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algol13
3 years ago
8

The concept or term the refers to the notion that all variables except those under immediate consideration are held constant for

a particular analysis is known as:
A. the generalizations assumption
B. the purposeful simplification assumption
C. the scientific method
D. the other-things-equal assumption
E. ceteris paribus
Business
1 answer:
masha68 [24]3 years ago
8 0

The other-things-equal assumption, ceteris paribus refers to the notion that all variables except those under immediate consideration are held constant for a particular analysis.

<u>Explanation:</u>

"Holding other things constant" refers to the term Ceteris paribus. It mainly considers the one statement "all thing being equal" . In economic field, it takes only one variable into account and determines the effect of that one variable in economics holding all the other variables as a constant.

Whenever an argument occurs related to cause and effect then this concept comes into play. For instance this concept says that increasing the wage of an employee can reduce marginal cost, increase money supply, improves profits of the company he is working,etc. Thus, it considers the effect of only the wage of an employee.

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The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balan
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Answer:

Cost of goods manufactured during the period was $225,600

Explanation:

The computation of the Cost of goods manufactured is shown below:

Cost of goods manufactured = Cost of goods sold + ending balance of finished goods inventory - beginning balance of finished goods inventory

= $233,000 + $24,200 - $31,600

= $225,600

We simply added the ending balance of finished goods inventory and deducted the beginning balance of finished goods inventory to the Cost of goods sold

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3 years ago
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Molly wants to start a new business in collaboration with her husband and sister-in-law. the features she is looking for in the
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The type of business ownership is best suited to her needs limited partnership. Thus option (C) is correct.

<h3>What is Partnership Business?</h3>

A partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.

Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.

According to the above, scenario, Molly with her husband and the sister-in- law as partners wanted to start a business. She wants faster decision making, least regulation and ease in doing business.

All the requirement of her matches with the limited partnership type of the business where the liability of all the partners are limited to their amount of investment.

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7 0
2 years ago
Suppose that the equilibrium price of greeting cards declined at the same time the equilibrium quantity of greeting cards increa
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Answer:

The answer is: A) A decrease in the price of paper used to make greeting cards.

Explanation:

In normal market conditions, an increase in the equilibrium quantity of greeting cards means that the quantity demanded and the quantity supplied of greetings cards increased. Usually an increase in the quantity supplied will result in an increase of the price of the good or service. But on this specific case something else made the price of the cards decrease. The only one of the four possible options that can explain an external cause for a decrease in the price of greetings cards, is a decrease in the price of paper used to manufacture them.  

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