Question: What is the purpose of the federal reserve's federal open market committee and its activities?
Federal Open Market Committee. The Federal Open Market Committee, or FOMC, is the Fed's monetary policymaking body. It is responsible for formulation of a policy designed to promote stable prices and economic growth. Simply put, the FOMC manages the nation's money supply.
Hope this helps, have a good day. c;
Answer:
Sure lol
Explanation:
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*ultimate lonely call received and returned*
Limited Life Span
if the Sole Proprietor Dies so does the company.
Answer:
Countries specialize in order to increase their trade. Imagine a country that has specialized in rubber production and suddenly other more efficient synthetic products have replaced rubber. That means that the demand of rubber has fallen. This would create the country to face labor unemployment, lack of trade for rubber, a long period of stagnant growth indirectly effecting the economy adversely.
Therefore countries prefer to go along with trade and avoid specialization so as to avoid period of stagnant growth.
Answer:
Total Per Unit
Materials $155,200 $96
Direct labor $57,600 $48
Other costs varying with output $34,800 $29
<u>Fixed costs $540,000 $450 </u>
Total costs $747,600 $623
Since South is going to increase its production by 300 more units to be able to sell them to North, that would change the average fixed cost per unit = $540,000 / 1,500 units = $360 per unit.
Therefore the total cost per unit = $96 + $48 + $29 + $360 = $533 (instead of $623).
Since South charges its sales to North a 20% margin, the selling price per unit should = $533 x 120% = $639.60 and the total invoice for the 300 units = $639.60 per unit x 300 units = $191,880
