Answer:
Option (d) is correct.
Explanation:
Linear demand curve represents the relationship between the price of the goods and the quantity demanded for a particular good and there is a inverse relationship between the price of the goods and quantity of goods demanded.
The linear demand is elastic in nature at relatively higher prices. If there is a any increase in the price level then as a result the quantity demanded for that good decreases. Slightly change in the price level will lead to larger change in the quantity demanded.
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Answer: d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange
Explanation:
Checking accounts : Is a type of account operated with a financial institution that allows the customer to deposit and also make withdrawals. It is also knowns as transactional accounts. In running a checking account, account owners can have access to their money using debit cards, and the use of cheque.
•What makes checking account different from other types of bank account is that it allows the owner to make numerous withdrawals and there is also no limit to deposits.
Stock: Is an investment owned by an individual or groups through the purchase of shares from a company, it could also be a certificate issued to indicate ownership of shares in an organization.
•It is a a way of investing for an investor because as the stock grows the money also grows and also a means of raising money for an organization.
Bonds: Are issued by an organization in other to raise capital, they are securities with fixed income. The bond holder lends money to the bond issuer and the money is paid back at a fixed payment rate within a period.
Answer:
94% and 2934
Explanation:
The computation of the four-firm concentration ratio for this industry is
= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)
= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)
= 94% ÷ 100%
= 94%
Now the Herfindahl Index is the sum of square of all firm market share
= 45^2 + 22^2 + 17^2 + 10^2 + 6^2
= 2934
Answer:
the exchange rate between U.S. dollar and German mark be under this system will be of 3 U$D = 1 german mark
Explanation:
We will use gold and silver as a mean to equalize both currencies:
<u>First equivalence between silver and gold:</u>
90 francs = 1 ounce of gold
9 franc = 1 ounce of silver
90/9 = 10 ounce of silver equals 1 ounce of gold.
<u>Now, we convert the german mark to gold:</u>
1 german mark = ounce of silver
10 german mark = ounce of gold.
<u>Finally, we equalize with the US dollars:</u>
30 dollar = ounce of gold = 10 german mark
30 dollars = 10 german mark
3 dollars = 1 german mark
