3. Classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix.
A major theory in classical economics is that human beings are rational and, given the necessary information they will make rational decisions and act rationally, however, Behavioral economics assumes that people are irrational players.
Answer:
Predatory pricing.
Explanation:
Predatory pricing is a strategy that is used by firms to gain customers, create barrier of entry from a market, or to drive competition out of the market. The firm prices it's products very low so that competitors cannot afford to sell at the same price.
This results in competitors going out of business. The result of predatory pricing is that there are few firms left in the industry, or there is establishment of a monopoly.
Answer:
Reconciling the bank statement to the cash control account.
Explanation:
The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.
Answer:
warehousing
Explanation:Warehouse financing as a type of financing is the process whereby manufacturers or producers take loan and the collateral for the loan taken are their goods/ items. The collateral which is the goods or commodities are held in high regards or trust by a third party who serves as a trustee holds the goods on the lender's behalf. s. an approved agent can also be used.
Warehouse financing is importantly necessary as it provides manufacturers with better and favorable loan terms , cost effective and an adequate repayment plan also as a merit to its use.
Answer:
I believe the APY would be $520 for the rounded version and $520.20 for the not rounded
(not completely certain since i didnt fully understand)
Explanation:
using the formula for calculating compounding semi annualy
A = P(1 + r)t
A= 500(1+0.02)2 (i put 2 instead of one year because its semi annually so twice)
A= 500(1.02)2
A= 500x1.04=$520(rounded)
A=500x1.0404= $520.20(not rounded)
Please correct me if I understood your question wrong
