First option.
Indeed, some people may benefit by paying the artificial price, but not all as other people may not be able to satisffy all their demand as a price ceiling will also effectively create a shortage due to the low prices disincentivizing producers.
Answer: $670,400
Explanation:
Period costs are not included in direct production and in this instance include:
- Variable selling and administrative expense
- Fixed manufacturing overhead
- Fixed selling and administrative expense
Period costs = (12,000 * 4) + 406,400 + 216,000
= $670,400
Answer:
The rate at which money circulates through an economy.
The velocity in the Mushroom Kingdom , is 6.3213
Explanation:
The equilibrium quantity in the money market is determinated as the product between the money stock (the gold coins in this case)and the money velocity
GDP = demand of money ( as we need money to purchase the goods and services)
money stock = 13,719
velocity = demand / money stock
86,722/13,719 = 6.3213
Answer:
she should use the Future value of single amount to determine how much she will have after 4 years.
Explanation:
Tina has single amount of $10000 that will be used in 4 year time to buy a house. So, Tina has to find out the future value of $10000 to find out how much she will be having after the 4 years.
