In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used Tight monetary policy to raise the federal funds rate.
<h3>What is the rate of inflation?</h3>
Rate of inflation is the increase in price in a given period of time. Inflation is usually described as a wide measure of price increases or increases in the cost of living in a nation.
Example of Inflation goes up when prices increase, reducing your dollar's buying power.
Thus, it is Tight monetary policy.
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Answer:
an engraving service for pen owners who may wish to will their pens to loved one.
Bic is a large publicly traded company with significant financial resources.
Explanation:
Mont Blanc uses differentiation strategy to address to consumer social and emotional needs. The best strategy will be to provide pen with name or a special message engraved in the pen according to the consumer needs. This will focus on consumer social needs and pen owners will love to will their pens to their loved ones.
Bic is large publicly traded company which has significant financial resources available to it. Bic will not wish to compete with Mont Blanc as it will require financial resources to capture its target market. Bic pens are cheaper and consumers are attracted to it because of its low price and ease in availability.
Answer:
$506,800
Explanation:
The calculation of budgeted materials cost is shown below:-
For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-
Total materials for production = Budgeted production × Pounds of raw material per unit
= 35,000 × 4
= 140,000
Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory
= 140,000 + (39,000 × 4 × 30%) - 42,000
= 140,000 + 46,800 - 42,000
= 186,800 - 42,000
= 144,800
Budgeted materials cost for January = Materials to be purchased × Cost per pound
= 144,800 × $3.50
= $506,800
Answer:. Distinguish between quantity demanded and demand and explain what determines demand. Distinguish between quantity supplied and supply and explain what determines supply. Explain how demand and supply determine price and quantity in a market, and explain the effects of changes in demand and supply Quantity demanded The amount of a good, service, or resource that people are willing and able to buy during a specified period at a specified price. The quantity demanded is an amount per unit of time. For example, the amount per day or per month.
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Answer:
The correct answer is: the free-rider problem.
Explanation:
The free-rider problem occurs when individuals do not want to pay their fair share for something others pay. The free-rider problem tends to happen when everyone has access to a source without constraints and there is little to no regulation over the use of the resource.
Thus, <em>the talented musician's jar is never full because of the free-rider problem: some people give the musician tips to eager him to continue doing it or because they liked the music while others, even if they liked and enjoyed the musician's play, are reluctant to tip him since they prefer to listen to the music for free.</em>
