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bonufazy [111]
2 years ago
12

An economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a goo

d the higher the price of the good. Empirical testing of this model would involve.
Business
1 answer:
Elanso [62]2 years ago
8 0

An economic model is a simplified description of truth, designed to yield hypotheses approximately financial behavior that can be examined. An important characteristic of an economic version is that it's far always subjective in layout due to the fact there are not any objective measures of monetary outcomes.

The handiest economic fashions use economic concepts to explain how changes in a single variable are tormented by modifications in others. The variable whose changes are explained is called an endogenous variable, at the same time as the only one whose adjustments cause the alternative to change to be exogenous.

The maximum economic model rest on a number of assumptions that are not completely realistic. as an example, retailers are regularly assumed to have perfect records, and markets are frequently assumed to be clean without friction. Or, the model can also miss troubles that can be crucial to the query being considered, inclusive of externalities.

Learn more about the economic model here:

brainly.com/question/15212618

#SPJ9

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Pecan acquires Southern in an acquisition reported as a merger. The acquisition results in $50 million in goodwill. The acquisit
azamat

Answer:

Dr Earnings contingency liability $800,000

Cr Goodwill $800,000

Explanation:

Based on the information given the appropiate journal entry to record the new information includes a credit of $800,000 to:Dr Earnings contingency liability $800,000 and Cr Goodwill $800,000 reason been that the acquisition cost is lesser.

Dr Earnings contingency liability $800,000

Cr Goodwill $800,000

3 0
3 years ago
Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest
Damm [24]

The answer would have to be B

7 0
3 years ago
Read 2 more answers
The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa
klemol [59]

Answer:

67%

Explanation:

Money supply = Money multiplier * Deposit worth

3 = Money multiplier * 2

Money multiplier = 3/2

Money multiplier = 1.5

Now, Money multiplier = 1 / Reserve ratio

1.5 = 1 / Reserve ratio

Reserve ratio = 1/1.5

Reserve ratio = 0.6667

Reserve ratio = 67%

So, the percent of deposits the banks hold as reserves is 67%

7 0
3 years ago
Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in
stira [4]

Answer:

$2,800

Explanation:

Particulars                                                                       Amount

Favorable temporary difference at the end of 20X2   $7000

* Income tax rate                                                             <u>   40%  </u>

Deferred tax asset account at the end of 20X2         <u>$2,800</u>

6 0
3 years ago
Paula Reid is the manager at the Miami office of the U.S. Secret Service who set in motion a major prostitution scandal by repor
Elan Coil [88]

Answer:

The answer is: She used the justice approach, realizing that the greater good is served because people learn to help each other in their own interest.

Explanation:

Justice approach: an ethical decision is a decision that distributes benefits and costs (or punishments) among those involved in a fair, equitable, and impartial way.

Paula used this approach because she believed the agents had acted improperly and that they were harming the US Secret Service.

I consider any organization a team, so in order for it to work well its members must be respected both by their peers and by the other teams´ members. If you consider the various types of activities this specific agency carries out, other not so friendly "teams" (other secret services or even terrorists) could use this type of information to damage or compromise those activities. So the well being of all the country was being jeopardized by a group of bad agents.

7 0
4 years ago
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