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UNO [17]
3 years ago
12

6. Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomi

cs or macroeconomics.
a. _______________The effect of a cigarette tax on the quantity of cigarettes sold
b. _______________The effect of a large government budget deficit on the economy's price level
c. _______________The optimal interest rate for the Federal Reserve to target
Business
1 answer:
vitfil [10]3 years ago
5 0

Answer:

Microeconomics

Macroeconomics

Macroeconomics

Explanation:

Microeconomics studies how individuals and firms make decisions in allocating scarce resources.

Some of the topics studied in microeconomics are :

marginal utility

Demand and supply

Elasticity of demand and supply

Market structures

Macroeconomics studies the economy as a whole.

Macroeconomics concepts include:

national income

gross domestic product (GDP)

inflation

unemployment

The effect of a cigarette tax on the quantity of cigarettes sold studies the microeconomic concept of demand and supply.

The effect of a large government budget deficit on the economy's price level and the optimal interest rate for the Federal Reserve to target studies macroeconomics concepts

I hope my answer helps you

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There are four functions of management: planning, leading, organizing and controlling. The controlling function of management is
Fantom [35]

Answer: True

Explanation:

Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.

Proper control leads to achievement of organizational goals.

6 0
3 years ago
Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation bet
irga5000 [103]

Answer:

Adriana Corporation

Using the High and Low method the Variable and Fixed portions of the Total Cost is:

Fixed Costs = $247,420

Variable Costs = $39.50 Per unit x 8,020 Machine Hours = $316,790

B. at an average of 7,500hrs Machine hours, the estimated Overhead costs = $247,420 x (39.50 x 7,500)

= $543,670

Explanation:

The High and Low Method is a costing method which attempts to split the mix of Fixed and Variable costs in a mixed Total cost of production by looking at one element of variability (in this case Machine Hours)

It is a subjective approach, however simple to calculate. Other method is the regression analysis, which is more complex in comparison to the high and Low

The attached excel file shows how we derived the Variable and Fixed Costs element of the Overhead Costs

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Download xlsx
5 0
3 years ago
Dave's Auto Supply custom mixes paint for its customers. The shop performs a weekly inventory count of the main colors used for
Elenna [48]

Answer:

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5 0
2 years ago
Question 433 pts Implementation of the law Group of answer choices is typically done by the members of Congress. is typically au
Eddi Din [679]

Answer:

Implementation of the law Group of answer choices requires judgment because laws are often very vague.

Explanation:

Originally, The Executive arm of government is supposed to implement the law while the congress which is also called the legislative arm enacts them.

However, It is necessary for the judiciary to interpret the laws since the executive arm tends to abuse their privileges thereby failing to implement the law.

The law is vague and is often subject to interpretation. The judges constitute a neutral body that balances power in government by passing judgement on erring officials and the entire citizenry thereby making implementation of the law possible.

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2 years ago
Southwest Airlines Professional Communications Certification
grandymaker [24]

Answer:

Ethnicity

Explanation:

Diversity has two dimensions: primary and secondary. The primary dimension refers to those characteristics which are mainly physical or physiological - cannot be changed.

The secondary dimension refers to our gained characteristics.

<u>Primary dimension</u> - age, gender, ethnicity, sexual orientation, physical handicap...

<u>Secondary dimension</u> - education, marital status, religion, monthly income...

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