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3 years ago

Classify the following topics as relating to microeconomics or macroeconomics.

Business

1 answer:

maksim [4K]3 years ago

5 0

Answer:

Microeconomics

A firm's decision on which production method to use.

The effect of rent control on the housing market.

The effect of externality on the quantity produced by the market.

A student's decision about how to allocate hi

Macroeconomics

The effect of an increase in income tax on national income.

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Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was c

Vera_Pavlovna [14]

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

Learn more about Groupthink from

brainly.com/question/10206116

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3 years ago

What is the purpose of cost accounting iss?

vitfil [10]

The main purpose of cost accounting is to find out the cost of the various processes in the business so that selling prices can be fixed appropriately.

<h3>What is cost accounting?</h3>

This is an accounting method that allows companies to find out the cost of various processes and transactions they embark on.

Knowing these costs will enable the company to know the price it can charge on goods so that it can recoup these costs and make profits.

Find out more on cost accounting at brainly.com/question/24516871.

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3 0

2 years ago

1. An advantage of gig work is...

Vladimir79 [104]

Answer:

B. flexible work hours

Explanation:

Frogvie me pease :(

8 0

2 years ago

Soup and salad cost $5.50 in total. the soup costs a dollar more than the salad. how much does the salad cost (in cents)?

atroni [7]

Soup + Salad = 5.50

Soup = Salad + 1

Subtitute both formulas into:

Salad + 1 + Salad = 5.50

2 Salad = 4.50

Salad = $ 2.25

= 225 cents

4 0

4 years ago

Read 2 more answers

Sheryl Hansen started a business on May 1, 20--. Analyze the following transactions for the first month of business using T acco

slava [35]

Answer:

Sheryl Hansen

T- Accounts

Cash

Account Titles Debit Credit

a. Sheryl Hasen, Capital $3,100

b. Equipment $500

d. Accounts Payable 300

e. Sheryl Hasen, Drawings 700

Sheryl Hasen, Capital

Account Titles Debit Credit

a. Cash $3,100

Equipment

Account Titles Debit Credit

b. Cash $500

c. Accounts Payable 800

Accounts Payable

Account Titles Debit Credit

c. Equipment $800

d. Cash $300

Sheryl Hasen, Drawings

Account Titles Debit Credit

e. Cash $700

Explanation:

a) Data and Analysis:

a. Cash $3,100 Sheryl Hasen, Capital $3,100

b. Equipment $500 Cash $500

c. Equipment $800 Accounts Payable $800

d. Accounts Payable $300 Cash $300

e. Sheryl Hasen, Drawings $700 Cash $700

4 0

3 years ago