Answer:
$16,650
Explanation:
The computation for the market value of one contract is shown below:
= Size of the contract × current quoted price
where,
The Size of the contract is 50,000 lbs
and, the current quoted price is 0.333
So, the market value of one contract
= 50,000 lbs × 33.3 ÷ 100
= $16,650
hence, the market value of one contract is $16,650
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility
This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
Borrower must pay off loan
Answer:
Units transferred out = 760
Explanation:
If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.
Fully worked is computed as the units started in the period less the closing inventory .
Fully- worked = 800 - 240 = 560
The units transferred out = opening inventory + Fully-worked
= 200 + 560 = 760
Units transferred out = 760
Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February before any other units. So, it is assumed completed by the end of February
Answer:
c. fall in the short run, and fall even more in the long run.
Explanation:
The aggregate demand shifts to the left in recession or contractions, in consequence the level of prices falls. For this analysis we consider the shor-run supply curve with a positive slop.
As we know, the economy in the long run tends to equilibrium, where the the production level is fixed and equal to the potential of production of the economy. The initial reduction of prices incentives the consumption in the long run, stabilizing with the long run quantites in a minor level of prices.
In the attached image you can observe the process described previously.
