Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 13, 2024

The very foundation of economics is _ _ _ _ _ _ _ _ _ _ _ _ _ and _ _ _ _ _

The very foundation of economics is

_____________

and

____________.

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below There are two foundational principles i... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Economics questions

Question

★★★★★

1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...

Answered: 1 week ago

Question

★★★★★

Marx and Engels were two of the most important philosophers in history. Their influence is widely spread around the world to this day. Marx and Engels are deeply critical of the system of life that...

Answered: 1 week ago

Question

★★★★★

As we continue to develop the relationship between economics and our natural world, we will focus on one concept that is studied regularly in ecology and has become very important in both economics...

Answered: 1 week ago

Question

★★★★★

Use the approximations obtained in Exercise 3 to approximate the following integrals, and compare your results to the actual values. a. b. c. d. (cos --2 sin ) dr (x cos x2 + er cos ex) dx

Answered: 1 week ago

Question

★★★★★

List five typical areas of engineering where the finite element method is applied?

Answered: 1 week ago

Question

★★★★★

Apply the lowering operator L- three times in succession to Y11 (, ) and verify that we obtain functions that are proportional to Y01, Y1-1, and zero.

Answered: 1 week ago

Question

★★★★★

What research studies are you interested in conducting?

Answered: 1 week ago

Question

★★★★★

Exhibit 9.14 presents the income statement and balance sheet for PartsCo, a $900 million supplier of machinery parts. Next year, the company is expected to grow revenues by 15 percent to $1,035...

Answered: 1 week ago

Question

★★★★★

Seim was a hard working accountain a large company. He had good relations with all the other employees. He gained the appreciation of his managers especaly with his knowledge in accounting and...

Answered: 1 week ago

Question

★★★★★

After a series of large project disasters, what country is requiring people to complete a new academic program in project management before leading a large government project? a. Australia b. U.K. c....

Answered: 1 week ago

Question

★★★★★

Sales mix is Select one: a. the mix of variable and fixed expenses in relation to sales. b. a measure of leverage used by the company, O c. the trend of sales over recent periods. d. the relative...

Answered: 1 week ago

Question

★★★★★

Briefly describewhy you think that hotels, especially room operations place such an important and recurring training message to our employees on personalizing the guest experience

Answered: 1 week ago

Question

★★★★★

Differentiate between a problem-seeking decision-making strategy and a problem-solving decision-making strategy

Answered: 1 week ago

Question

★★★★★

1. Hardly there is any location which can be ideal or perfect. One has to strike a balance between various factors affecting plant location. Some factors are crucial in deciding the location of the...

Answered: 1 week ago

Question

★★★★★

What is meant by producing in a "pull" rather than a "push" environment when adopting a lean process? (LO3.4)

Answered: 1 week ago

Question

★★★★★

How can situational leadership be used to improve diversity in organizations?

Answered: 1 week ago

Question

★★★★★

PLEASE ANSWER ASAP!!! Please fill in the blanks with the options shown. For Part A, all options are provided. For Part B. the options are: Accounts Payable, Accounts Receivable, Cash in Bank,...

Answered: 1 week ago

Question

★★★★★

Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive 250 million in June...

Answered: 1 week ago

Question

★★★★★

The owner of Bolt's Cold Storage is considering a $195,000 installation of a new refrigerated storage room. The storage room has an expected life of 20 years with no salvage value . The storage room...

Answered: 1 week ago

Question

★★★★★

Leather Accessories produces leather belts and key fobs that sell for $40 and $10, respectively. The company currently sells 100,000 units of each type with the following operating results: Corporate...

Answered: 1 week ago

Question

★★★★★

Sometimes a company, in its efforts to reduce costs, might also reduce quality. a. What kinds of costs could an organization reduce that would almost automatically lower product/service quality? b....

Answered: 1 week ago

Question

★★★★★

Tyler Financial Services performs bookkeeping and tax- reporting services to startup companies in the Oconomowoc area. On January 1, 2019, Tyler entered into a 3-year service contract with Walleye...

Answered: 1 week ago

Question

★★★★★

Shaw Ltd. sells goods that cost 300,000 to Ricard Company for 410,000 on January 2, 2019. The sales price includes an installation fee, which has a standalone selling price of 40,000. The standalone...

Answered: 1 week ago

Question

★★★★★

Cramer AG sells idle machinery to Enyart SE on July 1, 2019, for 40,000. Cramer agrees to repurchase this equipment from Enyart on June 30, 2020, for a price of 42,400 (an imputed interest rate of...

Answered: 1 week ago

Previous Question Next Question