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
Zarrin [17]
3 years ago
12

What is the difference between classical economics and behavioral economics?

Business
1 answer:
Nostrana [21]3 years ago
7 0

3. Classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix.

A major theory in classical economics is that human beings are rational and, given the necessary information they will make rational decisions and act rationally, however, Behavioral economics assumes that people are irrational players.

You might be interested in
Yellow​ Press, Inc., buys paper in​ 1,500-pound rolls for printing. Annual demand is 3 comma 000 3,000 rolls. The cost per roll
GenaCL600 [577]

Answer:

59 orders

Explanation:

For computing the how many rolls should order at a time, first we have to determine the economic order quantity which is shown below:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Carrying cost = $875 × 20% = $175

And, other items values would remain the same

ow put these values to the above formula

So, the value would be equal to

= \sqrt{\frac{2\times \text{3,000}\times \text{\$75}}{\text{\$175}}}

= 50.71 units

Now The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $3,000 ÷ 50.71 units

= 59 orders

7 0
3 years ago
You own a portfolio that is 34 percent invested in Stock X, 22 percent invested in Stock Y, and 44 percent invested in Stock Z.
Sonja [21]

Answer:

13.86%

Explanation:

34% was invested into stock X with an expected return of 11%

22% was invested into stock Y with an expected return of 18%

44% was invested into stock Z with an expected return of 14%

The expected return on the portfolio can be calculated using the formula below

Expected return= Sum of ( weight of stock×return of stock)

= (0.34×11%)+(0.22×18%)+(0.44×14%)

= 3.74+3.96+6.16

= 13.86%

Hence the expected return on the portfolio is 13.86%

5 0
3 years ago
Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal
Gre4nikov [31]

Answer:

Option D. The accountant was a member of a professional organization.

Explanation:

The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:

  1. Duty of care existed between the relation
  2. She has suffered economic harm  &
  3. The harm was proximately caused by the accountant's breach of the duty of care.

So the accountant's membership is not a valid requirement under the negligence act for a successful claim.

4 0
3 years ago
Industrialist who established standard oil
Ksju [112]
That would be John D. Rockefeller who gained control over the oil market by buying up small companies and sell oil at a significantly lower price to force his competitors to sell to him and them when he had majority control over the oil market he them just muscled the remaining out of business and then jack up the price on his oil to rake in huge profits. <span />
7 0
3 years ago
During 2020, Karen Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated
Ivan

Answer:

a. $842,250

b. $842,250

Explanation:

The computation is shown below:

a. For avoidable interest

<u>Weighted average               Interest rate applied  avoidable interest</u>

<u>accumulated expenditures </u>

$5,205,000                               10%                           $520,500

$2,925,000                                11%                            $321,750

Total                                                                             $842,250

($8,130,000 - $5,205,000)

Working note for interest rate applied

<u>Particulars                   Principal                Interest</u>

12% ten year bond    $6,047,000            $725,640    

9% 3 year bond         $3,023,500            $272,115

total                            $9,070,500            $997,755

Now the interest rate is

= $997,755 ÷ $9,070,500

= 11%

2. Now the total interest capitalized is

Total interest is

= $520,500 + $725,640 + $272,115

= $1,518,255

And, the total avoidable interest is $842,250

So we considered the lesser amount i.e. $842,250

6 0
3 years ago
Other questions:
  • What are the 3 Skills listed for a roofer?
    14·2 answers
  • Which of the following factors has the greatest impact in calculating FICO scores? Select one of the options below as your answe
    14·1 answer
  • A component of legal writing that refers to and credits authoritative documents and legal sources is called a (1 point)
    15·1 answer
  • If survey questions are standardized and close-ended, they can produce data that is statistically comparable.
    7·1 answer
  • The cash coverage ratio is used to evaluate the:Liquidity of a firmSpeed at which a firm generates cashLength of time that a fir
    15·1 answer
  • Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
    13·1 answer
  • In March 2018, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF p
    6·1 answer
  • Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession.
    11·1 answer
  • The general ledger shows a balance of $ 66 comma 200 in the Merchandise Inventory account at the end of the period. The physical
    12·1 answer
  • the rlx company just paid a dividend of $3.10 per share on its stock. the dividends are expected to grow at a constant rate of 4
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!