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kirill [66]
3 years ago
6

An economic model is:

Business
2 answers:
Mazyrski [523]3 years ago
6 0

Answer:

The correct answer is letter "C": a simplified representation of an economic concept or institution.

Explanation:

Economic models are simplifications of real-world complex phenomena. The main reason why economists tend to create economic models is to have a general understanding of how economic events happen, why they occur, and if there are possible forms of predicting when they could take place. If problematic, those models allow economists to find possible solutions.

Natalka [10]3 years ago
4 0

Answer:

The answer is C. a simplified representation of an economic concept or institution.

Explanation:

An economic model is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior.

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Explanation:

Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.

The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.

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Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On J
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Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On January 1, 2021, 20 million options were granted, each giving the executive owning them the right to acquire five $1 par common shares. The exercise price is the market price on the grant date—$10 per share. Options vest on January 1, 2025. They cannot be exercised before that date and will expire on December 31, 2027. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $40 per option. Ignore income tax.

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2 years ago
College students often buy cheap pizza because it is more affordable. suppose after graduating, college students find high-payin
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The demand for cheap pizza will <span>decrease because demand for cheap pizza is negative related to income.
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3 years ago
A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The
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Answer:

= 7.77

≅ 8 kanban cards

Explanation:

 K = \frac{DL(1 + S)}{C}

K = Number of kanban card sets

D = Average number of units demanded over some time period

L = Lead time to replenish an order

S = Safety stock expressed as a percentage of demand

C = Container size

where,

D = If the average number of units demanded is 2400 and the time period is 2 hours, then that's 1200 in an hour, 1200 in 60 minutes, 20 in one minute.  

L = 40

S = 0.1

C = 120

K = 20 * 40 (1 + 0.1) / 120

K = 7.77

approximately

≅ 8 kanban cards

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3 years ago
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