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Degger [83]
3 years ago
14

A useful economic model a. deals only with possibilities that actually occurred. b. will avoid conclusions that have public poli

cy implications, because economists do not make value judgments. c. makes only realistic assumptions. d. may make some unrealistic assumptions in order to simplify a complex reality. g
Business
1 answer:
inna [77]3 years ago
8 0

Answer:

d. may make some unrealistic assumptions in order to simplify a complex reality

Explanation:

In economics, a model is a conceptual structure that represents economic procedures through a number of variables and a series of rational or quantitative interactions. The economic model is a simpler framework intended to demonstrate complex structures that is often mathematical.

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The appropriate response is staffing pattern. The staffing administration design gives the organized procedures to recognize persistent needs and afterward to convey the staff assets as productively and viable as could be expected under the circumstances. A viable arrangement initially concentrates on balancing out the unit center staffing. A staffing example, or center scope, is resolved through a gauge workload and a prescribed care standard.
7 0
3 years ago
volume_upclosed_captiondescriptionfullscreen According to Mikey, the founder of Holden Outerwear, manufacturing products at five
Ad libitum [116K]

Answer: a. increased paperwork at every step of the shipping process.

Explanation:

There is no excerpt attached but this should be the answer.

Having five different factories in China means that Holden Outwear would have to transport things to and fro all five factories including raw materials, intermediate goods and finished goods.

This represents a lot of shipping and shipping comes with paperwork. It would therefore be no surprise if the Holden Outwear is having to go through the bane of increased paperwork for manufacturing at five different factories.

6 0
3 years ago
If a 30% change in the price of grape soda leads to a 45% change in quantity demanded, then what is the price elasticity of dema
Kaylis [27]
2 grape sodas the price of it is 10 dollars
5 0
3 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t
Lyrx [107]

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000  units

Less-Opening balance as on 1st June = 72,000  units

Add-Closing balance as on 30th June = 40,000  units

No of unit manufactured = Sales department budget for June  - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000  units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

4 0
3 years ago
Jim had a beginning inventory of $5,500. During the month of April, he purchased $4,000 of food and had an ending inventory of $
Likurg_2 [28]

Answer:

1.23

Explanation:

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.

Cost of Sales=Opening Inventory+Purchases-Closing Inventory

                      =5,500+4,000-3,800= 5,700

Average Inventory= Opening + Closing/2

                              = 5,500+3,800/2= 4,650

Inventory Turnover Ratio= <u>Cost of Sales</u>

                                            Avg Inventory

                                          = 5,700/4,650=1.23

8 0
3 years ago
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