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3 years ago

Economic models:

Business

1 answer:

Elanso [62]3 years ago

6 0

Answer:

The correct answer is letter "C": Can be useful, even if they are not particularly realistic.

Explanation:

Economic models are real-world phenomena simplified assumptions that allow individuals to have a better idea of how and why economic events take place and provide certain information on how to mitigate their impact if negative.

<em>Those assumptions are subjective since are given by individuals based on their beliefs but most of the time after observing different events and classifying them using different criteria. Thus, the assumptions might not be accurate sometimes but the economic model concluded could be useful still.</em>

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2 years ago

The difference between the economic surplus when the market is at its competitive equilibrium and the economic surplus when the

Zarrin [17]

Answer:

Deadweight loss

Explanation:

Deadweight loss can be defined as the lost economic surplus when a market is not allowed to adjust to its competitive equilibrium. The deadweight loss includes losses in both supplier and consumer surplus.

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3 years ago

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klasskru [66]

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2 years ago

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Assume that Division Blue has achieved a yearly income from operations of $166,000 using $976,000 of invested assets. If managem

bija089 [108]

Answer:

d.$87,920

Explanation:

Residual Income = Net Income - Cost of Investment

therefore

Residual Income = $166,000 - ($976,000 x 8%)

= $87,920

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2 years ago

Which of the following is one of the four factors included in Porter's diamond? 1) _______ A) economies of scale B) gross nation

svlad2 [7]

Answer:

The answer for one of the factors included in Porter's diamond is C) firm strategy, structure, and rivalry

Explanation:

Porter's Diamond Model also known as the Theory of National Competitive Advantage of Industries is a diamond-shaped framework that focuses on explaining why certain industries within a particular nation are competitive internationally, whereas others might not.

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3 years ago