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ANEK [815]
3 years ago
14

Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and service

s. Until 2003, the year in which the U.S. government banned smoking in federal penitentiaries, cigarettes were the preferred medium of exchange among prisoners. One important difference between using cigarettes and using dollars as money is that______ have intrinsic value.U.S. dollars are an example of_____ money.(fill in the blanks).
Business
1 answer:
Semmy [17]3 years ago
3 0

Answer:

The correct answer is: cigarettes; fiat.

Explanation:

Money performs a number of functions such as medium of exchange, store of value etc. Before the introduction of money, goods and services were used as a medium of exchange. This system was called barter system.

The difference between cigarettes and dollars is that cigarettes have an intrinsic value. Dollars do not have any intrinsic value, but it has high face value.

Fiat money is the physical money in notes and coins which are not backed by any other commodity. These are made legal tender by the government and have no intrinsic value of their own.

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Equilibrium price is $10 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 233 units of output. At
Anika [276]

Answer:

Continue operating; $699

Explanation:

The equilibrium price is $10.

MR = MC at 233 units of output.

At this output level, ATC is $12, and AVC is $9.

The AFC or average fixed cost

= ATC - AVC

= $12 - $9

= $3

The total fixed cost

= AFC\ \times Q

= \$ 3\ \times\ 233

= $699

The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.

4 0
3 years ago
Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th
frutty [35]

Answer:

total revenue for the month = $18000

Explanation:

given data

makes quilting kits priced = $120 each

materials each kit total = $45

labor to assemble a kit = $5

rent and insurance = $1,000

heat and electricity = $200

advertising = $500

monthly salary = $4,500

sold = 150 kits

to find out

total revenue for the month

solution

we get here total revenue for a company that will be here product of the price

and it charge for  product and no of product it sell so It is nothing to do with cost

so now  the total revenue for the month will be

total revenue =  sold × makes quilting kits priced

total revenue = 150 × $120

total revenue for the month = $18000

7 0
3 years ago
Roads that function as expressways and divided highways have high speeds and greater risk of _________ crashes.
dimaraw [331]

Answer: High-impact crashes

Explanation:

High impact crashes are automobile crashes, that occurs at very high speeds and has a high likelihood to cause injuries and in some cases death to passengers of vehicles or pedestrians around.

Expressways and divided highways are roadways where vehicle drivers are allowed to drive at high speeds, therefore increasing the chances of high impact crashes occuring.

6 0
3 years ago
Which labor market strategy is an organization most likely to pursue if it is experiencing a shortage of funds or has a sufficie
avanturin [10]

Answer:

First quartile labor market strategy

Explanation:

In the case when the organization wants to pursue when the organization is experiencing a funds shortage or has the enought number of workers or the rates of the unemployment is quite high

So this situation represents the first quartile labor market strategy

hence, the same is to be considered

Therefore the above is the answer

4 0
2 years ago
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
Akimi4 [234]

Answer:

$54,000

Explanation:

Average accumulated expenditure can be determined by calculating the weighted average expenditure of each bond based on the numbers of month each bond is outstanding.

2016

As per given data

January 1, 2016 $300,000

September 1, 2016 $450,000

December 31, 2016 $450,000

Expenditures

As the bonds have different outstanding periods in the year, so we have to calculate the weighted average expenditure based on the numbers of months each bond outstanding within 2016.

January 1, 2016         $300,000 x 12/12 x 12% = $36,000  

September 1, 2016   $450,000  x 4/12 x 12% =  $18,000

December 31, 2016  $450,000  x 0/12 x 12% = <u>$0           </u>

Total Expenditure                                                <u>$54,000 </u>

3 0
3 years ago
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