is why renting is considered to be more flexible compared to owning a house.

But, Renting tend to lead to higher cost in the long run because the owner of the property would definitely impose higher price than they spend to buy the property. Otherwise they would not obtain any profit.

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Harry recently raised his employees' wages, which has increased production costs. Which factor did the salary hike affect? A) fixed cost B) marginal cost C) sunk cost

Its A-Fixed Cost.

( business costs, such as rent, that are constant whatever the quantity of goods or services produced.)


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How would a strong U.S. dollar impact the trade of grain produced in the United States? U.S. grain exports decrease U.S. grain exports increase U.S. grain imports decrease U.S. grain imports stagnate Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred? The opportunity cost of producing milk is lower for Country A. The opportunity cost of producing cotton is higher for Country B. Country A has a natural resource advantage in cotton. Country B has a natural resource advantage in milk.

When a country has a strong currency, generally its export decreases - this is the answer to the first question.

Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.

now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "The opportunity cost of producing milk is lower for Country A" is correct.


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Sharon realizes that she needs additional research before she approaches potential investors. What kind of research should she do to effectively evaluate her potential business opportunity?

The kind of research should she do to effectively evaluate her potential business opportunity would be a feasibility study. It is an assessment of the practicality of a proposed project. It can be used in many ways but primarily focus on proposed business ventures. Hope this answers the question.

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. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income does he have? taxes, interest, and tips capital gains, ongoing costs, and salary interest, salary, and taxes salary, interest, and dividends

The best and most correct answer among the choices provided by your question is the first choice.

The type of incomes Jeff would have are taxes, interest, and tips.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

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. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income does he have? taxes, interest, and tips capital gains, ongoing costs, and salary interest, salary, and taxes salary, interest, and dividends

I think the correct answer from the choices listed above is the last option. He earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.

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1. What types of interest groups are the ADA and the ACU? Why do you categorize them that way? 2. What issues do you see the ADA standing for? Give examples. 3. What kinds of tactics can you infer these interest groups use to influence the government? 4. What fundraising appeals do you notice on the two Web sites? 5. Which group do you think is more effective?

1.  The ADA is an American political organization advocating progressive policies. An“independent liberal lobbying organization.” The ACU is a “grassroots conservative lobbying organization.”

3.  ADA stands up for social and economic justice. They achieve success in doing so through lobbying, grassroots organizing, research and supporting progressive candidates.

Numbers 1 and 2 are the questions I can only manage to answer, you can do a bit of research for the rest of the items.

I hope my answer has come to your help. Have a nice day ahead and may God bless you always!

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Given the nature of their products, many service firms base their facility location decisions primarily on which of the following? question 28 options: the possibilities of outsourcing their business operations proximity to their customers quality-of-life issues the availability of natural resources

The correct answer for the given question above would be the first option. So here is the complete statement. Given the nature of their products, many service firms base their facility location decisions primarily on the possibilities of outsourcing their business operations. Hope this is the answer that you are looking for.

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23-20 (Objectives 23-3, 23-4) The following are misstatements that might be found in the client’s year-end cash balance (assume that the balance sheet date is June 30): 1.The outstanding checks on the June 30 bank reconciliation were underfooted by $2,000. 2.A loan from the bank on June 26 was credited directly to the client’s bank account. The loan was not entered as of June 30. 3.A check was omitted from the outstanding check list on the June 30 bank reconciliation. It cleared the bank July 7. 4.A check was omitted from the outstanding check list on the bank reconciliation. It cleared the bank September 6. 5.Cash receipts collected on accounts receivable from July 1 to July 5 were included as June 29 and 30 cash receipts. 6.A bank transfer recorded in the accounting records on July 1 was included as a deposit in transit on June 30. 7.A check that was dated June 26 and disbursed in June was not recorded in the cash disbursements journal, but it was included as an outstanding check on June 30. Required a.Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible. b.What control can be instituted for each fraud to reduce the likelihood of occurrence? c.List an audit procedure that can be used to discover each fraud. 14-26 (Objectives 14-3, 14-4, 14-5) The following are commonly performed tests of controls and substantive tests of transactions audit procedures in the sales and collection cycle: 1.Account for a sequence of shipping documents and examine each one to make sure that a duplicate sales invoice is attached. 2.Account for a sequence of sales invoices and examine each one to make sure that a duplicate copy of the shipping document is attached. 3.Compare the quantity and description of items on shipping documents with the related duplicate sales invoices. 4.Trace recorded sales in the sales journal to the related accounts receivable master file and compare the customer name, date, and amount for each one. 5.Examine sales returns for approval by an authorized official. 6.Review the prelisting of cash receipts to determine whether cash is prelisted daily. 7.Reconcile the recorded cash receipts on the prelisting with the cash receipts journal and the bank statement for a 1-month period. Required a.Identify whether each audit procedure is a test of control or a substantive test of transactions. b.State which of the six transaction-related audit objectives each of the audit procedures fulfills. c.Identify the type of evidence used for each audit procedure, such as inspection and observation.

a.Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible.
He most likely used the money he withdrew and later replaced it with his own money.
b.What control can be instituted for each fraud to reduce the likelihood of occurrence?
Bank records can be used to cross check the checks that were released.
c.List an audit procedure that can be used to discover each fraud.
Bank records have to be referred to when doing audit procedures.

a.Identify whether each audit procedure is a test of control or a substantive test of transactions.
Steps 2,5, and 6
b.State which of the six transaction-related audit objectives each of the audit procedures fulfills.
Steps 3,4, and 5
c.Identify the type of evidence used for each audit procedure, such as inspection and observation.
Observation were used in steps 2,5,6 and inspection were used in 3,4,5.

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Sales are $500,000 and variable costs are $350,000. what is the contribution margin ratio?

Sales are $500,000 and variable costs are $350,000. what is the contribution margin ratio? 30%

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Arrow sells for $35.00. your material cost per unit is $15.00 and labor costs per unit are $10.00. your fixed costs are $4,500. how many do you have to sell to break even?

Arrow sells for $35.00. your material cost per unit is $15.00 and labor costs per unit are $10.00. your fixed costs are $4,500. how many do you have to sell to break even? 
ANSWER 300

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How is the value of a product determined? A. By the amount a consumer is willing to pay for it B. By how much it cost the producer to make C. By its variable costs D. By the number of workers who were involved in making it

The value of a product is determined by the amount a consumer is willing to pay for it.

Prices are determined by supply and demand and the value of a product is determined by the ratio of its quality to its price. However several factors influence the price of a product: cost of production:demand for the product, price of competing firms, purchasing power of customers, government regulation...


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You are a leader in a paper manufacturer that has recently been charged with using too many trees and polluting groundwater around the main factory. Describe a few ways in which your firm can interface with the natural environment in a win-win situation, and briefly, draft a statement summarizing your company’s newfound commitment to social and environmental responsibility.

I am a leader in a paper manufacturer. Some of the ways that my firm can interface with the natural environment in a win-win situation is to develop a good reforestation program. First, I will have my employees plant and take care of trees. Second, I will adapt a waste treatment that will allow my discharge to be fit for irrigation and my solid waste to be used as fertilizer.

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Please help: Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (Refer to the TQM Initiative worksheet in the CompXM.xls Decisions menu.) Looking at the Round 0 Inquirer for Andrews, last year's sales were $162,769,926. Assuming similar sales next year, the 1.7% increase in demand will provide $2,767,089 of additional revenue. With the overall contribution margin of 33.6%, after direct costs this revenue will add $929,742 to the bottom line. For simplicity, assume that the Please help: Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (Refer to the TQM Initiative worksheet in the CompXM.xls Decisions menu.) Looking at the Round 0 Inquirer for Andrews, last year's sales were $162,769,926. Assuming similar sales next year, the 1.7% increase in demand will provide $2,767,089 of additional revenue. With the overall contribution margin of 33.6%, after direct costs this revenue will add $929,742 to the bottom line. For simplicity, assume that the demand increase and margins will remain at last year's levels. How long will it take to achieve payback on the initial $2,000,000 TQM investment, rounded to the nearest month? Select: 1 26 months 9 months 18 months TQM investment will not have a significant financial impact

9 months is ur answer, tell me if its right or wrong

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3. If a home buyer puts 20% down on a $200,000 house and uses a mortgage to borrow the rest, how much will the mortgage be (excluding any closing costs)? $160,000

When the home buyer gives the downpayment, that could be calcualted this way:

$200000(0.2) = $40000

The rest would be for the mortgage. So, just subtract the downpayment from the original purchase price

$200,000 - $40000 =$160,000

Thus, the answer is $160,000. 

I hope I was able to help you. Have a good day.

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If a home buyer puts 20% down on a $200,000 house and uses a mortgage to borrow the rest, how much will the mortgage be (excluding any closing costs)? $160,000 $200,000 $180,000 $240,000

When the home buyer gives the downpayment, that could be calcualted this way:

$200000(0.2) = $40000

The rest would be for the mortgage. So, just subtract the downpayment from the original purchase price

$200,000 - $40000 =$160,000

Thus, the answer is $160,000. 

I hope I was able to help you. Have a good day.

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