1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tensa zangetsu [6.8K]
3 years ago
13

Define the role of the mathematical concepts of maximization and equilibrium in microeconomic theory.

Business
1 answer:
labwork [276]3 years ago
8 0

Answer:

Functions and graphs are two mathematical concepts that are heavily used in microeconomics.

Explanation:

1. Functions

Economics is full of functions: manufacturing functions, distribution functions, parameter values, components for welfare programs, and so on. A function is indeed a connexion between several sets of data, such that the second set correlates exactly to one variable for each value in one collection.

2. Graphs

By visualising it in a graph we can enhance the innate knowledge of a practices and organisational performance. In a chart, independent variable effects are generally read off the horizontal axis, and the dependent variable effects are generally read off another vertical axis. And for variables, each position in the line matrix correlates to a set of variables

You might be interested in
In a transaction between merchants, the additional proposed terms automatically become part of the contract unless
svp [43]
The correct answer would be d. all of the above
6 0
3 years ago
I'm a business owner but I'm having a tough time selecting the right SEO package for my business? Can someone guide or explain m
klio [65]
Yes it’s right the she was like oh wow yeah lol yeah bc she doesn’t like it she’s just like her she just doesn’t
5 0
3 years ago
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control.
lapo4ka [179]

Answer:

Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a

FALSE Statement.

Explanation:

In order to understand this statement comprehensively, we need to know the following two views.

The Omnipotent View

The Symbolic View

The Omnipotent view

This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.

The symbolic View

This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.

Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.

7 0
4 years ago
Which of the following is the best example of amortization?
weeeeeb [17]
Answer is 30 yr mortgage
3 0
4 years ago
Which statement about writing skills in today's workplace is most accurate?
Ede4ka [16]
The answer to this question is c
3 0
3 years ago
Other questions:
  • Jerry bought his home 15 years ago for $60,000. Three years ago, Jerry married Debbie and she moved into the same house and has
    14·1 answer
  • Serena just finished making a buyer presentation to Mark and Debbie Calhoun. Now that they understand the difference between bei
    7·1 answer
  • You win the lottery and decide to impress your friends by exhibiting a million-dollar cube of gold. at the time, gold is selling
    9·1 answer
  • The basic difference between a good and a service is that a good:
    5·1 answer
  • Describe the relationship between an individual consumer's demand and market demand
    7·1 answer
  • For customers purchasing a refrigerator at a certain appliancestore, let A be the event that the refrigerator wasmanufactured in
    14·1 answer
  • Halverstein Company's outstanding stock consists of 7,000 shares of cumulative 5% preferred stock with a $10 par value and 3,000
    13·1 answer
  • Which of the following are examples of internal communication?
    7·1 answer
  • Hi! I need help with this
    13·1 answer
  • The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20Y5, the end of the year, and its revenue a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!