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Mental Budgeting

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Q: What budgeting option is best used only with limited resources and expenses?
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What is an economics?

Economics is mainly the study of how people and society chose utilize their scarce resources to satisfy their unlimited needs and wants.When there is limited resources you will have a choice in which what needs and wants will you fully utilise them in and this this where the concept of opportunity cost (Next best Alternative) comes where you will have to chose which option is the best in you can use you resources in.E.g. you have $5. 1st option movies cost $52nd option Lunch cost $5Since you only have $5 which option would be the best inorder to satisfy your unlimited need and want?do you really need to watch the movie? nobut do you need to eat? yesSo your best alternative to use that limited resource is buying your lunch.Eliki Waqavakatoga


If prices drop what happens to call option prices?

If the price of an underlying commodity or security drops, the value of call options will decline as well. If you are long the calls this would be bad. If you are short the calls this would be good. Long Call - Risk Limited to Option Premium Paid, Profit Unlimited. Hoping for Market Rise. Short Call - Risk Unlimited, Profit limited to the premium received for the option. Hoping for Market Decline, or stay the same. Long Put - Risk Limited to Option Premium Paid, Profit Unlimited. Hoping for Market Decline. Short Put - Risk Unlimited, Profit limited to the premium received for the option. Hoping for Market Rise, or stay the same.


Why are the issues of scarcity and choice the basis of economics?

These two aspects form the basis for elementary supply and demand economics. Scarcity regards the finite nature of goods, services and resources. Choice regards the basis of the free market where both the consumer and merchant come to an equilibrium price. Scarcity creates value, and in-turn both the consumer and merchant come to an agreed price valuing the limited nature of the product sought.


What are the factors that affect currency put option and currency call option premiums?

go to yahoo stocks


If producer can use resources to produce either good A or good B then increase in price of A will cause what to happen to the supply of A and B?

Demand for good B will increase. If the price for a good increases and there is a similar good on the market, then that similar good will increase in demand. People will buy the cheaper option of something if it is available. This is called "Substitution".

Related questions

What can you do with limited resources to grow hair back?

Realistically, and depending on your personal morality, Option 1: Steal some Rogaine. Option 2: Fail.


What is advantages of natural resources?

An advantage of Natural Resources would be the option for renewable resources.


What is an economics?

Economics is mainly the study of how people and society chose utilize their scarce resources to satisfy their unlimited needs and wants.When there is limited resources you will have a choice in which what needs and wants will you fully utilise them in and this this where the concept of opportunity cost (Next best Alternative) comes where you will have to chose which option is the best in you can use you resources in.E.g. you have $5. 1st option movies cost $52nd option Lunch cost $5Since you only have $5 which option would be the best inorder to satisfy your unlimited need and want?do you really need to watch the movie? nobut do you need to eat? yesSo your best alternative to use that limited resource is buying your lunch.Eliki Waqavakatoga


With the split disbursement option the vendor receives direct reimbursement for travel card expenses?

The question should be "With the Split Disbursment Option, who reeives direct reimbursement for Travel Card expenses? The answer is :Payment goes directly to Bank for Travel Card expenses


What are the advantage of natural resources?

An advantage of Natural Resources would be the option for renewable resources.


Does the 05 ram quad cab hemi have posi trac or limited slip rear end?

Limited slip was an available option.Limited slip was an available option.


What is the relationship between a regular call option and binary call option and a gap call option?

Regular call options have limited risk and unlimited upside gains while binary call options have limited risk along with limited upside gain.


Does a 2010 Dodge Ram 1500 have limited slip?

It is an option.


Is a limited slip or open rear end on a 96 grand Cherokee?

Most are open, limited slip was an option.


Did dodge put a limited slip in a 1500 ram in 2006?

It was an option.


Does a dodge ram 2500 have a limited slip?

It is an option, not all willl have it.


What is the meaning of the acronym LPO in auto?

LPO = Limited Production Option.