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3 years ago

What are two characteristics of a credit union??

1 answer:

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The law of demand is based on the observation that:________.

Bess [88]

Answer:

Explanation:

its C because if the price goes down for a product then you buy more of something you wanted to get more out of.

8 0

4 years ago

Read 2 more answers

Because different nations have vastly different numbers of people living in them, Gross Domestic Product (GDP) is a very poor wa

fiasKO [112]

I think the correct answer from the choices listed above is option A. Gross National Product or GNP is used by economists in place with GDP. Gross National Product is an expression used to measure economic growth and wealth. It includes the value of all goods and services in a given period of time.

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3 years ago

The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p

kifflom [539]

Answer:

$ 5,401.60

Explanation:

Activity cost pool

Assembly: $ 698,720 (Total Cost) / $ 44,000 (Total activity machine-hours)

= $ 15.88 per machine-hour

Processing Orders: $ 90,763 (Total cost) / 1,900 orders = 47.77 per order

Inspection: $ 119,535 / 1,950 inspection-hours = $61.30 per inspection-hour

Overhead Costs:

Assembly: 15.88 per MH *710 MHs = 11,274.80

Processing Orders: $ 47.77 per order * 80 orders = $3,821.60

Inspection: $ 61.30 per IH * 40 IHs = 2,452.00

Sales: (340 * 121.90) = $ 41,446.00

Costs:

Direct materials (340 * 40.05) = $ 13,617.00

Direct labor (340 * $ 14.35) = $ 4,879.00

Assembly $ 11,274.80

Processing $ 3,821,60

Inspection $ 2,452.00

Total of costs: $ 36,044.40

Product Margin: (Costs - Sales) $ 5,401.60

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3 years ago

An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in coun

Ann [662]

When an oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B.

The FED in country A takes immediate action increasing the money supply, while FED in inflationary country B does not take any action

In this case, in long term "Both countries return to their long-term stable equilibrium, but country A will remain with a higher price level than country B".

<h3>What is Federal Reserve System (FED)?</h3>

The nation's central banking system is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed.

The Fed offers a secure, adaptable, and stable monetary and financial system to the nation.

The Fed's primary responsibilities include-

overseeing and regulating banks,
implementing national monetary policy,
preserving financial stability, and
offering banking services.

Therefore, to better understand the effects of financial services laws and practices on customers and communities, the Federal Reserve promotes supervision, community reinvestment, and research.

To know more about monetary policy, here

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2 years ago

Maria spends all of her money on paperback novels and beignets. In 2011 she earned $27.00 per hour, the price of a paperback nov

marishachu [46]

Answer:

1. The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011.

2. The price of a paperback novel is 3 beignets in 2011 and Maria's wage is 9 beignets per hour in 2011.

3. 3 Beignets

4. increases and remains the same

Explanation:

1. Nominal value is the value of a product based on the money of the day that we see. The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011 are the values of the product and wage quoting the money of the day.

2. The real value of a varaible is the value in terms of the value of some other goods. In this case Paperback and Maria's wage are valued in terms of beignets.

3. The relative price of paperback is valued in terms of beignets. So if a beignet costs $6 and a paperback novel is $18. The relative price of a paperback novel will be three times the cost of beignet, since a beignet costs $6.

4. Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

6 0

3 years ago