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satela [25.4K]
2 years ago
15

Difference between partial equilibrium and general equilibrium in the simplest form​

Business
1 answer:
aleksandrvk [35]2 years ago
4 0

Answer:

In a partial equilibrium model, you are ignoring feedback that may result from related markets. ... Normally, in a general equilibrium model, the equilibrium quantities and prices in all markets are endogenous.

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3. Keim, Inc. manufactures baseball gloves that normally sell for $40 each. Keim currently has 1,000 defective gloves in invento
umka21 [38]

Answer:

selling the defective gloves as they are results in a $3,000 higher gain

Explanation:

the manufacturing costs of the defective gloves should be considered a sunk cost since they cannot be recovered:

alternative 1, sell defective gloves = $18 x 1,000 = $18,000 gain

alternative 2, repair the gloves and sell them at normal price = ($40 - $25) x 1,000 = $15,000 gain

alternative 1 (selling the defective gloves as they are) results in a $3,000 higher gain

6 0
2 years ago
4) Identify the elements that are necessary to make a contract valid
____ [38]

Answer:ss

Explanation:

6 0
3 years ago
If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year
zavuch27 [327]

Answer:

$49,950

Explanation:

X = amount in account

Make (x times the interest rate) equal to the $9.99 you will need to earn to cover the fee.

.02%* x = 9.99

.0002x= 9.99 (Divide both sides by .0002)

x = $49,950

With such a small interest rate, you will need to have a large sum of money in order to earn enough to cover the fee.

8 0
3 years ago
Read 2 more answers
_____ is a form of financial exchange that involves the use of checks.
dalvyx [7]

Answer:

deposit money

Explanation:

this is because it can not be online but checks are a way of transferring currency and so can not be currency so A deposit money is cancelled out answer

5 0
3 years ago
Read 2 more answers
While it provides a more accurate assessment of an applicant's job-related personality characteristics, the ______ has been crit
Natalka [10]

Answer:

unstructured interview

Explanation:

Unstructured interview involves asking questions that are not pre-arranged beforehand. The interviewer asks questions at his discretion to find out job related traits in the applicant.

This approach however can lead to legal issues as the interviewer may not know the implication of asking some questions that are not legally accepted for interviews.

Unstructured interviews are usually informal and like an everyday conversation. Probe questions are used to open candidates up as much as possible.

3 0
3 years ago
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