hat is a basic definition of per diems? what are the pros and cons of per diems?

Q: Discuss any three principles of economics and how can you apply them in real life?

A: Economics is the study of human behavior regarding the use of scarce or limited availability…

Q: What is scarcity? (BRIEFLY)

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce…

A: Given,

Q: Eleanor and her little brother Josh are responsible for two chores on their family’s farm, gathering…

A: Egg (in dozens)Milk (in gallons)Eleanor105Josh22Here it id given that Eleanor can gather 10 dozen…

Q: Refer to the Front Page article to answer one question. FRONT PAGE Recycling Wastes Money New York…

A: A budget proposal refers to a detailed document comprising of all the information about the expected…

Q: Describe three ways in which human decision making differ from the rational individual conventional…

A: The conventional economic theory assumes that an individual always make rational decisions. On the…

Q: ch statement best describes how scarcity is an important part of business ecobomics

A: Business economics describes the application of economic principles and access to business…

Q: Why might an economist look at hundreds of cars moving along an assembly line and say, “There is an…

A: Economics is the study of allocating scarce resources among alternative uses to satisfy unlimited…

Q: Why do Economic agent make decisions at the margin

A: It is very important that decisions are made at the margin. Economic agent take risk factor and…

Q: Discuss two examples of similar types of wearable technology for humans?

A: Technology: It is the arrangement of information, abilities, experience, and procedures through…

Q: What is scarcity in economics, provide an example.

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: From where concept of economic planning is derived?

A: Economic Planning is the process in which the limited natural resources are used skillfully so as to…

Q: Eleanor and her little brother Josh are responsible for two chores on their family's farm, gathering…

A: Eleanor and Josh are responsible for gathering eggs and collecting milk on their family's farm, and…

Q: uppose you are scheduled to work at your job for 4 hours Friday night, where you make $10.00 per…

A: here we calculate how much did the night at the  movies cost by following method given below;

Q: Does energy independence increases or decreases scarcity.

A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…

Q: how does scarcity affect enconomic decisions?

A: Scarcity implies that the demand for a good or service is more prominent than the accessibility of…

Q: Suppose that MASU managed to get Olivia Rodrigo to play a concert at Convocation Hall. Tickets cost…

A: The economic cost of attending the Olivia Rodrigo live performance isn't simply the price ticket…

Q: What are transaction costs? How does opportunistic behavior tend to increase transaction cost?

A: Cost: It refers to the goods and services price that is charged by the producer. The more the cost…

Q: Why do marginal costs tend to rise, and marginal benefits tend to fall

A: Marginal cost is the addition cost which is incurred for producing an additional output.  Marginal…

Q: What does ceteris paribus means?

A: Economics means the condition of a group regarding its material prosperity.

Q: does scarcity relates to price

A: Scarcity is the state of having shortage of resources than actually required.

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: The sunk costs are the expenditure incurred by a firm or business that is non-recoverable or on…

Q: What is the impact of technology and innovation on scarcity?

A: Economics is the study of distribution, allocation and production of resources. It deals with the…

Q: What type of "Scarcity" in your daily life do you face? Briefly describe.

A: Scarcity is the situation where the resources are being short and limited to use for the people.

Q: Which of the following economic concepts can be defined as the next best alternative given up when…

A: In economics, we deal with resources which are scarce in nature, the ways to utilise them…

Q: What does a production possibilities graph show in economics?         how many items…

A: The objective of the question is to understand what a production possibilities graph (also known as…

Q: iven the following graph, calculate how many cakes we would need to give up to produce one cookie…

A: here we calculate how many cakes we would need to give up to produce one cookie by the following…

Q: According to Forbes Magazine, there are close to 2700 billionaries in the world. It is likely fair…

A: Scarcity refers to the economic phenomenon where the resources are not sufficient to meet all demand…

Q: Name two types of scarcity

A: The two types of scarcity are- Relative scarcity Absolute scarcity

Q: Why is the economic concept of scarcity a crucial onefor businesspeople to understand?

A: Economics as a subject is used to study and plan the allocation of scarce resources among humans…

Q: 1) How does the concept of scarcity fit into an understanding of economics? How does it relate to…

A: Scarcity refers to the finiteness of a resource, commodity, or capital that has the ability to…

Q: Your best friend has just purchased a new Sport Utility Vehicle (SUV).  “These things are great.” he…

A: An externality is an unintended impact of an economic transaction on a third party who is not…

Q: definitions of economics

A: The economics records the transactions of buying and selling of goods, it is a branch of social…

Q: Tim Geithner, a former V. S. Treasury Secretary, has said, "The recession that began in late 2007…

A: Coming up next are the vitally economic interaction standards:-1) One consumer's expenditures are…

Q: How can scarcity of resources be a problem to society

A: Scarcity happens when the availability of resources is less than demand of society. Thus, society…

Q: The term scarcity in economics refers to the fact that??

A: Economics is the branch of social science that deals with the production, distribution, and…