Answer:
The answer is C. Development and use of model to test
hypotheses
Explanation:
Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.
Examples of Economic theories are
Classical economic theory
Keynesian theory
New Classical theory
New Keynesian theory
BANKS HAVE REDUCED INTRESTS RATES IS THE AWNSER
Answer:
B
Explanation:
Hope this helped and have a great day.
Answer:
Explanation:
X001 Sales volum = 3000*$20 = $60,000
X002 Sales volum = 3000*$10 = $30,000
Total $90,000
Allocated to X002 based on sales volum is 33.33% (30,000/90,000) of the 60,000, which is $20,000
Cost per unit of X002 is $6.67 ($20,000/3,000). Sells 1000 units, $6.67*1000 = $6670.
Gross profit = Revenue $10,000 - Cost $6670 = $3330 in gross profit
