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Hatshy [7]
3 years ago
9

Suppose the U.S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up t

o $5,000 for the old automobiles. These consumers who did trade in their old automobiles to take advantage of the government offer would be exemplifying the economic idea that
Business
1 answer:
evablogger [386]3 years ago
4 0

Answer:

people are Rational

Explanation:

Suppose the U.S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up to $5,000 for the old automobiles. These consumers who did trade in their old automobiles to take advantage of the government offer would be exemplifying the economic idea that they are rational.

Rationality refers to Purposeful Behavior which means that individuals behave/make choices/decisions that will maximize their satisfaction, pleasure or utility.

Being rational in economics means that people will weigh the cost and benefits before deciding in favor of higher benefits. Hence in the scenario people will love to change an old car for a new one and still get $5000.

You might be interested in
Andy and Delilah both work and have one qualifying child.They had AGI of $21,000.What is their EIC?
vekshin1

Answer:

$3,584

Explanation:

For the year 2020 if the married filed jointly so the amount should not exceed than $21,710 and eligible for the one child

So the maximum credit amount earned for the one children is $3,584

Also, the income for investment should be $3,650 or less for the particular year

So in the given options, this above amount is not given so the same is to be considered for the year 2020

And we assume that the question ask for the year 2020 only

6 0
3 years ago
You’ve been asking students to watch short videos for homework instead of reading the textbook. Students seem to be prepared for
patriot [66]

Answer:

The correct answer is the option B: include the video on a slide deck.

Explanation:

To begin with, in the situation where the teacher is trying to encourage the use of the virtual tools instead of the old textbook so therefore the students can do their homework in a way that is more interactive and dynamic then in order to know if they are doing it the teacher should include the video on a slide deck so in that way when they see the video they will have some comprehensive questions to answer and bring to the classroom or to think about and later ask them, so in that way the teacher would be able to know is they are watching or not the videos.

7 0
3 years ago
Read 2 more answers
A capital budgeting technique that can be computed by subtracting a​ project's initial investment from the present value of its
IRINA_888 [86]
I believe the answer is true.
3 0
3 years ago
The manager is responsible for training you about food safety in your job duties. These duties include preventing foodborne illn
lilavasa [31]

Answer:

The correct answer is C

Explanation:

Food safety is used as the scientific discipline, which describe the storage, handle or preparation of the food, in a manner or way which prevent the illness of the food borne.

When the training is provided on the food safety, the one and the foremost thing is to guide or make aware on preventing the contamination on the food by storing the food in such a way that it will prevent the same.

8 0
3 years ago
the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
liraira [26]

Answer:

FIFO.

Explanation:

Note: This question is not complete. The complete question is therefore given before answering the question as follows:

The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

FIFO.

LIFO.

Weighted average.

None of these answer choices is correct.

The explanation to the answer is now given as follows:

First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.

A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.

A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.

When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.

Based this explanation, the correct option for this question is FIFO.

4 0
4 years ago
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