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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.

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In Southwest’s BMC, the company decided to fly only one type of aircraft. Based on the discussion in the text, what component of
8_murik_8 [283]

Answer:

Resources; it affected the key activities required to repair and maintain the aircraft.

Explanation:BMC(BUSINESS MODEL CANVAS) is a management tool which makes use of visual displays to describe the value of your product or service or the value of your firm to a client, it is a Strategic Business model template that contains key aspects of the value of your products or services and why they should go into a business relationship with your organisation.

6 0
3 years ago
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $3.35 dividend every year in perpetuity. If this issue cu
kolezko [41]

Answer:

k_{p} = 3.72%

Explanation:

We know,

The price of a preferred stock is calculated by dividing the dividends from preferred stock by the required rate of return of preference share. Assuming the stock is growing constantly.

The formula to calculate -

Price of preferred stock = Dividend from preferred stock ÷ required rate of return

Given,

Dividend from preferred stock = $3.35

Price of preferred stock = $90

Therefore,

$90 = $3.35 ÷ k_{p}

or, k_{p} = $3.35 ÷ $90

or, k_{p} = 0.0372

Hence, k_{p} = 3.72%

The required return = 3.72%

8 0
3 years ago
What does TBC stand for in business studies
erma4kov [3.2K]

Answer:

TBC means “To be confirmed“. It is used to describe an item that is not yet certain or is being developed.

Explanation:

8 0
3 years ago
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f the Fed sells government bonds to the public, then reserves a. increase and the money supply increases. b. increase and the mo
Ulleksa [173]

Answer:

d. decrease and the money supply decreases.

Explanation:

If the Fed sells government bonds to the public then the money supply will be reduced in the economy and as a result the reserves will decrease.

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3 years ago
How does organizing and decision making are co-related to each other​
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