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taurus [48]
2 years ago
10

can be useful in analyzing how a choice affects a particular market and shapes the economic system as a whole.

Business
1 answer:
galina1969 [7]2 years ago
3 0

Microeconomics can be useful in analyzing how a choice affects a particular market and shapes the economic system as a whole.

The decision-makers are assisted by the study of microeconomics in analyzing and deciding how productive resources are distributed among various goods and services. Additionally, it aids in resolving the conundrum faced by producers on what to make, how much to produce, and for whom to produce.

<h3>What is the main purpose of microeconomics?</h3>

The allocation of resources for production, exchange, and consumption by individuals and businesses is the subject of microeconomics. The study of economy-wide aggregates is left to macroeconomics whereas microeconomics deals with the prices and production in individual markets as well as the interaction between different markets.

Businesses can better understand consumer spending patterns and motivations by using microeconomics. What is sold, how it is sold, and why it is sold can all be influenced by the science behind how customers and even businesses buy. Ultimately, supply and demand govern almost every aspect of the business.

Learn more about Microeconomics here:

brainly.com/question/8102286

#SPJ4

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A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

Total cost = $41,000

For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour

Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
3 years ago
Farmers Produce, Inc., and Growers Market enter into a contract for the delivery of locally grown fruits and vegetables. The par
inn [45]

Answer:

correct option is a. ​not fully integrated

Explanation:

As per given in question we know Farmers Produce and Growers Market case delivery  locally grown fruit and vegetables

so here it is a critical aspect to certain that all deals point discussed to be enter in to the final contract

and that the word precisely reflect the deal is a  fully integrated contract that will have a clause

clause = Entire Agreement

clause = Integration

so here correct option is a. ​not fully integrated

6 0
3 years ago
What is the difference between an I and you statement
PSYCHO15rus [73]
‘You statements’ <span>are the typical way we communicate
</span>‘I’ statements make the speaker take responsibility for his emotions<span>, acknowledging and understanding them better. </span>
8 0
3 years ago
Read 2 more answers
An issuer has filed a registration statement with the SEC, but the registration is not yet effective. The issuer subsequently fi
Mazyrski [523]

Answer: Preliminary prospectus; Prospectus supplement

Explanation:

From the question, we are informed that an issuer has filed a registration statement with the SEC, but the registration is not yet effective and that the issuer subsequently files additional documentation with the SEC to meet its "full and fair disclosure" obligation.

It should be noted that any agent that is contacting a potential customer to buy the issue must provide the customer with the preliminary prospectus and the prospectus supplement.

6 0
3 years ago
MC Qu. 78 A firm expects to sell... A firm expects to sell 25,400 units of its product at $11.40 per unit and to incur variable
Leya [2.2K]

Answer:

$127000

Explanation:

Calculation to determine what The total contribution margin is

Using this formula

Total CM = Sales - VC

Let plug in the formula

Total CM=(25,400* 11.40) - (25,400 *6.40)

Total CM=$289,560-$162,560

Total CM= $127000

Therefore The total contribution margin is $127,000

8 0
3 years ago
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