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3 years ago

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

1 answer:

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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A scientist needs 80 liters of a 30% solution of alcohol. She has a 20% solution and a 60% solution available. How many liters o

lana [24]

80 times .30= .20x +.60(80-x)
24=.20x+48-.60x
Subtract 48 from both sides
-24=-.40x
Divide both sides by-.40
X= 60
60 liters of 20%

8 0

2 years ago

Hawke Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $

sdas [7]

Answer:

2019:- 62000 Income ; 2020:- 24000 loss ; 2021:- 43000 Income

Explanation:

Assets - Liabilities = Capital (Closing / Opening both)

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

(Opening Capital = 1st Jan , Closing Capital = 31st Dec) here

2019

Closing Capital = Closing Assets - Closing Liabilities

400000 - 250000 = 150000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

= 150000 - 100000 + 12000 = 62000 Income

2020

2020 Opening Capital = 2019 Closing Capital = 150000

Closing Capital = Closing Assets - Closing Liabilities

460000 - 300000 = 160000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

160000 - 150000 - 34000 = 24000 loss

2021

2021 Opening Capital = 2020 Closing Capital = 160000

Closing Capital = Closing Assets - Closing Liabilities

590000 - 400000 = 190000

Profit = Closing Capital - Opening Capital + Drawings - Additional Capital

190000 - 160000 + 25000 - 12000 = 43000 Income

4 0

3 years ago

Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i

ivolga24 [154]

Answer:

$906.30

Explanation:

Face value (FV) = $1000

Coupon payment (C) = 7% of $1000 = $70

Yield to maturity (r) = 8% = 0.08

t = 18

Number of compounding periods (n) = 1 (annually)

Using the relation:

C[( 1 - (1 + r/n)^-nt) / (r/n)] + FV / (1 + r/n)^nt

70[(1 - (1 + 0.08)^-1*18) / (0.08/1)] + 1000 / (1 + 0.08/1)^1*18

70[1 - (1.08)^-18) / 0.08] + 1000 / 1.08^18

70[(1 - 0.2502490)/0.08] + (1000 / 3.99601949918)

70(9.3718871) + 250.24902

= $906.281117

= $906.30

6 0

2 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

notsponge [240]

Answer:

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

<em>(W1) Cost of goods sold</em>

Direct Material 3,450,000

Direct Labour 1,196,000

Variable manufacturing cost 782,000

Variable selling cost 600,000

Total variable cost 6,028,000

Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD 5,241,739.13

8 0

3 years ago

A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market pric

SSSSS [86.1K]

Answer:

435

Explanation:

5(90)=450-15=435

8 0

2 years ago