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Alexandra [31]
4 years ago
9

Suppose economists develop an economic modelLOADING... and find that​ "it works great in​ theory, but it fails in​ practice." Wh

ich of the following should the economists do​ next? A. They should leave the model as is. A model does not need to explain or predict real world events. B. They should retest the current​ model, as there may have been an error in the testing methods the first time. C. They should revise the model in light of its failure to explain or predict real world events. D. None of the above.
Business
2 answers:
BartSMP [9]4 years ago
7 0

Answer:

B. They should retest the current​ model, as there may have been an error in the testing methods the first time.

Explanation:

If in the studies carried out theoretically it is verified that the model works, that means that at the time of testing to confirm the veracity of the investigation there was an error and that is why it does not work in real cases. therefore a feedback should be made to identify where the faults are and correct.

Natali5045456 [20]4 years ago
4 0

Answer:

B. They should retest the current model, as there may have been an error in the testing methods the first time.

Explanation:

Their data may be wrong or their might be a flaw, this usually means you should reconsider your thinking and try a different way.

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You need to analyze your personal achievements, or B.  Without doing this, there is nothing to put on your resume.
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3 years ago
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Projects A and B are mutually exclusive and have an initial cost of $82,000 each. Project A provides cash inflows of $34,000 a y
MrRissso [65]

Answer:

If discount rate is 11.7% Project B should be accepted.

If discount rate is 13.5% both projects should be rejected

Explanation:

If the Net present value of Project A is higher than that of project B, we will accept project A and vice versa.

<u>Under 11.7% Discount Rate</u>

Net Present Value-Project A = -82000 + 34000 / 1.117  +  34000 / 1.117²  +   34000 / 1.117³  = $85.099

Net Present Value-Project B = -82000 + 115000 / 1.117³ = $516.029

Project B should be accepted as it has a higher NPV.

<u />

<u>Under 13.5% Discount Rate</u>

Net present Value-Project A = -82000 + 34000 / 1.135 + 34000 / 1.135² + 34000 / 1.135³   = - $2397.49

Net Present Value-Project B = -82000 + 115000 / 1.135³  = - $3347.91

Both projects should be rejected as both have negative NPVs

7 0
4 years ago
Which of the following are the characteristics of a competitive market? (Check all that apply.)
kakasveta [241]

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

  • Homogeneity of product: The product are made by different producers and encourages competition.
  • There are existence of many buyers and sellers in the market.
  • There is an access to derive perfect information on price of a product at any outlet in the market.
  • There are no charges for transaction costs in a competitive market
  • No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

<em>brainly.com/question/7024827</em>

5 0
2 years ago
Ten reasons why we need to have laws for business's
Anika [276]
1. To define unacceptable behavior.
2. To provide certainty & stability.
3. To protect the public.
4. To provide mechanism for businesses to resolve disputes.
5. Law gives everyone a framework for how to ace and operate.
6. To make better decisions.
7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.

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8 0
4 years ago
Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.
baherus [9]

Answer with Explanation:

Following are some types of account investments that are better for emergency funds and the return on these investment varies depending upon the risk born by the investors:

  • Current Account Investments
  • Commodity Investments
  • Mutual Funds

If the inflation rate is below the return paid on the current account then it could be a better investment option as the money doesn't loose its value over time.

If the inflation rate is higher than the return paid on the current account then it is better to invest in commodities like gold, petroleum products, etc, that are often termed as speculative investments.

If the investor is risk seeking person, then it is better to invest in mutual funds as the return on such investments is higher because of the higher risk that the investor bears.

6 0
3 years ago
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