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nekit [7.7K]
3 years ago
8

Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa

lly. Which of the statements is NOT a reason why economists still consider their models valid, in spite of the irrationality of people?
Business
1 answer:
BartSMP [9]3 years ago
3 0

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

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The original cost of an inventory item is below both replacement cost and net realizable value. The net realizable value less no
Tanzania [10]

Answer:

D) Original cost.

Explanation:

When the company uses the lower of cost or market method, it should assign value to its inventory by calculating the middle figure between replacement cost or net realizable value, and net realizable value - normal profit.

In this case, the market value must be either the replacement cost or the net realizable value, but both values are the highest. Since the original cost is below the market value, but above the net realizable value - normal profit, the inventory must be valued at the original cost.

4 0
3 years ago
All of the following actions are consistent with feelings of regret except:________.
hram777 [196]

Answer:

Option A, selling losers quickly, is the right answer.

Explanation:

According to some researchers and their investigation consistency factors has the potential to influence feelings of regret. Regret may emerge as a function of consistency and discrepancy between an individual's orientation and effort of an evaluative decision. Whenever the decision-maker approves an orientation of serving errors associated with the actions are generally more consistent and thus led to comparatively less feeling of regret.

4 0
3 years ago
Which type of market research data is Roland about to analyze? Roland works as a researcher for his manufacturing firm. He has c
lozanna [386]

Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature.  Primary data are collected by Roland before analysis are from first-hand or primary sources.  For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data.  Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

8 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
lawyer [7]

Answer:

PRODUCT LAYOUT

Explanation:

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7 0
2 years ago
Which of the following statements about cover letters is false?
Law Incorporation [45]

The false statement about cover letters is that: C. a cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a cover letter?</h3>

A cover letter can be defined as a type of letter that is attached as an introduction and it generally accompanies another document such as a résumé.

This ultimately implies that, the false statement about cover letters is saying it's sent before a résumé to an employer of labor, so he or she knows it is coming.

Read more on cover letters here: brainly.com/question/24136973

#SPJ1

7 0
2 years ago
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