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Paraphin [41]
3 years ago
8

The economic definition of money​ is__________.A. A good that has intrinsic value.B. Anything authorized by the government to be

used in an exchange.C. Anything of value owned by a person or a firm.D. Any asset that people are generally willing to accept in exchange for goods and services.
Business
1 answer:
Citrus2011 [14]3 years ago
4 0

Answer:

The correct answer is option D.

Explanation:

Money can be defined as any asset that is generally accepted by people in exchange for goods and services. The basic function of money is to act as a medium of exchange.  

It reduces the transaction cost in exchange for goods and services by eliminating the double coincidence of wants.  

Money can be of different types such as commodity money, fiat money, etc.  

Other functions of money are to act as a store of value and unit of account.

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The Osgood county refuse department runs two recycling centers. Center 1 costs $40 to run for an eight hour day. In a typical da
Vaselesa [24]

Answer:

Center 1 should be open 7 days a week, and center 2 should be open 6 days a week. Total cost = $580

Explanation:

minimize the following equation 40A + 50B

where:

A = center 1

B = center 2

constraints:

140A + 100B ≥ 1540

60A + 180B ≥ 1440

A ≤ 7

B ≤ 7

A, B ≥ 0

using Solver, the optimal solution is 7A + 6B = 580

4 0
3 years ago
Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6
deff fn [24]

Answer:

1755 units are ordered

Explanation:

given data

Daily demand = 100 units

standard deviation = 25 units

review period = 10 days

lead time = 6 days

stock = 50 units

service probability = 98 percent

to find out

how many units should be ordered

solution

order quantity is calculated in fix time period formula is express as

q = \bar{d}(L+R) + z \sigma_{L+R} - I        .........................a

here L is lead time and R is review time and σ is standard deviation and I is stock and d is Daily demand

so first we find here standard deviation that is

\sigma_{L+R} = \sqrt{L} * \sigma   ...................1

\sigma_{L+R} = \sqrt{25} * 25

\sigma_{L+R} =100

so the value of z is for 98 % service probability is  2.05

so put here value in equation 1

q = 100 × ( 6 +10) +(2.05) × 100 - 50

q = 1755 units

so 1755 units are ordered

5 0
3 years ago
Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
UNO [17]

Hello. You forgot to show the answer options. The options are:

Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.

Andy has become very angry about the racist fans and he will put an end to their comments no matter what.

Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.

Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.

Answer:

Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.

Explanation:

Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.

7 0
3 years ago
Read 2 more answers
Lumberne is a continent comprising 18 countries. Currently, Lumberne is a free trade area and an economic union including all 18
PIT_PIT [208]

Answer:

political union.

Explanation:

Political Union is defined as a political entity that is made up of different states. Usually the different stages come together to form. The political Union in a process called unification.

Lumberne is a continent comprising 18 countries.each country is politically independent, governments of at least 12 countries are negotiating to form a common government. Lumberne is a free trade area and an economic union including all 18 countries as members of free trade.

This is an example of a political Union.

7 0
3 years ago
Topik is a product that is sprayed on thinning hair and makes the hair appear thicker. The manufacturer considers its potential
Alik [6]

Answer:

(C) target market

Explanation:

The group of people for which a product is designed and aimed to is the product's target market. In this case, Topik is a product that aims to sell to blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes, which is the product's target market.

The answer is (C).

4 0
4 years ago
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