The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.
A model of the economy's importance
Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).
What conclusions do economic models draw?
A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.
To know more about economic model
brainly.com/question/15212618
#SPJ4
Answer:
The correct answer is (B)
Explanation:
Assurance refers to financial inclusion that gives compensation for goods and service. Assurance is partially different than insurance, assurance is partially implemented for an unlimited period. The company wants assurance because of the lack of confidence due to bad past experience. Assurance or insurance is usually provided to the customers to regain their confidence. In this scenario it is feasible to request a guarantee before placing next order.
Answer and Explanation:
The computation is shown below:
But before reaching to the final answers, first determine the contribution margin per unit which is
a. Contribution margin per unit =Sales-Variable cost
= $80 - $43
= $37 per unit
Now
Breakeven = Fixed expenses ÷ Contribution margin
= $340,400 ÷ $37
= 9,200 units
b.Contribution margin = Sales - Variable cost
= $80 - $46
= $34 per unit
Now
New Breakeven = Fixed expenses ÷ Contribution margin
= $270,000 ÷ 34
= 7,941 units
Answer: Option (D)
Explanation:
Job analysis is also referred to as work analysis is known as a family or group of procedures or process taken in order to identify composition of any job in regards with the activities indulged and also job requirements or attributes needed in order to perform these activities. Job analysis tends to provide information of company that helps to evaluate which individual is the best fit for a particular jobs.
D) All states have a flat state tax.
