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Naily [24]
2 years ago
8

______ economics considers the desirability of certain aspects of the economy and underlies expressions of support for particula

r economic policies.
Business
1 answer:
jeyben [28]2 years ago
7 0

The aspect of economics that looks at the desirability of some sections of the economy and underlies expressions of support for some economic policies is called Normative Economics.

<h3>What is the focus of Normative Economics?</h3>

Normative economics focuses on how economic policies impact the people. That is the outcome of economic goals and public policy and what those policies ought to be.

In other words, it is very subjective in nature and focuses on what should be rather than what is.

See the link below to learn more about Normative Economics:

brainly.com/question/20841086

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Answer:

As a result, the IFRS test is more strict than U.S. GAAP.

3 0
3 years ago
Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution marg
myrzilka [38]

Answer:

Break-even point (units)= 8,464 units

Explanation:

Giving the following information:

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution margins for Products A and B are $33 and $56, respectively. Corn has fixed costs of $328,000.

First, we need to calculate the proportion of sales:

Product A= 7,500/10,000= 0.75

Product B= 2,500/10,000= 0.25

Now, using the following formula, we can determine the break-even point in units:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 328,000/ (0.75*33 + 0.25*56)

Break-even point (units)=  328,000/38.75

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8 0
3 years ago
A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark
Elena-2011 [213]

Answer:

$16,000

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The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

= $16,000

6 0
2 years ago
All of the following statements represent accurate responses to the manager’s list of guidelines for the development of an effec
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What did surprise you in personalities
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