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Leto [7]
4 years ago
9

Why do economists predictions refer to the collective?

Business
1 answer:
UkoKoshka [18]4 years ago
8 0
Predictions usually refer to the collective behavior of large groups rather than individual because looking at the behaviors of a large group of individuals allows economist to discern General patterns of actions and therefore make more reliable generalization.
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Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected
Lubov Fominskaja [6]

Answer:

Interest expense and a realized gain.

Explanation:

Given:

Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected the fair value option for the bonds upon issuance.

Solution:

The company will report Interest expense and a realized gain for the bonds in its income statement for the year.

7 0
4 years ago
Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b
dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0
3 years ago
_____ is the marketing of goods and services to individuals and organizations for purposes other than personal consumption.
azamat

Answer:

C) Business marketing

Explanation:

There are two major types of business transactions: business to business (B2B) and business to consumers (B2C).

When a company engages in B2B transactions, they are selling their products or services to another business or individual that will resell them to individual consumers. For example, Nike sells shoes to Foot Locker, and then Foot Locker resells them to final consumers.

Businesses engaged in B2B transactions use specific marketing strategies aimed at their wholesale clients which usually vary from marketing strategies aimed at final consumers, e.g. offer discounts for buying in bulk.

3 0
4 years ago
Read 2 more answers
Develop an estimate for each of the following situations:_________. a. The cost of a 500-mile automobile trip, if gasoline is $3
kirill [66]

Answer:

A.$325

B.657000 hours

Explanation:

We can calculate the cost of a 500-mile automobile trip by adding the cost of gasoline burnt and the cost of wear and tear during the trip. Total number of hours of 75 years old can be calculated by multiplying the number of hours in a day with the total number of days in a year.

DATA

Gasoline per gallon = $3

Vehicle wear and tear = $0.50/mile

Miles per gallon = 20 miles

Hours in a day = 24hours

Days in a year = 365

Number of years = 75

Requirement A            

Cost of a 500 mile automobile trip = Cost of gasoline + Cost of vehicle wear   ]

Cost of a 500 mile automobile trip = $75 + $250 = $325  

Working

Cost of gasoline = (500 miles / 20 miles) * $3 per gallon = $75       Cost of vehicle wear and tear = 500 miles * $0.50 per mile = $250        

Requirement A            

Total number of hours in 75 years of human life =  Life in years x Number of days in a year x Number of hours in a day

Total number of hours in 75 years of human life  = 75 years * 365 days * 24 hours = 657000 hours  

8 0
4 years ago
Average variable cost equalsa. average total cost minus average fixed cost. b. total variable cost divided by the change in outp
posledela

Answer:

a. Average total cost minus average fixed cost.

Explanation:

  • Total cost of production (TC)  can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and  total variable cost (V) - which are those cost that vary with the level of production. TC=F+V
  • Average total cost (ATC) is simply the division of total cost by the output produced (Q): ATC=\frac{TC}{Q} =\frac{F+V}{Q}=\frac{F}{Q}+\frac{V}{Q}.
  • Average variable cost (AVC) is the division of variable cost by the output produced: AVC=\frac{V}{Q}.
  • Then, average variable cost  can be obtained by :
  1. dividing the total variable cost by output (option c) or
  2. subtracting to average total cost the fixed average cost (\frac{F}{Q}), (option a).
7 0
3 years ago
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