From a strict market economic perspective, resources are "finite" and have to be used efficiently to gain maximum economic benefits.
Answer the following statement true (T) or false (F)
False
From a strict market economic perspective, resources are "infinite." As the supply of any resources decreases, the price increases, thereby providing a strong incentive to supply more or provide a less costly substitute. In economic terms, all resources are "fungible." They can be replaced by substitutes, and in this sense resources are infinite.
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If the debtor offers to pay the debt owed to a creditor but the creditor refuses the tender, the surety remains obligated on the debt.
Answer the following statement true (T) or false (F)
Write a brief note on object-oriented programming languages
What will be an ideal response?
The M Company's variable costs are 75% of the sales price per unit and their fixed costs are $240,000. If the company earned $60,000 before taxes in selling 150,000 units, what was the sales price per unit?
What will be an ideal response?
A consulting report that was recently submitted to a company indicated that a hypothesis test for a single population variance was conducted. The report indicated that the test statistic was 34
79, the hypothesized variance was 345 and the sample variance 600. However, the report did not indicate what the sample size was. What was it?A) n = 100 B) Approximately n = 18 C) Approximately 21 D) Can't be determined without knowing what alpha is.