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3 years ago

What is micro economy

2 answers:

6 0

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.

Example:
How a local business decides to allocate their funds. How a city decides to spend a government surplus. The housing market of a particular city/neighborhood. Production of a local business.

Stella [2.4K]3 years ago

5 0

Small economy I think or up close economy

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A profit-maximizing firm will not employ an additional unit of a resource if the marginal product of that unit is greater than t

Lubov Fominskaja [6]

Answer:

The Answer is A) True

Explanation:

The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.

Cheers!

4 0

3 years ago

The type of accounting required by gaap is:

lys-0071 [83]

GAAP requires you to use accrual based accounting (where revenue is earned and expenses are incurred) and not cash based.

So, The type needed is choice A.

6 0

3 years ago

Suppose that real GDP is currently $ 13.8 trillion and potential real GDP is $ 14.0 trillion, or a gap of $ 200 billion. The gov

MAXImum [283]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

3 years ago

Suppose the United States is currently producing 100tons of hamburgers and 45tons of tacos and Mexico is currently producing 20t

katrin2010 [14]

Answer: 50 additional tons of hamburgers

Explanation:

United States opportunity costs:

Hamburger opportunity cost = 45/100 = 0.45 tons of tacos

Taco opportunity cost = 100/45 = 2.22 tones of hamburgers

Mexico opportunity cost:

Hamburger opportunity cost = 25/20 = 1.25 tons of tacos

Taco opportunity cost = 20/25 = 0.8 tones of hamburgers

US should specialize in Hamburger production because they have a lower opportunity cost.

If both countries combined production of hamburgers then the total would be:

= 100 + 20

= 120 tons of hamburgers

<em>There is missing information on this question which is the US production of hamburgers when it produces 0 tacos. We shall assume that number to be 170 tons of hamburgers.</em>

The total additional tons produced would be:

= US tons when producing only hamburgers - Combined hamburger production

= 170 - 120

= 50 additional tons of hamburgers

3 0

3 years ago

At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in

aivan3 [116]

Answer:

$5,720

Explanation:

Calculation to determine What is Marigold adjusted cash balance on April 30

MARIGOLD CORP Adjusted cash balance on April 30

Cash balance per bank $5400

Less:Outstanding checks ($330)

Add: Deposit in transit $650

Adjusted cash balance. $5720

($5400-$330+$650)

Therefore Marigold adjusted cash balance on April 30 is $5,720

7 0

3 years ago