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Annette [7]
4 years ago
11

Compare and contrast microeconomics and macroeconomics. How do the two approaches interrelate? Use a specific example to explain

your rationale.
Business
1 answer:
Doss [256]4 years ago
7 0

Answer: Macroeconomics is wider concept than microeconomics.

Explanation: Macroeconomics is the study of an economy as whole. It is focused on factors like national productivity etc. Whereas, microeconomics is the study of individuals and firms in an economy.

For example - Macroeconomics studies the reasons behind changing interest rates in a country while microeconomics studies its impact on the individuals and firms in the economy.

Thus, both the branches are inter- related as both studies the same subject but the factors they analyze are different.

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A report listing the monthly sales figures for the last three years is an example of a(n) _____. a) case study b) diagnostic rep
slavikrds [6]

Answer:

The correct option is informational report

Explanation:

Analytical report is business report that shows the quantitative as well as qualitative  performance information with respect to a business being analysed, in order that management may reach conclusions so as  evaluate business strategies.

Case study is more broader in that it portrays all the areas of the business, ranging from performance, strategy,analysis,competitive position,share of market segment,cultures,values,rituals and so on.

Above,my choice of answer is informed by the fact that informational report merely shows data or information without further analysis such as the monthly sales figures,without providing any detailed explanation

7 0
3 years ago
Cook Co. incurred the following costs related to the office building used in operating its sports supply company: Select each of
Leya [2.2K]

Answer:

a.Capital expenditure, replacement component

b.Capital expenditure, replacement component

c.Revenue Expenditure, not applicable

d.Capital expenditure, replacement component

e.Capital expenditure, additional

f.Revenue Expenditure, not applicable

g.Capital expenditure, additional

Explanation:

Capital Expenditure involve the addition or replacement on assets that <u><em>increases flows of economic benefits or Income earning</em></u> capacity.

Revenue Expenditure involve repairs or maintenance of assets in order to <u><em>maintain the ability to earn income or economic benefits</em></u> and not to increase it.

8 0
3 years ago
Value consists of: a. a product's performance characteristics and attributes for which customers are willing to pay. b. a produc
RUDIKE [14]

Answer:

A) a product's performance characteristics and attributes for which customers are willing to pay.

Explanation:

Only customers can assign value to a product. A manufacturer can set a product's price, but if the customers do not accept that price and assign a lower value to the product, then they will not purchase it. This applies to every single market situation (except for command economies) including monopolies, free markets, monopolistic competition, etc. Customers value a product depending on its performance characteristics and attributes, e.g. sports cars are value for being fast, Volvos for being safe, compared to other similar products. Customers do not value unique one of a kind characteristics, they value relative characteristics, i.e. the best product has a higher value.

3 0
3 years ago
Why labor and management might be at odds and why?
NikAS [45]
The most frequently employed technique of workers was the STRIKE. Withholding labor from management would, in theory, force the company to suffer great enough financial losses that they would agree to worker terms. Strikes have been known in America since the colonial age, but their numbers grew larger in the Gilded Age.
7 0
3 years ago
Read 2 more answers
Kent Manufacturing produces a product that sells for $50.00 and has variable costs of $24.00 per unit. Fixed costs are $260,000.
Verdich [7]

Answer:

d. 9,200 units.

Explanation:

The computation is shown below for break-even points in units:

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Fixed costs = $260,000 + $11,400 = $271,400

Contribution margin per unit = Selling price per unit - variable cost per unit

= $50 - $20.5

= $29.5

Now put these values to the above formula  

So, the units would equal to

= $271,400 ÷ $29.5

= 9,200 units

7 0
3 years ago
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