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Dominik [7]
3 years ago
12

Can someone describe Microeconomics and Macroeconomics in their own words?

Business
1 answer:
Vikentia [17]3 years ago
3 0

Answer:

microeconomics: The study of the behavior of individual households and firms in making decisions on the allocation of limited resources. Macroeconomics: The study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

Explanation:

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Wages of 8,000 are earned by workers but not paid as of december 31
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Answer:

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Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of
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3 years ago
Betty and Karen have been hired to paint the houses in a new development. Working together, the women can paint a house in two-t
Aliun [14]

Answer:

6 hours

Explanation:

Let k = time it takes Karen to paint the house alone

then  according to the question,

(2/3)(k)(1/k + 1/12) = 1

⇒(2k/3)(1/k + 1/12) = 1

⇒(2k)(1/k + 1/12) = 3

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therefore Karen takes 6 hours to complete the Task.

8 0
3 years ago
_____ benefit(s) from large economies of scale, in which the costs of goods decrease as output increases. natural monopolies per
adelina 88 [10]
Natural monopolies <span>benefit from large economies of scale, in which the costs of goods decrease as output increases.
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8 0
3 years ago
The deans' suite hoped to cut costs and decided to perform a total cost analysis on its vodka supplier. Consumption was currentl
Paladinen [302]

Answer:

$55,200

Explanation:

Consumption = 6000 bottles

Cost per bottle = $9

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No of crates = 6000/100 = 60 crates

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Total annual cost = $54,000 + $1,200

Total annual cost = $55,200

So, the total annual cost to supply vodka from their current supplier is $55,200

4 0
3 years ago
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