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drek231 [11]
3 years ago
5

Which bests describes the purpose served by economic models within an economic systemh

Business
1 answer:
snow_lady [41]3 years ago
6 0

To identify patterns.

An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.

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Hokey Min's Kleen Karpet cleaned 75 rugs in October, consuming the following resources: Labor: Solvent Machine Rental: 520 hours
mezya [45]

Answer:

0.0075 rugs per dollar

Explanation:

(b)

Total labor cost:

= 520 hours × $15 per hour

= $7,800

Total solvent cost:

= 100 gallons × $5 per gallon

= $500

Total machine rental cost:

= 22 days × $75 per day

= $1,650

Multi-factor productivity:

= Number of rugs ÷ (Total labor cost + Total solvent cost + Total machine rental cost)

= 75 ÷ ($7,800 + $500 + $1,650)

= 75 ÷ $9,950

= 0.0075 rugs per dollar

8 0
3 years ago
Three accuracy problems with the consumer price index (CPI) are Group of answer choices price confusion, substitution, and quali
vredina [299]

Answer:

Option b (Substitution.....services) is the appropriate choice.

Explanation:

  • The above leads to calculating difficulties as well as the failure throughout the Index to identify better products and services contributing to less precise inflation outcomes.
  • It does not take account of the replacement facilities, which arise when an increase throughout the price of one promising recommendation to a replacement including its good by another, which often increases the costs of one quality.

The other options are not related to the given scenario. So the above is the correct choice.

7 0
3 years ago
Which of the following items is an example of revenue?
dedylja [7]

Answer:

b. Cash received from customers at the time services were provided.

Explanation:

When a business recieves payment for goods or services rendered it has earned revenue.

Revenue is defined as the income that a business generates from normal business activities such as sales of goods and services.

It is also called sales turnover.

7 0
3 years ago
Which of the following is not a personality trait?
jekas [21]
Word processing is not a personility trait
8 0
3 years ago
QUESTION 3/14
Ilya [14]

Answer:

Wednesday

Explanation:

Jack has 3 days avaialable

Monday Coletter can't

Wednesdat Colette can and you can because you can meet any day

Friday Colette also can.

and you too as well. But it is not an option

So, unless there is something missing the only viable option would be wednesday

5 0
3 years ago
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