An economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. Empirical testing of this model would involve A. the collection of data to evaluate the usefulness of the model. B. carefully tracing all steps from the assumptions to the implication to make sure there have been no errors in logic. C. asking a lot of people if they think the model is correct. D. checking the assumptions carefully to make sure that they realistically depict human behavior.
Answers: 2
Business, 23.06.2019 02:30
The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?
Answers: 2
Business, 23.06.2019 10:00
Brokers such as paypal benefit online businesses because they do not charge fees like credit cards. they deliver the money to the business immediately. they cannot store credit card numbers. the business does not have to get an account with credit-card companies.
Answers: 3
Business, 23.06.2019 12:00
The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees.has a few, carefully selected employees.has many homogeneous employees.is a "one-man show".
Answers: 1
Business, 23.06.2019 14:30
How does it the economy that banks offer incentives (like interest payments, deposit insurance, etc.) to get customers to deposit money with them?
Answers: 1
An economic model is developed from a set of assumptions about consumer behavior and predicts that p...
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