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Natalija [7]
3 years ago
12

Chuck offers $240,000 for a house. The seller turns down the offer but says she will sell the house for $260,000. However, Chuck

refuses to pay the higher price. If Chuck is following the economic decision rule, the marginal benefit of the house to:
Business
1 answer:
qaws [65]3 years ago
6 0

Answer:

Chuck must be less than $260,000

Explanation:

The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.

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If the quantity of real domestic output demanded increased by $1,000 at each price level, the new equilibrium price level and qu
NeTakaya

If the quantity of real domestic output demanded increased by $1,000 at each price level, then, according to macroeconomics, the new equilibrium price level and quantity of real domestic output would be 150 and $4,000.

<h3><u>What is macroeconomics?</u></h3>
  • Macroeconomics is a subfield of economics that focuses on the behavior of an economy as a whole, including the market and other large-scale processes.
  • Inflation, price levels, economic growth rates, national income, gross domestic product (GDP), and variations in unemployment are only a few examples of the phenomena that macroeconomics analyzes.
  • Macroeconomics makes an effort to assess how well an economy is operating, comprehend the forces that shape it, and predict how performance could increase.
  • In contrast to microeconomics, which focuses primarily on the decisions made by individual economic actors, macroeconomics examines the functioning, structure, and behavior of the entire economy (like people, households, industries, etc.).

Curves of supply and demand cross at the equilibrium price. We would forecast that the market will function at this pricing.

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6 0
2 years ago
Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make th
pychu [463]

Katrine works in material planning and control part of the supply chain.

<u>Explanation: </u>

Material preparation is a mathematical method used to assess in advance, according to the development schedule, demands for raw materials, additional related components, spares and other items. The whole plan event is a module. The process of product preparation affects several factors.

  • Micro factors: Mainstreaming, rejects, lead times, stock inventory levels, working capitals, power delegations, and interaction constitute some of the micro factors affecting material planning.
  • Macro factors: Price dynamics in economic cycles Govt are among the micro factors that impact product planning.

The product quality program will result in the planning and procurement of the goods delivery schedule .

7 0
3 years ago
Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
vaieri [72.5K]

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Intuition Decision Making model.

Explanation:

Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.

When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.

4 0
3 years ago
what is crowdsourcing? a. it is the act where a group of people moves from one country to another while looking out for better w
Scrat [10]

Crowdsourcing is the act of taking a job traditionally performed by a designated agent and outsourcing it to an undefined generally large group of people in the form of an open call.

Crowdsourcing involves a massive group of dispersed contributors contributing or generating items or offerings—consisting of thoughts, votes, micro-obligations, and price range—for payment or as volunteers. Present-day crowdsourcing often includes digital structures to draw and divide paintings between individuals to acquire a cumulative result. Crowdsourcing isn't always restricted to online hobbies, however, and there are numerous ancient examples of crowdsourcing. The word crowdsourcing is a portmanteau of "crowd" and "outsourcing". In assessment to outsourcing, crowdsourcing typically entails much less particular and greater public companies of members. Benefits of using crowdsourcing include reduced expenses, stepped forward velocity, improved best, extended flexibility, and/or extended scalability of the paintings, in addition to selling diversity. Crowdsourcing techniques include competitions, digital hard work markets, open online collaboration, and statistics donations.

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4 0
1 year ago
our aunt has $500,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year
dedylja [7]

Answer:

B. 17 is the correct answer.

Explanation:

8 0
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