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fenix001 [56]
3 years ago
8

Economists develop models to A. capture every detail of the real world. B. justify the assumptions they make about%E2%80%8B peop

le's behavior. C. make their arguments more realistic. D. help us understand economic phenomena in the real world.
Business
1 answer:
xxMikexx [17]3 years ago
3 0

Answer:

D

Explanation:

An economic model is a caricature of reality. It allows users to observe, understand and predict economic phenomena. Economic models don't capture every detail of the real world

Examples of economic models include :

  • the production possibility frontier
  • the Keynesian IS/LM model
  • the Mundell-Fleming model.

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

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Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If
denis-greek [22]

Answer:

An increased of $18,000

Explanation:

$15 per units

Variable costs $6

Increased in unit sold $2,000

Therefore;

(15-6)=9

9×2,000= $18,000

7 0
3 years ago
Which of the following would not be an ethical problem created by employee relationships
Volgvan

Answer:

The correct answer is letter "B": Investors expecting a return on their investment regardless of the cost.

Explanation:

<em>Ethical employee relationships</em> arise when one worker does not show his or her personal values affecting another employee. It is the result of the interaction between them that could lead to the violation of the Code of Ethics of the company.

Thus, <em>if investors expect returns on their investments, there is no employee conflict in that situation, ethical or not.</em>

6 0
4 years ago
Indiana Co. began a construction project in 2018 with a contract price of $160 million to be received when the project is comple
qaws [65]

Answer:

Recognized $12.47 million gross profit on the project in 2018.

Explanation:

Total Contract price                                                   $160

Total cost incurred during the year 2018    $39  

Additional cost                                               <u>$83</u>

Total cost                                                                     <u>$122</u>

Total profit                                                                    <u>$38</u>

% cost during the year = (39/122*100) = 31.9672131147541% = 31.97%

Revenue recognized on 2018 = 39*31.97% = $12.4683 = $12.47

6 0
3 years ago
The supply of "cash" (paper and coin) is produced by the U.S. Mint and the Bureau of Engraving, but the _________________ contro
maksim [4K]

Answer:

Federal Reserve

Explanation:

The Federal Reserve (FED) distributes new currency through its 12 Federal Reserve Banks. Depository institutions (e.g. savings bank, commercial bank, savings and loan association, or credit union) buy currency from the Federal Reserve Banks when they need extra cash and they deposit cash when they have too much cash.

8 0
4 years ago
Read 2 more answers
Mae wants to make a difference in her community. She enjoys making decisions and finding solutions to problems. Her teachers tel
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I myself would think that she should be a corrections officer if she  enjoys making decisions and finding solutions to problems, is an excellent public speaker, and has a talent for persuading people to take up causes that she supports.

7 0
3 years ago
Read 2 more answers
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