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What else can I help you with?
When an item because scarce how is the cost affected?
If a product is scarce, meaning you have more 'buyers' than product the price will usually go up somply because some people will offer more to get their hands on the limited supply.
How do scarce resources influence you personally?
Black Friday is a perfect example of how people react to scarce resources. They become overtly violent, protective of their space, and will hoard the smallest item.
What effect does advanced technology usually have on the cost of each item produced by a business?
The cost of each item decreases.
Is replacement cost the same as insurable value?
No, insureable value or 'stated amount' is the MAXIMUM that will be paid for that item. replacement cost is the amount it will cost to actually replace the item.
What are the three basic economic decisions?
the need of somthing or if the countries work together and arent against each other and if the item or product is scarce
When an item becomes scarce how is the cost effected?
goes up
What happens to the cost when an item becomes scarce?
When an item becomes scarce, its cost tends to increase. This is due to the basic economic principle of supply and demand - as supply decreases and demand remains constant or increases, prices go up. This increase in cost is typically driven by market forces seeking to balance supply and demand.
When an item because scarce how is the cost affected?
If a product is scarce, meaning you have more 'buyers' than product the price will usually go up somply because some people will offer more to get their hands on the limited supply.
In economics what clue tells you if an item is more scarce than another item Give an example?
i don't know the answer that's too bad
How do scarce resources influence you personally?
Black Friday is a perfect example of how people react to scarce resources. They become overtly violent, protective of their space, and will hoard the smallest item.
An item cost 20.00 with 25 percent off what is the cost of the item?
16
How much will your item be it it cost 200.00 and you get 15 percent off?
The item will cost 170.00
What would the item cost if it were on sale for25 percent off?
Multiply the cost by 0.75 and that is the sale cost of the item.
What is considered the net cost?
The net cost of an item is the cost of the item after any discounts or returns and before any tax
How do you find the total cost of a item with tax?
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.
What is the value of a 1936 NFL championship ticket stub?
very scarce item, value would be in the 5,000 to 5,500 range
What is the diffeference between the retailers cost and the selling cost?
The retailers cost is what they paid the manufacturer for an item. The selling cost is what the retailer charges the buying public for the same item.
