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Delicious77 [7]
3 years ago
12

Which are characteristics of microeconomics? (Select all that apply.)

Business
1 answer:
dezoksy [38]3 years ago
5 0
Characteristics/Features of , microeconomics

Nature of Analysis - In microeconomics the behavior of individual consumers and producers  in detail is analyzed. It is the study of the subject matter from particular to general.

Method - Microeconomics  divides the economy into various small units is analyzed in detail.  It is a slicing method.

Scope - Microeconomics analysis involves product pricing. factor pricing and theory of welfare.


Application - Both theoretically and practically , micro economics is useful in formulating various policies, resource allocation. Public finance, international trade....


Nature of  Assumption - Assumption of  Ceteris Parabus is always made in every microeconomics theory. it means theory is applicable only when other things being same.




Hope that helps!!!!




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Marc and Michelle are married and earned salaries this year of $71,600 and $14,850, respectively. In addition to their salaries,
kompoz [17]

Answer and Explanation:

Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)

Please find attached calculations for gross income and AGI for the couple

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FitForLife Gym, a large U.S. based fitness center, receives royalty payments from WeWelness, a small Canadian company, for using
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Answer:

<em>Licensing </em>

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3 years ago
Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha
yawa3891 [41]

Answer:

Check:  5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

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6,790 x 20%                                  (1,358)

                   Invoice nominal:        5,432

discount within the first 10 days:

5,432 x 3%                                       (162.96)

        final amount:                       5,269.04

4 0
3 years ago
The _____ is the way in which each country’s economy links to other countries’ economies.
Burka [1]
<span>It's definitely: Global economy</span>
6 0
3 years ago
Several years ago, Grant County was sued by a former County employee for wrongful discharge. Although it was to be contested by
vovangra [49]

Answer:

d) Debit Expenses $50,000 and Claims payable $100,000; Credit Cash $150,000.

Explanation:

As for the information provided,

There was this law suit against the company from past several years. Where the lawyers already estimated that liability on the company will arise amounting $100,000.

Thus, on the provisional basis such claims of $100,000 would have been provided ideally.

Now, after final judgement the court had cleared about the claim which is $150,000.

Thus, entry to record such claim of $150,000 will be:

Expenses A/c Dr.               $50,000

Claims Payable A/c Dr.      $100,000

    To Cash A/c                                             $150,000

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3 years ago
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