In building an economic model, economists: Group of answer choices shun the scientific method. attempt to replicate reality in as much detail is possible. ignore empirical facts, instead basing their assumptions on theory. simplify reality to highlight important relationships between variables.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?