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pashok25 [27]
3 years ago
7

Economic models often: vary greatly in assumptions and simplifications. are correct. provide similar answers. fail to explain an

y of the real-life scenarios they are supposed to help solve.
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

Economic models often vary greatly in assumptions and simplifications.

Explanation:

Most models in Classical Economics are based on a lot of generalizations and simplifications, that intend to model the behavior of the situations of the real world but often fail to encompass all the intricacies and complications that even most straightforward situations present. These simplifications help the Economists figure out the mathematical laws that are governing the real world economic systems. Therefore making the economic modeling a simpler process.

Classic economics implies three basic assumptions:

1- People behave rationally in any situation.

2- Firms and individual want to maximize profit and utility

3- People act independently based on available information.

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Tom [10]

Answer: Affirmative action.

Explanation:

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8 0
2 years ago
On September 1, Year 1, Great Lakes Equipment receives $24,000 from a customer for work to be performed evenly over the next 2 y
posledela

Answer:

Great Lakes should recognize on the income statement for the year ending December Year 1 $4,000

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If the company invoiced by month, it only recognize the total amount for the last four months of the year.  

7 0
3 years ago
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garri49 [273]

Answer:

The answer is d. All of the above are forms of protectable IP

Explanation:

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5 0
3 years ago
Visibility, the road situation, and your physical condition can all influence your
Andrews [41]

Visibility, the road situation, and your physical condition can all influence your blind area.

Explanation:

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The A-pillar (which is also referred to as a window pillar), sideview mirror or rear mirror in the inner of the rider's sideview mirrors might be obstructed by blindspots at the front of rider. The visibility can diminish behind passengers, freight, headrests and other pillars.

8 0
3 years ago
A buyer and seller enter into a written contract for the sale of a four-bedroom home. If either party defaults under the contrac
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Answer: Four years

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7 0
2 years ago
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