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morpeh [17]
3 years ago
7

Economists are: Select one: a. concerned with developing theories and interested in solving problems. b. interested in solving p

roblems but not concerned with developing theories. c. reluctant to predict changes in variables such as prices, employment, and spending. d. always in agreement on the best way to implement policy decisions.
Business
1 answer:
Roman55 [17]3 years ago
4 0

Answer:

a. concerned with developing theories and interested in solving problems.

Explanation:

The term economists refer to the person who studies, theorizes, analyzes, and develops concepts in the discipline of economics. Economists have the excellence and work in the field of academia, in the government sector and private sectors. They are experts whose opinions and researches help in the building up of the policies related to the economic terms of the market. They theorize the concepts and researchers on the market trends to help in the growth of the economy respectively.

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A cost that will not be affected by later decisions is termed a(n) a.period cost b.replacement cost c.differential cost d.sunk c
LenaWriter [7]

Answer:

Sunk cost

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions

Differential cost refers is difference between the cost of two different decisions.

Replacement cost is a the cost incurred in replacing an essential asset.

4 0
3 years ago
The marginal product of labor is defined as
Alja [10]

Answer:

The correct answer is C. the change in output that a firm produces as a result of hiring one more worker.

Explanation:

The marginal productivity is the variation that the production of a good experiences when increasing a unit of a productive factor of the same, remaining the rest constant.

It is an economic index that is used to express and measure changes in the result of a productive process once the variables that affect it change. That is, the productive factors. This measure expresses the variations and intensity of these in the face of changes in productive elements, thus deciphering the importance of each one of them for the total calculation.

4 0
3 years ago
A. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t
AleksAgata [21]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000  

          To Service revenue $2,000

(Being service revenue is recorded)

b. Wages expenses Dr, $1,000  

          To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400  

    To Interest payable $400

(Being interest expenses is recorded)

d. Lawn service expenses $500  

    To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200  

     To Interest revenue $200

(Being interest revenue is recorded)

f. Salaries expenses $900  

     Salaries payable $900

(Being salary expenses is recorded)

3 0
4 years ago
Tyson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Tyson expects to incur $480,000
Harlamova29_29 [7]

Answer:

a. Overhead Allocation Rate = $40.00

b.Overhead Allocation Rate = $120.00

Explanation:

Please see attachment.

5 0
4 years ago
Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal
Gre4nikov [31]

Answer:

Option D. The accountant was a member of a professional organization.

Explanation:

The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:

  1. Duty of care existed between the relation
  2. She has suffered economic harm  &
  3. The harm was proximately caused by the accountant's breach of the duty of care.

So the accountant's membership is not a valid requirement under the negligence act for a successful claim.

4 0
3 years ago
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