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weqwewe [10]
4 years ago
6

What would be another example of a ""system"" in the real world that could serve as a metaphor for micro and macroeconomics?

Business
1 answer:
kicyunya [14]4 years ago
8 0

Answer:

The solar system can be a metaphor for micro and macroeconomics in the real world.

Explanation:

There are several physical systems in the real world that can act as a metaphor for micro and macroeconomics. The solar system, for instance, can perfectly serve as a metaphor for micro and macroeconomics. The study of a single planet in the solar system can be microeconomics or the study of the solar system in the galaxy is macroeconomics. While the study of the galaxy as a whole will be macroeconomics.

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In determining whether or not to make an investment, good managers will make the investment only when:
Rus_ich [418]

Answer:

A) the marginal benefits are greater than the marginal costs.

Explanation:

When you are trying to evaluate an investment project, marginal benefits and marginal costs are actually incremental benefits and incremental costs.

Incremental benefits are the benefits that a company earns by taking a particular action or making a particular decision, always compared to not taking that particular action or making that decision.The same applies to incremental costs.

So a good manager should decide to invest or not in a certain investment project if the revenues that the project will generate are greater than its costs, and are greater than the benefits that could be generated by other similar investments (opportunity cost).

7 0
4 years ago
On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye
wlad13 [49]

Answer:

$200

Explanation:

Calculation for How much of the $3,000 fee may Z deduct on his Schedule C for the current year.

Amortized over life of loan = ($3,000/60 months) x 4 months

Amortized over life of loan=$50×4 months

Amortized over life of loan=$200

Note that September 1 to 31 December will give us 4 months

Therefore what Z deduct on his Schedule C for the current year is $200

4 0
3 years ago
Select each of the PACED steps below. Define the problem. Conduct an Internet search for information. List the alternatives. Sel
kumpel [21]

Answer:

Define the problem.

List the alternatives.

Select the criteria.

Evaluate the alternatives.

Make a decision.

Explanation:

4 0
3 years ago
Read 2 more answers
If competition decreases in a certain industry
Arisa [49]
Option "b" is correct. It is because that any industry without competition always move towards its fatal destruction. The quality of items being produced in such industry degraded with passage of time. So in this case, the the company that belongs to such an industry has to utilize its economic power for its own survival and in the favor of the remaining industry. 
3 0
3 years ago
An outside supplier offers to provide Epsilon with all the units it needs at $63.05 per unit. If Epsilon buys from the supplier,
ICE Princess25 [194]

Answer:

Make since the relevant cost to make it is $59.05

Explanation:

Calculation to determine what Epsilon should choose to:

Relevant costs to make = 8.20 + 24.20 + [41*(100%-35%)]

Relevant costs to make = 8.20 + 24.20 + (41*65%)

Relevant costs to make = 8.20 + 24.20 + 26.65

Relevant costs to make =$59.05

Therefore Epsilon should choose to: MAKE SINCE THE RELEVANT COST TO MAKE IT IS $59.05

8 0
3 years ago
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