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love history [14]
3 years ago
10

The basic difference between macroeconomics and microeconomics is:_________.

Business
1 answer:
hammer [34]3 years ago
4 0

Answer:

c. microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.

Explanation:

Macroeconomics analyzes the behavior and performance of the entire economy. It examines all the aggregate indicators that influence economic performance. These factors inflation,  unemployment rate, growth rate, and gross domestic product. The Government and other stakeholders use macroeconomic data to formulate policies aiming at directing the economy in the intended direction.

Microeconomics is the analysis of how firms and individual households allocate limited resources to satisfy unlimited wants. It studies how individuals make choices and how those choices affect the production and consumption of a product. Microeconomics is concerned with a single product or market, while macroeconomics deals with the whole economy.

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Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells t
Fynjy0 [20]

Answer:

$750

Explanation:

Total cost for Brett = Rental cost + Buying cost for 200 throws

Total cost for Brett = $1,500 + ($15*200)

Total cost for Brett = $1,500 + $3,000

Total cost for Brett = $4,500

Total income for Brett = Demand * Selling cost

Total income for Brett = 150 * $35

Total income for Brett  = $5,250

Payoff = Income - Cost

Payoff = $5,250 - $4,500

Payoff = $750

4 0
3 years ago
Todd Williamson and Jim Miranda started their business, Broad Reach Sailing, as a way to earn a living doing something they love
Hitman42 [59]

Answer:

C. More leisure time

Explanation:

An entrepreneurships can represent an opportunity for success, since all large corporations started that way. They can also generate a lot of profit and make their owners very rich people. It is great to be your own boss but it is also very challenging and motivating.

But the only thing that an entrepreneurship is not, is an job that allows you to have a lot of free time. Entrepreneurships are extremely time consuming and require lots of work and passion.

5 0
3 years ago
Starbucks discovered through marketing research that 30% of consumers buy over 90% of all coffee drinks. If Starbucks used this
ser-zykov [4K]

Answer: Objective and Specific

Explanation:

 According to the given scenario, the Starbucks is basically analyzing the market segments by using the proper marketing search process and it using the objective and the specific base of the segmentation for evaluating the each segments in the given data.

The main component of the segmentation is the objective that helps in reducing the overall risk in the decision process and also increase the overall efficiency of the product in the market.

 Therefore, Objective and Specific is the correct answer.

4 0
3 years ago
Stephani Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. Prior t
VashaNatasha [74]

Answer:

the manufacturing overhead for the month should be overapplied by $16,000

Explanation:

Given that

The debit to the manufacturing overhead is $53,000

And, the credit balance is $69,000

So, it should be overapplied by the

= $53,000 - $69,000

= $16,000

Therefore the manufacturing overhead for the month should be overapplied by $16,000

This is the answer but the same is not provided in the given options

7 0
3 years ago
If output is above its natural rate, then according to sticky-wage theory_____________.
Serga [27]

Answer:

Option A

Explanation:

workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate  supply curve left.

7 0
3 years ago
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