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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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Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 1,630 units of Product
Harrizon [31]

Answer:

Explanation:

Activity cost pool:

  • Machine setups

Cost = $37,290

Total activity for both products = 339

Overhead rate = $37,290/339 = $110

  • Purchase orders

Cost = $165,240

Total activity for both products = 2040

Overhead rate = $165,240/2040 = $81

  • General factory

Cost = $123,690

Total activity for both products = 6510

Overhead rate = $123,690/6510= $19

Product F total overhead cost:

Machine setups = $110*144 = $15,840

Purchase orders = $81*890 = $72,090

General factory = $19* 2,440 = $46,360

Total = $134,290

Product G total overhead cost:

Machine setups = $110*195= $21,450

Purchase orders = $81*1150= $93,150

General factory = $19* 4070= $77,330

Total = $191,930

5 0
4 years ago
NEED HELP ASAP, WILL GIVE BRAINLIEST
adell [148]

Answer:

develop a plan

Explanation:

President Roslin of Country XYZ knows that a new policy is needed to help solve the problem of rising unemployment in her nation. Her next step is to develop a plan.

Ps:Can I be brainliest.thx

Have a nice day

3 0
3 years ago
Read 2 more answers
Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected return on plan asset
mixer [17]

Answer: $45 million

Explanation:

Cash Contributions during the year can be calculated by;

= Ending Plan assets + Retiree benefits - Opening plan assets - Actual return

Actual return

= Actual return on plan assets * Opening plan assets

= 13% * 500

= 65

Cash contributions = 530 + 80 - 500 - 65

= $45 million

3 0
3 years ago
Diane owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
BabaBlast [244]

Answer:

competition based pricing

Explanation:

When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.

For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.

8 0
3 years ago
According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizati
Serjik [45]

Answer:

b. contingency approach to management.

Explanation:

The Contingency Approach to management tells us that there is no best style of management.

The Employees should in turn push to encourage to adopt situation specific management approach since It gives them an opportunity to explore new things and problem specific solutions.

6 0
3 years ago
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