Answer:
The British pound
Explanation:
The functional currency of a company is the currency used in the primary economic environment in which the company operates. This means that the company's functional currency is the currency used in the place where the company earns its revenues and pays its expenses. In this case, the company operates in the United Kingdom, therefore its functional currency is the British pound.
Answer:
Economical thickness is 3.823 units
<u>Explanation:</u>
Insulation Annual Cost=2000+650t
Energy cost of heat loss=19000*(t) ^ (-0.5)
Total annual Cost=2000+650t+19000t ^ (-0.5)
<u>We need to find optimum value of thickness such that Total annual cost is minimum.</u> Therefore, we have dC/dt=0 and d^C/dt^2>0
Equation 1)
...........dC/dt=650-9500t^-1.5
Equation 2)
...........d^C/dt^2=4750t^-1.5
<u>For 1) </u>we have 650-9500t^(-1.5)=0
650/9500=t^-0.5
190/13=t^0.5
t=3.823 units
Hence, if we check for obtained value of "t" we have second order condition met then
d^2C/dt^2=4750*(3.823)^(-1.5)=635.4584551>0 by the way for any value of "t">0 we will suffice second order condition
Hence, economical thickness is 3.823 units
Answer:
Seven
Explanation:
The correct answer to the given question is 7. The comedy club has a monopoly that is why the entrants are price discriminated and the maximum willingness to pay is charged by each customer. However the data shows that seven customers are willing to pay different prices for the entry to the comedy club. So the correct answer is 7 tickets which can be sold when price discriminating.
Answer:air conditioning
Explanation: For one, this is a problem I was asked many times in my life so I’m sure it’s air conditioning. But also instead of air conditioning we could build fires. And it’s not clothes because humans have been using clothes through out their entire existence.
Answer:
The correct statement is:
A. In the short run, other things remaining the same, a given percentage change in the quantity of money brings an equal percentage change in the price level.
Explanation:
This economic situation is due to the market forces of demand and supply. Therefore, when the interest rate rises, if everything else remains equal, the opportunity cost of holding money rises. At the same time, the quantity of money demanded in the market decreases.