The oldest form of money that still exist today is: Metallic money.
In the past, money is used in the form of Gold and silver coins. (Gold tend to be higher in value compared to silver)
Even though the amount of metallic money that we use today is far lesser compared to the past, we still use pennies for making small purchase
I believe the correct answer among the choices is:
b) They do not capture most nonmarket economic activity
<span>The National Income and Product Accounts or NIPA is one
of the main sources of the data on general economic activity in the United States.
The greatest drawback to this is that it is only a prediction, it does not
really reflect all the acitivities.</span>
Answer:
The correct answer is the option B: magazines.
Explanation:
To begin with, in the case where the manager is looking for an advertising that has the characteristics of being medium and that worked for segmented audiences, with prestige and long shelf life then the correct option will be to choose a magazine that properly accomplish with the particularities of the case. The magazine will be targeted to one audience to the fact that it can not include all the topics that are in trend nowadays. Moreover, the magazine will also be of prestige in the case where it has several years in the industry and its name means something in the market. Therefore that a magazine will accomplish with all the characteristics that the advertiser is looking for.
Answer:
If the museum engages in price discrimination and decides to take both "contracts" (adults and students), the profit the museum will earn is $800.
And it goes like this:
Adults: 100 x $12 = 1.200
Students: 200 x $8 = 1.600
Income: 1.200 + 1.600 = 2.800 total incomes if both contracts happens in the same day.
Profit: 2.800 (Income) - 2.000 (costs) = 800 profit
Answer:
(B) opportunity cost
Explanation:
If you are giving up an opportunity over another than it is called opportunity cost.
