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ser-zykov [4K]
3 years ago
15

What is micro economy

Business
2 answers:
MaRussiya [10]3 years ago
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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safety equipment like fire extinguishers in fire blankets are used to prevent accidents Is This True Or False
Mkey [24]
False, they are meant to contain accidents if they happen. They are suuuuper important to have around though!!
7 0
3 years ago
What is the term for a person who has been appointed by another person to act on her behalf and in her best interest?.
lapo4ka [179]

An individual who has been appointed by another person to act on their behalf and in their best interest is known as an agent.

In legal terminology, an agent is a person who has been empowered legally to act on the behalf of another person. An agent may be employed to represent a client in dealings and negotiations with third parties. Depending on the situation, the agent may be granted decision-making authority.

The agent is given the authority to take necessary action on someone else's behalf.  People usually hire agents to conduct matters that they lack expertise or time to do for themselves.

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4 0
1 year ago
Nếu GDP = $1000, tiêu dùng = $600, thuế = $100, và chi tiêu chính phủ = $200, thì:
Digiron [165]

Answer:

Saving = $200

Investment = $100

Explanation:

Given;

Gross Domestic Production = $1000

Consumption = $600

Taxes = $100

Government spending = $200

Find:

Saving and investment

Computation:

Saving = Gross Domestic Production - Consumption - Government spending

Saving = 1,000 - 600 - 200

Saving = $200

Investment = Saving - Taxes

Investment = 200 - 100

Investment = $100

3 0
3 years ago
Mary is introduced to three new people at a party. Later, however, she cannot remember the names of any of her new acquaintances
MissTica

Answer:

She never encoded the names into long-term memory is the correct answer.

Explanation:

7 0
2 years ago
A small business company is considering updating the current production line. There are two plans. For plan A, the fixed cost wi
ICE Princess25 [194]

Answer:

Results are below.

Explanation:

Giving the following information:

Plan A:

Fixed costs= $40,000

Unitary varaible cost= $27

Plan B:

Fixed costs= $54,000

Unitary varaible cost= $26

Selling price per unit= $35

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

<u>Plan A:</u>

Break-even point in units= 40,000 / (35 - 27)

Break-even point in units= 5,000

<u>Plan B:</u>

Break-even point in units= 54,000 / (35 - 26)

Break-even point in units= 6,000

3 0
2 years ago
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