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 the process of searching for a job, you need to ____
posledela
In a process of searching for a job you need to first see  what jobs are hiring , next go visit that job that you want to go to and then you either do an online application or paper application and then they will call you and tell you that you got the job and come work for them.
5 0
3 years ago
Who at Universal Studios hates FORBIDEN JURNY?
frosja888 [35]

MEEEEEEEEEEEEEEEEEE

°ω°

6 0
3 years ago
A is the thing that an organization does best--something that draws customers to the company, is difficult to imitate, and opens
Ugo [173]

<u>Answer: </u>A is core competence

<u>Explanation:</u>

Core competence is the common term that is used by an organisation to define its multiple resources and skills that are not similar to any one else in the market. Core competence is also the strategic advantage that a business possess in the market.

The strength of the organisation helps it attract many customers and tap all the opportunities in the market at the right time to achieve success. The core competence of the organisation cannot be easily identified or imitated by the competitors in the market.

3 0
3 years ago
General Widget partnership assets amount to $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $
maks197457 [2]

Answer:

$7,000

Explanation:

Balance to be distributed = Assets amount after liquidation - Creditor - Gene loan to the business

Therefore,

Balance to be distributed = $34,000 - $23,000 - $5,000 = $6,000

Since there is no agreement among the partners regarding the distribution of profits, the amount to be distributed will be shared equally for each partners as follows:

Each partner's of the amount to be distributed = $6,000/3 = $2,000

Amount received by Gene = Loan amount from + Distributed balance share

                                             = $5,000 + $2,000

Amount received by Gene = $7,000

Therefore, Gene gets $7,000 in distribution.

8 0
3 years ago
The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
stira [4]
This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
8 0
3 years ago
Other questions:
  • A survey of businesspeople from Argentina, Brazil, Chile, Columbia, and Venezuela found that the _____ market, on average, was m
    6·1 answer
  • true or false :those using a learners periy have restrictions on when they may drive because alchol -related crashes are most li
    10·2 answers
  • Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made
    7·1 answer
  • Here are data on two stocks, both of which have discount rates of 8%: Stock A Stock B Return on equity 8 % 5 % Earnings per shar
    6·1 answer
  • Cassey wished to convey a 40-acre tract of land to his two children, George and Martha, so each would own the property equally a
    5·1 answer
  • On December 31, 2018, Wasley Corporation borrowed $500,000 on a 10%, 10-year mortgage note payable. The note is to be repaid wit
    10·1 answer
  • Cantor Co. purchased a coal mine for $2,000,000. It cost $500,000 to prepare the coal mine for the extraction of the coal. It wa
    8·1 answer
  • Dorothy decides that she would like to open and operate a day care facility in her neighborhood. As a result of questions and su
    12·1 answer
  • f the demand for houses increases, the wage of Wage carpenters will ____ and the quantity will ____. Assume bricks and wood are
    8·1 answer
  • 1. Large-denominated ($100,000 and more) time deposits
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!