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2 years ago

Statistics are the straw out of which i like every other ecnomist have to make bricks. Explain

1 answer:

7 0

As Marshall observed, "Statistics are the straw out of which I, like every other economist, have to create bricks," this statement does definitely illustrate the significance and relevance of statistics in economics.

The economy is one of the most important aspects of our lives. Professionals in the financial sector frequently use it. However, economics without statistics is useless. We will offer statistics on economics with you in this blog. In economics, various statistics in economics are employed. You can reveal those economic information with the aid of this blog. But first, let's look at what statistics mean in the context of economics.

The quantification of data is handled by statistics. The qualitative data that is used in the data collection was represented using a variety of figures. The methodology used to deal with data collection, tabulation, classification, and presentation is known as statistics in economics.

Learn more about statistics in economics here

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The fact that the words “whiskey makes you sick when you’re well,” when arranged differently, “whiskey, when you’re sick, makes

Alenkinab [10]

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3 years ago

A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for

Fynjy0 [20]

Answer:

$10,600

Explanation:

The total amount that the students will pay will be the total of monthly installments plus the deposit

Deposit =$1000

total monthly installments = $200 x 48 = $9600

The total amount he will pay = $ 9600 +$1000

=$10,600

5 0

3 years ago

The adjusting entry to decrease merchandise inventory due to lcm computations, includes

AnnyKZ [126]

The adjusting entry to decrease the merchandise inventory under the lower of cost or market value computations includes a debit to the Cost of Goods Sold and a credit to the Merchandise Inventory.

The Lower of Cost or Market Value determines the value of inventory based on either the cost of the item or the market value, whichever is lower.

Thus, since the merchandise inventory decreases by the entry, the cost must be higher than the market value.

Learn more: brainly.com/question/16015410

4 0

2 years ago

7. Problems and Applications Q7 Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to red

lina2011 [118]

Answer:

1 False

2 True

3 False

Explanation:

shortage wage agreement not create gap in agent' rational behavior change against monetary policy. Long-term contracts tend to be ineffective and ineffective in response to economic policy change that produces serious destructive effect.
If there is less confidence in the Fed, then people don't expect prices to fall, and so with fewer M / P (purchasing power) agents, the recession is severe.
If inflation adjustments adjust quickly to real inflation, it will be easier for the Fed to target the economy faster and this will exacerbate the effects of monetary expansion, which will help keep the economy out of recession.

6 0

4 years ago

Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information i

Andrews [41]

Answer:

Margin of safety= $9,000

Explanation:

First, we need to calculate the selling price and unitary variable cost:

Selling price= 150,000 / 5,000= $30

Unitary varaible cost= 112,500 / 5,000= $22.5

Now, we need to determine the break-even point in dollars:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 35,250 / [(30 - 22.5) / 30]

Break-even point (dollars)= 35,250 / 0.25

Break-even point (dollars)= $141,000

Finally, the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= 150,000 - 141,000

Margin of safety= $9,000

8 0

3 years ago