A basic difference between microeconomics and macroeconomics is that:

a. microeconomics focuses on financial reporting by individuals, whereas macroeconomics focuses on financial reporting by large firms.
b. microeconomics focuses on the choices of individual consumers, whereas macroeconomics considers the behavior of large businesses.
c. microeconomics focuses on national markets, whereas macroeconomics concentrates on international markets.
d. microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.

It is week 1 and there are currently 20 as in stock. we need 300 as at the start of week 5. if there are scheduled receipts planned for week 3 and week 4 of 120 as each and a has a lead time of 1 week, when and how large of an order should be placed to meet the requirement of 300 as?

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer