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statuscvo [17]
3 years ago
12

The following information is available:

Business
1 answer:
DanielleElmas [232]3 years ago
8 0

Answer:

a is the answer

Explanation:

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Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assu
aivan3 [116]

Answer:

(a) Assumption

(b) Cause and Effect

(c) Cause and effect

(d) Assumption

Explanation:

(a)  People behave rationally: Assumption

Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.

(b) Cause and Effect

If a price of goods falls that is a cause and the effect is that  people will consume more of the good.

(c) Cause and effect

As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.

(d) Assumption

The maximization of profit is based on the assumption of theory of production and costs.

4 0
3 years ago
Read 2 more answers
Which of the following is a benefit to corporate executives when a process is outsourced?
love history [14]

Answer:

<h2>In this case,the correct answer would be option b) given in the answer choices or More time to explore new revenue generation activities.</h2>

Explanation:

  • From an economic or business perspective, outsourcing of operational activities or conducts refer to assigning the business functions, activities, projects, assignments etc. to any third party or external agency with a view to enhance work productivity and minimize overall average operational costs or expenses.
  • The third party or the external entities involved in the outsourcing activities are typically not part of the parent or main company or are not commercially affiliated with the parent or main company.
  • One of the advantages of outsourcing to the company executives is to be able to assign some of the major and time consuming business activities to outsourced companies or entities and focus more on other mediums or sources of revenue generation for business. It might include introduction of new product or service lines, restructuring of the internal organizational settings or venturing new markets to capture higher consumer or client base. Hence, higher work or labor division through outsourcing activities can provide more time and opportunity for executives to focus more on other revenue generating endeavors.
5 0
3 years ago
If interest rates increase from 8% to 9½%, we would expect to see an
____ [38]

Answer:

a decrease in the demand for money

Explanation:

As the money is now more expensive because, holding cash in hand means not capitalize with the interest, the agents (families and business) will try to not have liquid money but, invest to achieve the better yields.

6 0
3 years ago
​In the context of consumer learning, which of the following statements is true of direct experience?​ Select one:
dimulka [17.4K]

Answer: Information acquired is extremely vivid.

Explanation: Consumer learning involves consumers acquiring knowledge about a product consciously or unconsciously which directly affects their view of the product.

Since the knowledge gotten about the product is directly gained by the consumer, it creates a clear and lasting impression on them.

8 0
3 years ago
Zoe's Bakery operates in a perfectly competitive industry. Suppose that when the market price is $5, the profit-maximizing outpu
Rom4ik [11]

Answer:

$3 is Zoe's Bakery marginal cost and Short run profits are $150.

Explanation:

As a change in quantity is not specified, then, The Marginal cost is the average variable cost of producing 1 unit ($3). And the profit at 150 units produced and sell at a price of $5 is $150 as revenue is $750 and total cost is $600.

5 0
3 years ago
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