8. In a car insurance policy, collision insurance covers
2 answers:
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Answer: The nominal money supply should set at 1,600.
Explanation:
Given that,
Money demand function: (M/P)d = 2,200 – 200r
r - Interest rate
Money supply (M) = 2,000
Price level (P) = 2
If the fed wants to set the interest rate at 7% then,
Money supply = money demand
=
= 2,200 – 200r
P = 2 and r = 7%
= 2,200 – 200 × 7
M = 800 × 2
M = 1,600
The nominal money supply should set at 1,600.
Answer:
The max revenue is "$32,300". The further explanation is described below.
Explanation:
(a)
The composition as well as response of models within 6 rows seems to be as described in the following:
Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)
Yes of course,
The total gold ounces will be:
⇒
The total labor hours will be:
⇒
Integers B, N, P will become
The response for LINDO is:
B=10.0.
N=0
P=20
Final Value of Maximization will be:
= 32,300
(b)
- 10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.
- These goods utilizing 125 ounces of gold simultaneously,
- It would use 310 hours of labor although 10 hours would then stay unused.
The maximum salary will become:
= $32,300.