Answer:
a. trade-offs
c. marginal thinking
Explanation:
Marginal thinking is when a decision maker evaluates the marginal benefits and marginal cost of a certain activity. Daniel is trying to evaluate if the extra calories (marginal cost) he would get from eating the 5th size of pizza (marginal benefit) is worth it.
Trade offs is also known as opportunity cost. It is what is sacrificed in order to carry out a certain activity. If Daniel eats the pizza, he's sacrificing a more healthy body for the extra slice of pizza.
I hope my answer helps you
Answer:
(i) 5
(ii) Option (A) is correct.
(iii) Open market operations; sell
Explanation:
(A) The Federal Open Market Committee consists:
(i) 7 members of the Board of Governors
(ii) 5 of the 12 regional bank presidents
Therefore, only 5 of the regional bank presidents are the members of FOMC.
(B) The fed is lender of last resort to the banks in the united states which don't have any other source of borrowing.
(C) Open market operations refers to the buying and selling of government securities to the public. The central bank of a particular nation uses open market operations as a monetary policy instrument for controlling money supply.
If the fed wants to decrease the money supply in the economy, then it must sell the government bonds to the public. Hence, there is a reduction in the money supply.
Answer and Explanation:
The preparation of the production budget is presented below:
Projected sales units 800,000 candles
Add: Desired ending inventory, Dec 31 20,000 units
Total units available 820,000 units
Less: Estimated beginning inventory,Jan 1 -35,000 units
Total units to be produced 785,000 units
We simply applied the below formula i.e
= Sales units + ending inventory units - beginning inventory units
By applying this formula we can get the Total units to be produced in January month
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