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kirill [66]
4 years ago
6

An economic model is:

Business
2 answers:
Mazyrski [523]4 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]4 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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Google is known for unusual interview questions. Explain what advantages might these have over more traditional questions about
Sonbull [250]

Answer:

1. those advantages could be very dangerous. someone could've hacked the system or anything & they're trying to get your information.

2. eliza should check in with her manager/boss and ask if it's ok for her to wear sandals.. just to be on the safe side.

3. jameela and jonas need to set some standards in their "relationship" because what they have going on can cause both of their jobs.

4. i would make sure that the promotions are fair, and not giving people promotions because i know them or anything, i'm gonna make sure that they've worked hard for it.

5. by telling these people my strengths & my weakness would cause less problems. there could be some things that i like and they don't like and we can make sure to never reach that point, because it's gonna cause a lot of trouble. explaining yourself or telling more about yourself could really help others get you.. that way you don't have to be rude to people when they say something you don't like or do something you don't like.

Explanation:

i hope this helped you!

8 0
3 years ago
True or false â the permanent accounts are also closed at the end of the period.
horsena [70]
I think its true the most
6 0
3 years ago
Trew Company plans to issue bonds with a face value of $902,000 and a coupon rate of 6 percent. The bonds will mature in 10 year
Agata [3.3K]

Answer:

$807,992

Explanation:

issue $902,000 with a 6% semiannual coupon and 10 year maturity. coupon payment = $27,060

if the annual market interest rate = 7.5%, the bonds should be sold at a discount:

issue price = present value of face value + present value of interest payments

  • present value of face value = $902,000 / (1 + 3.75%)²⁰ = $431,961
  • present value of annuity = $27,060 x {1 - [1 / (1 + 3.75%)²⁰]} / 3.75% = $376,031

issue price = $431,961 + $376,031 = $807,992

the journal entry should be:

Dr Cash 807,992

Dr Discount on bonds payable 94,008

    Cr Bonds payable 902,000

5 0
3 years ago
True or False: If Antonio's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decre
anastassius [24]

Answer:

False

Explanation:

The market demand curve in perfect competition slopes downward.

Price is determined by the intersection of market demand and supply; under perfect competition, the individual firms don't have any influence on the market price.

Individual firms become price takers when the market price is determined by market supply and demand forces. Individual firms are forced to charge the equilibrium price of the market or the consumers would purchase the product from the many other firms in the market who are charging a lower price. The demand curve for an individual firm is, therefore, the same as the equilibrium price in the market

All individual firms are price takers in a perfectly competitive market. The price is determined by the intersection of market supply and demand curves.

The demand curve for an individual firm is not the same as the market demand curve. The market demand curve slopes downward, whereas the firm's demand curve is a horizontal line.

The firm's horizontal demand curve indicates a price elasticity of demand that is perfectly elastic

The horizontal demand curve of an individual firm indicates that the elasticity of demand for the good is perfectly elastic. This means that if any individual firm charged a price somewhat above market price, it would not sell any products.

Offering a firm's product at a lower price than the competitors is a strategy usually used to enhance market share. In a perfectly competitive market, firms cannot reduce their product price without experiencing a negative profit. Thus, assuming that each firm is a profit-maximizer, it will sell its output at the market price.

5 0
3 years ago
HELP ASAP! GIVING BRAINLIEST!!
Tems11 [23]

The first one because it is most

6 0
3 years ago
Read 2 more answers
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