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Marina86 [1]
3 years ago
11

The decision of which assumptions to make is:a. an easy decision for an economist, but a difficult decision for a physicist or a

chemist. b. not a particularly important decision for an economist. c. usually regarded as an art in scientific thinking. d. usually regarded as the easiest part of the scientific method.
Business
2 answers:
BARSIC [14]3 years ago
8 0

Answer:

Usually regarded as an art in scientific thinking.

Explanation:

Scientific thinking can be described as the process of studying the problem solving skills and thinking plans of different individuals.

Scientific thinking analyses various individual ideas which is derived from their environment and then linked to their different practices.

The different stages involved in scientific thinking include:

1) Making an observation

2) Asking questions.

3) Formation of a hypothesis.

4) Making different predictions which is based on the hypothesis.

5) Testing out the prediction.

6) Utilizing the results to form new hypothesis.

myrzilka [38]3 years ago
8 0

Answer:

A. an easy decision for an economist, but a difficult decision for a physicist or a chemist.

Explanation:

Assumption refers to an unconfirmed facts.

Economics is the scientific study of human behavior in relation to ends and scarce means which have alternative uses. A person who studies economics is called an Economist.

Physics is the study of properties and interaction of space, time, matter and energy. A person who Study physics is a physicists.

Chemistry is the study of composition of substances and the changes they undergo as a consequences of alteration in the constituents of their molecules. A person who studies chemistry is called a chemist.

Both physicist and chemist makes use of experiment to deduce a facts. It is difficult for them to assume a facts until experiment has been carried out.

On the other hand, economist usually based their judgement on assumptions. It is very difficult for an economist to carry out an experiment to deduce their fact because they deal with human behavior which is different from person to person.

Based on the definition of assumption above, it can be deduced that Physicist and chemist have confirmed facts from performing experiment while an economist deals with unconfirmed facts.

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Buy what u need when u need it not what u want when u want my dad always said

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Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C
zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

7 0
3 years ago
OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Eac
-Dominant- [34]

Answer: 299750

Explanation:

Based on no-arbitrage approach, future price should be equal to spot price compounded by risk-free rate.

Spot price = $110

Risk-free rate = 9%

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3 0
3 years ago
Fabian was finding it difficult to acquire a credit card that would suit his needs. He checked his credit report to determine wh
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Answer:

D.

irregular and missed loan payments

Explanation:

Missing and missed loan payments cause one to have a poor credit score.  A credit score is a numerical representation of an individual or institution's debt worthiness. A high credit shows that the individual is a trusted borrower.

A high credit score comes about if one has a history is repaying his or her obligation promptly. The individual does not skip on their regular installments repayment. Lending institutions use borrowing history to predict how a borrower is likely to behave if credit is advanced to them. A high credit score shows that the borrower is unlikely to default to his repayment.

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3 years ago
2. You now have Birr 2,000,000 in the bank earning interest of .5 percent per month. You need Birr 3,000,000 to make a down paym
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The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.

<h3>How many months would it take to accumulate 3,000,000?</h3>

The equation that represents the total amount saved :

Total amount =amount invested +  total interest earned + total amount earned

Total interest earned = amount invested x time x interest rate

2,000,000 x 0.005 x m = 10,000m

Total amount earned = savings per month x total number of months

10,000m

3,000,000 = 2,000,000 +  10,000m + 10,000m

3,000,000 - 2,000,000 = 20,000m

1,000,000 = 20,000m

m = 50 months

To learn more about interest, please check: brainly.com/question/26164549

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5 0
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