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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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ddd [48]

Answer:

$11,000 under applied

Explanation:

To compute the under or over applied overhead, we need to find out the predetermined overhead rate

Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours

= $4,100,000 ÷ 500,000

= $8.2

Then, the overhead applied is;

= Actual machine hours × Predetermined overhead rate

= 495,000 × $8.2

= $4,059,000

Now, the under applied or over applied overhead is

= Actual annual overhead cost - Applied overhead

= $4,070,000 - $4,059,000

= $11,000 under applied

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3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
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Answer

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Explanation:

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castortr0y [4]

Answer:

$162

Explanation:

As we know that

1 square feet = 0.1 square yard

which means

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