Answer: B. The Fed cannot control the amount of money that households choose to hold as currency.
Explanation: If the Federal government wants to control the money supply, they will buy government bonds. For the Fed to pay for the bonds, the Fed will creates money. Its purchase of bonds will put the new money in the hands of the public.
But one thing the federal government cannot control is the amount of money households choose to hold as currency.
Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
<h3>What is Partnership?</h3>
This refers to the arrangement where parties, known as business partners, agree to cooperate for a mutual benefit.
Hence, we can see that Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
Read more about agric partnerships here:
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Answer:
Total expending 21,320
Explanation:
Assuming the administrative expense are also paid on cash during the period
1,300 units x $4.20 = 5,460 Variable expending
19,240 fixed cost - 3,380 depreciation (non-monetary) = 15,860 Fixed expending
Total expending 5,460 + 15,860 = 21,320
<u>Remember:</u>
Depreciation and amortization are non-monetary term, they don't involve a cash disbursement.
Answer:
TRUE
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.
Answer:
C. repetitive production
Explanation:
Based on the information provided within the question it can be said that only in Repetitive Production
will you see at most minor variations implemented. This is because this type of operations uses various machines in a pre-set process to make the product, a small change in the product specifications would require ALL of the equipment to be replaced, rearranged, or modified just to be able to implement the changes to the product. This many times costs more money than what the change will generate.
