Question

In: Economics

Studying how the management of US Steel, a large steel-producing company, decides how many tons of...

Studying how the management of US Steel, a large steel-producing company, decides how many tons of steel to produce and the price to charge for its steel would be considered

    a. descriptive economics.

    b. empirical economics.

    c. microeconomics.

     d.   macroeconomics

Solutions

Expert Solution

Option C ( microeconomics)

Explanation-

Microeconomics is the study of Individual industries, Firms and household behavior in decision making and allocation of resources.

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

Question 3:      Assume Khan steel in Afghanistan is producing 1200 tons of steel currently. They...
Question 3:      Assume Khan steel in Afghanistan is producing 1200 tons of steel currently. They sell each ton for 1000$. Answer the following questions with graphical representation. (8 Marks) Suppose Maihan Steel starts operation, and supply steel to the market. What will be the effect on steel market equilibrium? (write your answer in at least 300 words, you will get 2 marks) The government dedicates an iron ore mine to steel companies for a very little price compared to...
If 15 tons of propane are burned, how many tons of carbon dioxide are released?
If 15 tons of propane are burned, how many tons of carbon dioxide are released?
Aftron is a very famous US company producing auto spare parts. They produce parts on large...
Aftron is a very famous US company producing auto spare parts. They produce parts on large scale and sells all over the country. Most of the US car manufacturing industries place orders with them in advance for the various auto parts. For these advance bookings, companies make payments for the pre booking of delivery of parts. Aftron are known for their efficiency and reliability among the business communities. One-day news breaks out for the default of Aftron. The news turned...
Aftron is a very famous US company producing auto spare parts. They produce parts on large...
Aftron is a very famous US company producing auto spare parts. They produce parts on large scale and sells all over the country. Most of the US car manufacturing industries place orders with them in advance for the various auto parts. For these advance bookings, companies make payments for the pre booking of delivery of parts. Aftron are known for their efficiency and reliability among the business communities. One-day news breaks out for the default of Aftron. The news turned...
In the US, a large number of individuals are overweight and many are considered to be...
In the US, a large number of individuals are overweight and many are considered to be obese.  It is conventional wisdom that to lose weight, one needs to eat less and move more. However, it doesn’t appear to be so simple in practice.  Pharmaceutical companies have been searching for weight loss pills for some time but the currently approved medications are very limited. Compare and contrast the FDA approved orlistat and lorcaserin. A number of weight loss drugs have been pulled from...
The Rolling Department of Oak Ridge Steel Company had 5,100 tons in beginning work in process...
The Rolling Department of Oak Ridge Steel Company had 5,100 tons in beginning work in process inventory (90% complete) on July 1. During July, 85,400 tons were completed. The ending work in process inventory on July 31 was 4,300 tons (40% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 8,100 tons in...
Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 8,100 tons in beginning work in process inventory (50% complete) on October 1. During October, 50,800 tons were completed. The ending work in process inventory on October 31 was 2,500 tons (30% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,747 tons in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,747 tons in beginning work in process inventory (60% complete) on October 1. During October, 82,100 tons were completed. The ending work in process inventory on October 31 was 4,105 tons (30% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. The Rolling Department of Kraus Steel Company had 5,300 tons in beginning work in process inventory (30% complete) on...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,684 tons in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,684 tons in beginning work in process inventory (50% complete) on October 1. During October, 66,800 tons were completed. The ending work in process inventory on October 31 was 6,012 tons (80% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,503 tons in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,503 tons in beginning work in process inventory (90% complete) on October 1. During October, 77,300 tons were completed. The ending work in process inventory on October 31 was 6,184 tons (60% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. units Feedback Are you determining the equivalent units of materials added or of conversion of materials? When would materials...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT