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BlackZzzverrR [31]
4 years ago
7

When an economist attempts to apply conclusions from a two good model to the real world, they break the chain of _____________ l

ogic?
Business
1 answer:
madam [21]4 years ago
3 0
To break the chain of circular reasoning, the economist gives two models with different premises and leads to one conclusion. Providing different premises that lead to one conclusion can strengthen an argument. <span>
</span><span>Circular reasoning is a chain, a logical fallacy of the argument that has the same premises which are also the conclusion of the person. Sometimes, the words are just written or said differently but still has the same point.</span><span>
</span><span>
</span>
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Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan
Charra [1.4K]

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

8 0
3 years ago
At​ Frank's Delicatessen, Frank noticed that the elasticity of customers differed in the short and longer term. Frank also notic
Juliette [100K]

Answer:

C. Negative; Positive

Explanation:

If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.

If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.

5 0
4 years ago
TREMAINE:
WITCHER [35]

The amount of money he will save by paying an extra $15,000 upfront is $11,974.80.

Loan = Cost - Down payment

Loan = $145,000 - $15,000

Loan = $130,000

<u>Given Information</u>

P/Y= 12, C/Y=12

N= 30*12= 360

I/Y = 4.38

PV= -130,000

Monthly payment = PMT(C/Y, N, I/Y, -PV)

Monthly payment = $649.45

Total interest over the whole term = Monthly payments * Number of payments - Loan

Total interest over the whole term = $649.45*360 - $130000

Total interest over the whole term = $103,802

 

If waited to have down payment of $30,000: The Loan= $145,000 - $30,000 = $115,000

<u>Given information</u>

N= 30*12= 360

I/Y = 4.38

PV= -115,000

Monthly payment = PMT (N, I/Y, -PV)

Monthly payment = $574.51

Total interest over the course of the mortgage = $574.52*360 - $115,000

Total interest over the course of the mortgage = $91,827.20

Money saved by paying extra $15,000 upfront = $103,802 - $91,827.20

Money saved by paying extra $15,000 upfront = $11,974.80

Therefore, the amount of money he will save by paying an extra $15,000 upfront is $11,974.80.

Learn more about fixed mortgage:

<em>brainly.com/question/2501237</em>

5 0
2 years ago
Read 2 more answers
Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma
Fudgin [204]

Answer: Option B

         

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

7 0
3 years ago
Environment-related opportunities for service include:
andreyandreev [35.5K]

Answer:

1) Reduce the use of water

2) Reusing plastic items

3) Recycle

4) Reduce the use of electricity

5) Planting/gardening

6) voluntarily doing 1 - 5

3 0
3 years ago
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