Question
In: Economics
Q2:Scarcity exists when there are A)unlimited resources. B)an excess of supply. C)constrained choices. D)fear-mongering politicians. Q43:...
Q2:Scarcity exists when there are
A)unlimited resources.
B)an excess of supply.
C)constrained choices.
D)fear-mongering politicians.
Q43:
The ________ cost of an activity is the highest valued alternative that must be given up to engage in that activity.
|
sunk |
||
|
opportunity |
||
|
fixed |
||
|
variable |
Solutions
Expert Solution
Answer (2) : Correct option is constrained choices.
Answer (43) : Correct option is opportunity.
Explanation :-
Scarcity occurs when there are limited resources available but people's needs and wants for that resources is unlimited. In other words, we can say that scarcity occurs when there is decrease in supply or increase in demand for that goods/resources. So, we can say that scarcity occurs when there is constrained in the choices regarding that goods/resources. It means in scarcity, we are forced to make choices among two or more alternatives.
Opportunity cost is the most desirable alternative that is given up/sacrifice as a result of a decision regarding an economic choice, since unlimited wants are not satisfied by limited resources. So, opportunity cost of an activity is the highest valued alternative that must be given up to engage in that activity is the correct answer to this question.
Rahul Sunny answered 2 years agoRelated Solutions
1. Evaluate: (a+b)/(c-d) + 9/(a+d) when a=5, b=3, c=8, d=4 a. 6 b. 3 c. 15/2...
1. Evaluate: (a+b)/(c-d) + 9/(a+d) when a=5,
b=3, c=8, d=4
a. 6
b. 3
c. 15/2
d. 17/13
2. Solve for x: 5(x+3) = 35
a. 2
b. 7
c. 4
d. -4
3. Acid rain occurs primarily as a result of
a. operating a nuclear power plant
b. burning coal or oil containing sulfur
c. by-products created by operating an oil refinery
d. the use of Freon and other refrigerants
4. The "ozone holes" at the polar region arise...
Q2. A shaft carries four masses A, B, C and D of different magnitude and revolving...
Q2. A shaft carries four masses A, B, C and D of
different magnitude and revolving at radii as mentioned below in
planes measured from A at 300 mm, 400 mm and 700 mm. The angles
between the cranks measured anticlockwise are A to B 450B to C 700
and C to D 1200 . The balancing masses are to be placed in planes X
and Y. The distance between the planes A and X is 100 mm, between X...
1. Give the best product of the following reaction: HBr excess A. B. C. D. E....
1. Give the best product of the following reaction:
HBr excess
A. B. C. D. E. Br Br Br Br Br Br Br
2. What configurations are found in the product(s) of the
reaction below:
A. 1R, 2R only.
B. 1S, 2S only.
C. and equal mixture of 1R, 2S and 1S, 2S.
D. and equal mixture of 1R, 2R and 1S, 2S.
E. and equal mixture of 1R, 2R and 1R, 2S.
3. Identify the most stable conformation of...
A multiple-choice examination consists of 85 questions, each having possible choices a, b, c, d, and...
A multiple-choice examination consists of
85
questions, each having possible choices a, b, c, d, and e.
Approximate the probability that a student will get at most
18
answers correct if she randomly guesses at each answer. (Note
that, if she randomly guesses at each answer, then the probability
that she gets any one answer correct is 0.2.) Use the normal
approximation to the binomial with a correction for continuity.
8) The median is equal to what quartile a)Q1 b)Q3 c)None of these d)Q2 22) Find...
8) The median is equal to what quartile
a)Q1
b)Q3
c)None of these
d)Q2
22) Find the regression line for the given data. Make sure you
use LinReg(a+bx) on your calculator.
x
1.2
1.4
1.6
1.8
2
y
54
53
55
54
56
a)Y=2x - 50.4
b)Y=50.4
c)Y=2.5x + 45
d)None of these
7) The number of cups of coffee sold in the library on nine
consecutive days are below. Find the median.
85 79 110 98
68 94 122 ...
Define a relation ~ on Z x Z such that (a,b) ~ (c,d) precisely when a...
Define a relation ~ on Z x Z such that (a,b) ~ (c,d) precisely
when a + b = c + d.
Let R = {[(a,b)] : (a,b) in Z x Z} (i.e. R is the set of all
equivalence classes of Z x Z under the equivalence relation ~). For
each of the following operations, determine whether or not the
operation is well defined. Prove your answer.
[(x,y)] * [(w, z)] = [(x + w, y + z)]
[(x,y)]...
Your choices are: a. Sole Proprietorship b. Joint Venture c. Partnership d. Limited Partnership e. Limited Liability
Your choices
are:
a. Sole Proprietorship
b. Joint Venture
c. Partnership
d. Limited Partnership
e. Limited Liability Company
f. Corporation
Freda is a stay-at-home mom whose youngest child just started
first grade. Freda would like to earn extra money while her kids
are at school. She wants a flexible schedule because she likes
being available to volunteer at the school when needed. While
searching the Internet, Freda discovers Sugar-Girl, a cosmetic
company that will sell her cosmetics at a reduced rate and allow
her to resell...
Four People (A, B, C, D) are having a conversation. When one person finishes speaking, it...
Four People (A, B, C, D) are having a conversation. When one
person finishes speaking, it is equally likely that any of the
other three begins. Under this assumption, the transitions from one
speaker to the next follow the rules of a Markov chain. Let T be
the number of transitions it takes for conversation to return A.
Find the mean of T.
Four People (A, B, C, D) are having a conversation. When one person finishes speaking, it...
Four People (A, B, C, D) are having a conversation. When one
person finishes speaking, it is equally likely that any of the
other three begins. Under this assumption, the transitions from one
speaker to the next follow the rules of a Markov chain. Let T be
the number of transitions it takes for conversation to return A.
Find the mean of T.
1) When randomly ordering the letters A, B, C, D, and E from left to right,...
1) When randomly ordering the letters A, B, C, D, and E from
left to right, what the is probability that the first three on the
left with be, in order, A B C. show how to solve.
2) Suppose 3 letters will be randomly selected from A, B, C, D,
and E. what is the probability that the 3 letters chosen are A, B,
and C?
3)Suppose that 3 balls will be randomly put into 3 buckets, with
each...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- This is all one question, thank you so much in advance! You must evaluate the purchase...
- 10. Consider a market in which there is a monopoly manufacturer and a mo nopoly retailer....
- Write a function fun(x) that takes as input a positive number x and solves the following...
- Describe the principles and operations of movement sensors: Doppler-Effect Velocity sensor and Spring-Mass Accelerometor; State the...
- This is all one question, thank you so much in advance. The Bigbee Bottling Company is...
- For Questions 1-3: consider the following code: public class A { private int number; protected String...
- You are tasked with assessing the health department’s intervention program in preventing recurrence of acute alcohol...
ADVERTISEMENT