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Helga [31]
4 years ago
6

Why do economists use models?

Business
2 answers:
nika2105 [10]4 years ago
8 0

Answer:

b.Models allow us to study a simplified version of a complex world.

Explanation:

A economic model is a simplified version of reality that allows us to observe things.

Llana [10]4 years ago
4 0

Answer:

The correct answer is letter "B": Models allow us to study a simplified version of a complex world.

Explanation:

An economic model is a general and simplified assumption of real-world phenomena. Economists make models attempting to understand why those situations arise and to predict what their causes could be over time. In some cases, models can turn into theories after research and scientific support.

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P & G Auto Parts sells parts to AAA Car Repair during 2018. P&G offers rebates of 2% on purchases up to $60,000 and 3% o
nirvana33 [79]

Answer:

c. credit to Sales Revenue for $72,380.

Explanation:

Since AAA Car Repair's total purchases exceed $200,000 for the year, they are eligible for the 3% rebate on purchases above $60,000. Only the fraction of the purchase over $60,000 should get the 3% rebate, the first $60,000 get the 2% rate.

Therefore, the total sales amount recorded by P & G Auto Parts by selling $74,000 of parts to AAA is:

S=(1-0.02)*\$60 + (1-0.03)*(\$74-\$60)\\S=\$72.38

There should be a credit to Sales Revenue for $72,380.

5 0
4 years ago
Your car has a breakdown while you are driving, forcing you to stop. You should try to stop completely out of the traffic lanes
Sveta_85 [38]
The correct answer (in Florida, could be different in other places) is 200 feet.
8 0
3 years ago
Read 2 more answers
Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for
faust18 [17]

Answer:

There are at least 2 opportunity costs associated with of letting your colleague have another month:

  1. if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
  2. if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year

You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.

6 0
4 years ago
A patient who contributes to causing harm is guilty of what kind of negligence ?
Luden [163]

The answer is<u> "self negligence".</u>


Self-neglect infers the failure or reluctance to take care of one's close to home needs or cleanliness. It might show in various courses, for example, not taking care of one's nourishment, cleanliness, apparel, or acting suitably to think about restorative conditions. Self-neglect can happen because of dementia, brain harm, or psychological disorders like despondency or psychotic issue. A few people who experience the ill effects of self-neglect may take part in undesirable practices, for example, substance utilize or misuse, tobacco utilize, promiscuity, or unseemly utilization of doctor prescribed meds. The rundown of conditions related with self-disregard is extremely expansive, and treatment choices rely on the exact reason for self-neglect.

6 0
3 years ago
Recreation resorts are the only ones to offer sports and other recreation activities.
Ahat [919]

Recreation resorts are not only the ones to offer the sports and other recreation activities as there are other resorts as well to provide with such facility.

<h3>What are recreation resorts?</h3>

Recreation resorts refers to those resorts which facilitates us with receration activities such as running, dancing, swiming, mediatation, walking, short term sports etc.

There are other resorts such as hills stations, beach resort, luxury resort, economy resort etc.

Thus similar kind of activities are provided in other resorts as well with there unique features.

Learn more about resorts here:

brainly.com/question/19582915

#SPJ1

8 0
2 years ago
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