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Anon25 [30]
3 years ago
12

Neoclassical economics and behavioral economics are similar in the assumption that people are capable of making accurate, someti

mes complex, calculations with respect to their utility-maximizing decisions.
True or False?
Business
1 answer:
laiz [17]3 years ago
5 0

Answer:

The statement is: False.

Explanation:

Behavioral economics is a psychological approach of business that examines whether individuals' assumptions on utility and profit maximization reflect their behavior and of they maximize their expected utility.

Neoclassical economics, on the other hand, refers to cost production as the most important factor in the product's price. Neoclassicals believe the price is the consumers' main driver in their decision-making.

Thus, <em>neoclassicals and behavioral economists have different focuses in business.</em>

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Contribution margin is first used to cover expenses. Once the break-even point has been reached, contribution margin becomes:.
oksano4ka [1.4K]

It should be noted that the contribution margin is first used to cover fixed expenses.

<h3>What is contribution margin?</h3>

The contribution margin simply shows you the aggregate amount of revenue that is available after variable costs to cover fixed expenses.

Contribution margin is first used to cover fixed expenses. Once the break-even point has been reached, the contribution margin becomes profit.

Learn more about contribution margin on:

brainly.com/question/24962994

4 0
2 years ago
Supplied goods costing
aivan3 [116]

Answer:

Dr Mohan account 627

Cr Sales 627

Explanation:

Preparation of Journal entry

If the amount of RS. 600 is the goods costing that was supplied to mohan in which the issued invoice is 10% above cost with a 5% discounts the First step will be to calculate the Invoice price.

Calculation of the invoice price

Invoice price=[600+10%*600)+[5%*(600+10%*600)]

Invoice price=(600+60)-[5%*(600+60)]

Invoice price=660-(5%*660)

Invoice price=660-33

Invoice price=627

Now let prepare the Journal entry

Dr Mohan account 627

Cr Sales 627

(Being to record good sold to Mohan)

7 0
3 years ago
Which are major situational considerations or variables in determining whether or not to involve a group in the decision-making
Oksana_A [137]

Answer:

The correct answer will be Option B "Organizational complexity ".

Explanation:

  • A Complex organization does indeed have a broader organizational structure or even more personnel in each group, mission, or team.
  • Complexity can sometimes be susceptible to multiple actors, various organizational structures, as well as different service will be produced that would need to be implemented.

The other given choices are not related to the given scenario. So that the above would be the appropriate choice.

5 0
3 years ago
According to the textbook, globalization involves international exchange. included in this exchange is trade in goods and servic
Bogdan [553]
I think it might be C, I'm not sure but I think it is.

Hope this helped. Have a great day! :D
8 0
3 years ago
Which of these types of products usually involves the customer
kiruha [24]

Answer:

Shopping products

Explanation:

Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.

8 0
3 years ago
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