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3 years ago

Which option best describes the main behavior that economics studies?

Business

1 answer:

Ierofanga [76]3 years ago

3 0

Answer: People making choices based on their limited resources

Explanation:

The option best describes the main behavior that economics studies is People making choices based on their limited resources.

Economics is a social science subject which studies how humans behaves due to scarcity and due to the limited resources that are available.

As a result of limited resources, Individuals or economic agents have to make choices and choose the good or service that matters most to them. This is where opportunity cost comes in as other options are left and the best option is chosen.

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Billy Longstreet bought a new car and was a bit uncertain about whether or not he had done the right thing. Two days after he pu

Nonamiya [84]

Answer:

dissonance

Explanation:

Based on the information provided within the question it can be said that this attempt seemed to be aimed at reducing dissonance. This term refers to holds two or more contradictory beliefs, ideas, or values. Which in this scenario, the salesman makes this comment in order to see if Billy was satisfied and knew that his purchase was a good one. If Billy were to decide to sell the car to one of those interested buyers then it is likely because he does not know its value.

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4 years ago

As a manager, jermaine, defines goals, set performance objectives, and identify action steps for accomplishing them. jermaine is

enyata [817]

If Jermaine defines goals, set objectives and identifies the steps for having to accomplish them, she is engaged with the management function of planning as planning is a function in management in having to make plans in order to acquire specific goals.

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3 years ago

What is the goal of a bank?

Yuki888 [10]

Answer:

to get money

Explanation:

to try to protect your money

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3 years ago

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X Company has two production departments, A and B. At the start of 2018, the following budgeted cost information was available:

Crank

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Overhead :

Department A : $390,000

Department B $190,000

Job 11:

Direct labor hours in Department B 274

Machine hours in Department A 2,000

Job 22:

Direct labor hours in Department B 1,186

Machine hours in Department A 2,580

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Department A= 390,000/(2000 + 2580)= $85.15 per direct machine hour

Department B= 190,000/(274 + 1186)= $130.14 per direct labor hour.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Job 11:

Dept A= 85.15*2580= $219,687

Dept B= 130.14*274= $36,658.36

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3 years ago

Consider the market in which bag producers operate. Suppose that the price ot a backpack rises. Explain how this event will chan

netineya [11]

Answer:

A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of backpack increases, the quantity of backpacks supplied would increase. This would lead to an upward movement along the supply curve.

There would be no change in supply.

Changes in price only leads to changes in quantity supplied.

I hope my answer helps you

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4 years ago

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