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3 years ago

Economics was known as the "Dismal Science" because

Business

1 answer:

murzikaleks [220]3 years ago

4 0

Answer:

More than a century and a half ago Thomas Carlyle defined the economy as "dismal science." This term is born from the implicit pessimism of the ideas of economist Malthus about the difficulty of growing food production at the same rate as population expansion.

More recently, Samuelson placed the origin of the discipline's sadness on the idea of budgetary constraints that would always place us in the face of confrontation between our desires and our possibilities of serving them.

It is also claimed that John Stuart Mills propitiated this term given that institutions, not race, determined why one nation became rich while others did not.

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Sasha, a production manager at ZestCorp Inc., must predict future labor demand using information about inventory levels from the

Olegator [25]

Answer:

Trend Analysis

Explanation:

Trend analysis pertains to categorizing and assigning statistical prototypes that indicate labor demand for the next business year. That is, forecasting your future labor need from past experience and statistical data. This gives Sasha a reasonable objective statistics from the past 3years which she will base her forecast on for the next year. These statistics are also called leading indicators. In this technique. Sasha is utilizing trend analysis to anticipate labor demand.

8 0

3 years ago

A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1

Kamila [148]

An invoice is a document given from the seller to the buyer stating the quantity of products bought, agreed prices and transactions made between the two parties. If the buyer bought the product in June 10 and decides to pay on the 19th, only 9 days have passed since the date of purchase. This is inclusive of the agreement written that 2% discount is given if paid not more than 10 days. Therefore, the check should be

($5,000)(1-.0.02) = $4900

8 0

3 years ago

Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 an

hjlf

Answer:

The net present value of this investment is $989.32

Explanation:

The Net Present Value is calculated by taking the Present Day (discounted) value of all future net cash flows based on the business cost of capital and subtracting the initial cost of investment.

Input Value Cash flow

CF0 ($21,705)

CF1 $6,700

CF2 $6,700

CF3 $6,700

CF4 $6,700

Cost of Capital = 7%

Input the values in a financial calculator we get the result;

Net present value = $989.3154

= $989.32

Conclusion :

The net present value of this investment is $989.32

8 0

3 years ago

Solve the simultaneous equation <br>y+x=4<br>2y-x=5

beks73 [17]

Answer:

<h2>Value of X = 1</h2>

<h2>Value of y = 3</h2>

Solution,

Using substitution method,

y + x = 4

Move 'x' to the left hand side and change its sign:

y = 4 - x --------> equation (i)

Now,

2y - X = 5

putting the value of y from equation (i)

2( 4 - x ) - X = 5

8 - 2x - x = 5

8 - 3x = 5

- 3x = 5 - 8

- 3x = - 3

The difference sign (-) will be cancelled in both sides

3x = 3

3x/3 = 3/3

X = 1

Value of X is 1

Now, replacing the value of X in equation (i)

y = 4 - x

= 4 - 1

= 3

Value of y is 3

Hope this helps...

Good luck on your assignment...

6 0

3 years ago

As a young child, Hermes suffered from severe allergies and required weekly visits to a clinic in order to receive injections. A

OverLord2011 [107]

Answer: Classic conditioning

Explanation: Classic conditioning is a state of mental disorder caused by some incident leading to phobias, sudden anger or sexual arousal.

In the given case, Hermes had a phobia to go to a doctor's office which is caused by some bad experiences in childhood. Thus, we can conclude that the behavior of hermes explained is an example of classic conditioning.

8 0

3 years ago