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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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Gloria deposited $500 into a bank account that earned 7. 5% simple interest each year. She earned $225 in interest before closin
timama [110]

The number of years in which the money is in the account is 6 years.

<h3>What is simple interest?</h3>

Simple interest denotes the amount of payment that is received or paid by a person in return for anything pledged or given a loan.

The interest computed on the principal amount for a specified duration of time and rate of interest is called simple interest.

The formula of simple interest:

\text{SI}= \text{P}\times r \times t

Where, (P) stands for principal, (r) for interest rate, and (t) is for the time period.

<u>Computation </u><u>of a number of years:</u>

According to the given information,

P=$500,

r=7.5%,

t=?

SI= $225

Now, substitute the given values in the above formula, we have:

\text{SI}= \text{P}\times r \times t\\\\\$225=\$500\times\ 7.5\%\times t\\\\t= 6 \text{Years}

Therefore, the number of years is 6 years.

To learn more about the simple interest, refer to:

brainly.com/question/2793278

5 0
2 years ago
A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver
Ivenika [448]

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

Activity Based Overhead Rates = $28

Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

Product A Overhead Assigned = $37,800

Product B Overhead Assigned = $28 * 1,100 hours

Product B Overhead Assigned = $30,800

Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned

Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600

5 0
3 years ago
The florida real estate market is a market that is categorized in which two ways? (select two answers.) question 11 options: by
timurjin [86]
Commodity & location
5 0
3 years ago
Read 2 more answers
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $40,000 and
DerKrebs [107]

Answer:

$4,775

Explanation:

Given that,

Allowance for Uncollectible Accounts = $1,700

Write off in Accounts receivable during the year = $875

Allowance for Uncollectible Accounts required = $5,600

Closing Allowance for Uncollectible Accounts:

= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year

= $1,700 - $875

= $825

Bad debt expense for 2022:

= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts

= $5,600 - $825

= $4,775

6 0
3 years ago
Decison support systems help managers use __ to identify problems a d find solitions to business related problems. the __ system
Ber [7]

Answer:

raw data; Financial planning

Explanation:

"Decision support systems"<em> (DSS)</em> is an information system or a computerized program that helps assist an individual or a business in terms of making decisions.  So, this means that it helps the decision-makers in addressing their problems through raw data or data that is available. These data can be<em> partially structured or not structured at all.</em>

One example of DSS is the "Financial Planning system." This kind of system allows the manager to thoroughly examine the different alternatives or choices before it comes up with a final decision.

So, this explains the answer.

7 0
3 years ago
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