1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
loris [4]
1 year ago
11

Suppose a small nation produces 2,000 bikes each year, each bike costs $75. The money supply for the nation is 3,000 one-dollar

bills.
Business
1 answer:
erastovalidia [21]1 year ago
4 0

The right answer is 45 times.

What is the Velocity of Money ?

  • The haste of plutocrats is a dimension of the rate at which plutocrats are changed in a frugality.
  • It's the number of times that a plutocrat moves from one reality to another.
  • It also refers to how much a unit of currency is used in a given period of time.

Number of times each dollar bill is used is the velocity of money denoted by V

Quantity theory of money states MV=PY

where M is money supply, P is price, Y is output and V as stated above velocity of money

We need to find V which is equal to PY/M

Here, M=S1*5000-$5000

P=$75, Y=3000

V =  (3000*75)5000

V = 2250005000

V  = 45

So, each dollar bill needs to be exchanged 45 times.

Learn more about Velocity of money here:

brainly.com/question/15125176

#SPJ4

You might be interested in
Cayuga Hardwoods produces handcrafted jewelry boxes. A standard-size box requires 8 board feet of hardwood in the finished produ
cupoosta [38]

Answer:

$44 per case.

Explanation:

If  A standard-size box requires 8 board feet of hardwood in the finished product. In addition, 2 board feet of scrap lumber are normally left from the production of one box. Hardwood costs $4.00 per board foot, plus $1.50 in transportation charges per board foot.

Then, To calculate the standard cost of direct materials for the jewelry box, we multiply the direct materials standard price of $4.00 (plus the transportation costs of 1.50 per board foot) by the direct materials standard quantity of 8 feet (8 board feet of hardwood in the finished product) per unit.

The result is a standard direct materials cost of $44 per case.

8 0
3 years ago
How do i make spaghetti?
mihalych1998 [28]
Boil noodles. add sauce. make meat balls. add it together. yummy.
6 0
3 years ago
Read 2 more answers
Supply and Demand: Tutorial
Ilia_Sergeevich [38]

Answer:

see below

Explanation:

There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.

If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.

3 0
3 years ago
The reason that quantum effects are not observable in the everyday, macroscopic world, is because:_____.
julsineya [31]

The reason that quantum effects are not observable in the everyday, macroscopic world, is because the quantum world is referred as a micro environment.

We refer to the quantum world as a micro environment. The world that we call “normal” is the macro environment. Quantum effects are part of many other effects, there are so many effects or outcomes of particles or experiments, that they in a sense balance each other out.

The macro world is simply too large for the effects to be shown. There are so many particles, and therefore a seemingly endless amount of effects and outcomes. When we examine a particle individually, though, there were can see the results in their true forms. The Quantum effects that don’t follow normal classical expectations.

To learn more about Quantum effects here

brainly.com/question/23040788

#SPJ4

3 0
2 years ago
A court ruling against the wrongful dismissal of employees is a development in the _____ component of the general
monitta
<span>A court ruling against the wrongful dismissal of employees is a development in the political or legal component of the general. Wrongful dismissal or termination of contract of employment without proper process violates the law of contracts. When this happens, the court takes the employee's rights into consideration in filing damages.</span>
3 0
3 years ago
Other questions:
  • Use the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to answer the question. Whic
    6·1 answer
  • A _________________ is a credit transaction where the money is transferred electronically from the customer's credit card compan
    11·1 answer
  • Accounts receivable from sales transactions were $47,732 at the beginning of the year and $64,117 at the end of the year. Net in
    14·1 answer
  • Can someone help me with my recent question please
    6·1 answer
  • The larger the differences among the sample means, the larger the numerator of the f-ratio will be.
    11·1 answer
  • Crim corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year, the estimated direcl
    14·1 answer
  • In the context of entrepreneurial behavior, the need for affiliation is the need to excel.
    10·1 answer
  • When private ownership of a resource is clearly defined and enforced, the private owner?
    15·2 answers
  • Which of the following is an integral step in a pay-and-return scheme? A. Establish a shell company. B. Misappropriate the incom
    14·1 answer
  • which of the following unites a secondary group in the workplace? a.) a desire for personal understanding b.) a shared worldview
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!