"when the economist says that material wants are insatiable, he means that: " a. the structure of consumer wants is highly unpredictable. b. the structure of consumer demand varies from time to time and from country to country. c. these wants are virtually unlimited and therefore incapable of complete satisfaction. d. economic resources -- land, labor, capital, and entrepreneurial ability -- are scarce. e. economic resources are valuable only because they can be used to produce consumer goods.

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Witch is an example of a non durable good?

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?