Answer:
B) Abstraction forms an important part of economic analysis.
Explanation:
Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.
<span>Meaning our boundaries
are ever-changing, defined by society, we don’t know what will happen next "so-called
improvements" are only superficial, it's only a distraction, distracts
oneself from the truth. The Society is unwieldy and overgrown, ruined by luxury
and heedless expenses. </span>
<u>Answer:</u>
<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>
<u>Explanation</u>:
When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.
Implying they seek shelter under this laws that benefit them the most.
For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.
Answer:
Variable cost per unit= $0.10
Explanation:
Giving the following information:
Cost Machine Hours
March $3,106 15,176
April 2,668 9,558
May 2,892 11,947
June 3,538 17,899
<u>To calculate the variable cost under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (3,583 - 2,668) / (17,899 - 9,558)
Variable cost per unit= $0.10
Answer:
$23900
Explanation:
Given: Cumulative Preferred stock is 5900 shares of 6% at $50.
Dividend paid in 2019= $11500
First lets calculate the value of preferred stock.
Preferred stock= 
∴ Preferred stock= $17700.
Formula:
Dividend received by preferred stockholder= ![[Preferred\ stock +(Preferred\ stock-Dividend\ paid)]](https://tex.z-dn.net/?f=%5BPreferred%5C%20stock%20%2B%28Preferred%5C%20stock-Dividend%5C%20paid%29%5D)
⇒Dividend received by preferred stockholder=
⇒ Dividend received by preferred stockholder= 
∴ $23900 dividend received by preferred stockholder in 2020.
