1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
During the month of June, Indigo Boutique recorded cash sales of $274,990 and credit sales of $165,636, both of which include th
julsineya [31]

Answer and Explanation:

The journal entry is shown below

Sales tax (($257,000 + $154,800) ×7%) $28,826

      To sales tax payable $28,826

(Being the sales tax expense is recorded)

Here the sales tax is debited as it increased the expense and credited the sales tax payable as it also increased the liability

The calculation is as follows;

= $27,4990 ×100 ÷ 107

= $257,000

And,

= $165,636 × 100 ÷ 107

= $154,800

4 0
3 years ago
Assume that the risk-free rate is 3.5% and that the market risk premium is 4%.What is the required rate of return on a stock wit
kramer

Answer:

6.7%

12.7%

7.5%

Explanation:

Required rate of return = risk free rate + ( stock beta × Markert premium)

When beta = 0.8

The required rate of return = 3.5% + (4% × 0.8) = 6.7%

When beta = 2.3

The required rate of return = 3.5% + (4% × 2.3) = 12.7%

The required rate of return on the market:

3.5% + (4%×1) = 7.5%

I hope my answer helps you.

4 0
4 years ago
If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on
muminat

Answer: 24 hours

Explanation:

When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.

5 0
3 years ago
Different cultures have different ways of greeting each other in the business world.
Alinara [238K]

Answer:

this statement is true.............

6 0
3 years ago
Read 2 more answers
Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems
ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0
4 years ago
Other questions:
  • The reward-to-risk ratio for stock A is less than the reward-to-risk ratio of stock B. Stock A has a beta of 0.82 and stock B ha
    6·1 answer
  • A jeans company is pursuing a low cost strategy and has achieved a position in which it is the lowest cost manufacturer of denim
    12·1 answer
  • A loan of $5,000 is charged a 12% annual interest rate. An $80 payment is made each month. a. Write a recurrence relation for th
    11·1 answer
  • You want your longtime employees to make sure their retirement plans are best suited for their career stages. You think that mos
    5·1 answer
  • Let S represent the amount of steel produced (in tons). Steel production is related to the amount of labor used (L) and the amou
    6·1 answer
  • What is the role of incentives in the workplace?
    11·2 answers
  • ryugvbhjwfbdussssdjvvvvvvvvvvvvvvvjjjjjjjjjjfjfjffffffjffffffffffffffffffffffjjjjjjjjjjjjjjjjjjjjjjjj
    5·1 answer
  • On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chooses a colo
    15·1 answer
  • 16. The selling of goods and/or services to a customer is called
    13·1 answer
  • as more and more companies become proficient at bringing products and services to market, ______ is emerging as a necessary and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!