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stealth61 [152]
1 year ago
7

Microeconomics is the study of: __________

Business
1 answer:
Kitty [74]1 year ago
3 0

Microeconomics is the study of <u>the decisions made by individuals</u>.

Microeconomics is the study of individuals, households and firms behavior in decision making and allocation of resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets.

In the economy, microeconomics applies to markets of goods and services and deals with individual and economic issues. Microeconomics is important as it provides the required tools that enable the formulation of various economic policies.

Individual income and savings, consumer equilibrium, are examples of microeconomics.

Hence, microeconomics is the study of the decisions made by individuals in the economy.

To learn more about Microeconomics here:

brainly.com/question/8102286

#SPJ4

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Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a
Sphinxa [80]
<span>Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a reprimand by her supervisor, dan. a few days later, dan fires gunther, another subordinate, from work for a similar reason. the employees reporting to dan are most likely to conclude he demonstrates a lack of outcome fairness in dealing with employees who gossip at work.

</span><span>Outcome fairness is a judgment that the consequences given to employees are just.</span>
3 0
3 years ago
On 12/31/X4, Zoom, LLC, reported a $55,500 loss on its books. The items included in the loss computation were $27,000 in sales r
IrinaVladis [17]

Answer:Ordinary Business income loss =-$20,500.

Explanation:

Ordinary business Expenses are the expenses generally accepted according to the  industry standards associated with running of a business.

Here, the ordinary business expenses for Zoom  include

cost of good sold= $19,-000

employee wages= $17,000

rent expense = $11,500 and therefore will be deducted from its sales revenue.

charitable contributions and qualified dividends, do not cut across all industries and so are not classified under Ordinary Buisness expences.

Ordinary Business income loss = Sales revenue - cost of good sold, -employee wages- rent expense.

$27,000- $19,000-$`17,000-$11,500= -$20,500. to be reported on its X4 return

6 0
3 years ago
What are the criteria for distinguishing between a deductible expense and a capital expenditure?
Lelu [443]

The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.

If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.

6 0
3 years ago
According to Michael Porter, a firm’s _____ is composed of primary and secondary support activities that can lead to competitive
Anastasy [175]

Answer:

The correct word for the blank space is: value chain.

Explanation:

American economist Michael E. Porter (<em>born in 1947</em>) coined the term value chain to denote the interrelated operating activities businesses perform during the process of converting raw materials into finished products. The goal in value chain analysis is to find ways to add value to the product along each part of the process and do so at the lowest possible cost.

4 0
3 years ago
Current trends suggest that early internationalizing firms will ________. be unable to sustain the rigors of international trade
finlep [7]

Answer:

Continue to

Explanation:

  • Internalization is a process to increase the involvement of international markets.  
  • As more and more business continues to grow the more rigorous internalization become the more trade takes place between the markets and the entrepreneurial efforts of small firms tend to eliminate the MNE concept to maintain high-quality levels while adapting to those of the other cultures and markets.  
  • Certain trade theories have been, made which highlight this aspect like the Absolute cost advantage, Comparative cost advantage, and the Gravity model of trade.
8 0
3 years ago
Read 2 more answers
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