All categories

2 years ago

Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.

Business

1 answer:

kobusy [5.1K]2 years ago

4 0

The given statement is false.

A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.

The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.

In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.

Hence, the above statement is false.

For more questions related to Macroeconomics and Microeconomics visit the link below:

brainly.com/question/11362533?referrer=searchResults

#SPJ4

You might be interested in

Kevin lives in New York City and runs a business that sells pianos. In an average year, he receives $735,000 from selling pianos

Tom [10]

Answer:

Implicit Cost and Explicit Cost

Identification of Van's cost as either an implicit cost or an explicit cost of selling pianos:

Implicit costs:

The rental income Van could receive if he chose to rent out his showroom

The salary Van could earn if he worked as an accountant

Explicit costs:

The wages and utility bills that Van pays

The wholesale cost for the pianos that Van pays the manufacturer

2. Determining Van's accounting and economic profit of his piano business.

Profit

(Dollars)

Accounting Profit Economic Profit

Sales revenue $735,000 $735,000

Cost of pianos (435,000) (435,000)

Wages and Utility (255,000) (255,000)

Opportunity costs:

Rent (10,000)

Salary as an accountant (24,000)

Profit $45,000 $11,000

3. Alternatively, the economic profit he would earn as an accountant would be_$34,000___.

4. If Van's goal is to maximize his economic profit, he stay in the piano business.

False

5. Van is not earning a normal profit because his profit is negative.

B. False

Explanation:

Van's economic profit or loss is the difference between the revenue received from the sale of the pianos and the costs of all inputs used, as well as opportunity costs of forgone rent revenue and salary income as an accountant. To compute economic profit, opportunity costs and explicit costs are deducted from revenues earned. But to compute accounting profit, only the explicit costs are deducted from revenues earned.

6 0

3 years ago

The Hays company is a regional soda company in the Midwest. It started out making a handful of sodas like cola, diet-cola, orang

valina [46]

Answer:

Competition and consumer trends

Explanation:

The Hays company makes a variety of products including sodas like cola, diet-cola, orange soda. Initially it had less competition, but more companies have entered the market.

Due to increased competition the Hays company will need to develop strategies to gain competitive advantage and by extension market in the more competitive market.

Also consumer trends is nowoving towards speciality sodas. The company will need to reduce the variety of sodas they produce and specialise in the product the consumers prefer.

8 0

3 years ago

Mark hires Joe's real estate agency to sell his estate, telling Joe he has lost too much money playing the stock market to affor

artcher [175]

Answer:

No.

Explanation:

The contract is no longer valid because of changes in the condition of offer. By the operation of law, the occurrence of certain events will automatically terminate an agency relationship. Since Mark expressly stated that the reason he was selling the estate was because he has lost so much money, any significant cash inflow to Mark apart from the sale of the estate will ultimately affect his decision to sell. As such, the lottery he won is a cash flow and since a vital condition for selling the estate has been breached. The contract is to be declared invalid.

6 0

3 years ago

A residence was assessed annual county property taxes of $5,000. The residence was occupied by a life tenant who lived on the pr

zlopas [31]

Answer: Yes, because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.

Explanation:

Based on the information given, the holder of the remainder interest can recover the tax payment from the life tenant because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.

It should be noted that it's the obligation of life tenants to pay all ordinary taxes on the land as well as the interest on the mortgage. In a situation whereby an incime isn't produced by the property like in the scenario given in the question, then the life tenant will be responsible for the taxes and the interest on the mortgage to the extent of a reasonable rental value of the land.

4 0

3 years ago

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturi

AnnyKZ [126]

Answer:

Universal Manufacturing

Equivalent unit cost for conversion cost is $18.

Explanation:

a) Data and Calculations:

Beginning work in process = 10,000 units

Ending work in process = 15,000 units

Units started = 30,000 units

Units completed = 25,000 units

Cost of: Materials Conversion

Beginning WIP $60,000 $150,000

Current costs 180,000 480,000

Equivalent units of production: Materials Degree Conversion Degree

Units started and completed 25,000 100% 25,000 100%

Ending WIP 15,000 100% 10,000 2/3

Total equivalent unit 40,000 35,000

Total cost of production:

Cost of: Materials Conversion

Beginning WIP $60,000 $150,000

Current costs 180,000 480,000

Total cost $240,000 $630,000

Cost per equivalent unit:

Materials Conversion Total cost

Total cost $240,000 $630,000 $870,000

Total equivalent unit 40,000 35,000

Cost per equivalent unit $6 $18

b) Using the weighted average method, the costs in beginning inventory and current period costs are added and divided by the equivalent units of materials and conversion costs in order to establish an equivalent unit cost. The equivalent cost per unit in process costing describes the average unit cost for each product.

6 0

3 years ago