In constructing there theories, economists use the term "ceteris paribus" which means:.
a. tha...
Business, 07.03.2020 04:11 genyjoannerubiera
In constructing there theories, economists use the term "ceteris paribus" which means:.
a. that economics deals with facts, not values.
b. that if event A precedes event B, A has caused B to occur.
c. prosperity inevitably follows recession.
d. other things being equal.
Answers: 1
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Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner
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Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
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