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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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In 1915, peter oberweis started selling his excess milk to his neighbors. by 1927, he decided to start a more formal business so
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During the sales era of marketing. 

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Knowing what of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions?
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<h3>What is the product life cycle?</h3>

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2 years ago
Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,
Lostsunrise [7]

Answer:

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Interest revenue = $104

Date  Journal Entry             Debit    Credit

          Cash                          $7,904

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5 0
3 years ago
While waiting in line to buy two tacos at 75 cents each and a medium drink for 80 cents, Jordan notices that the restaurant has
puteri [66]

Answer:

The correct answer is $0,20.

Explanation:

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6 0
3 years ago
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