Answer:
See below.
Explanation:
Looking at a car's price to see if we can afford is using the money function of unit of account. Unit of account is when we are able to determine the worth of the asset or transaction and see if we have enough value to exchange.
When we pay for groceries we are using money as a medium of exchange as we are exchanging groceries with another commodity that is cash.
When we save part of our wealth we are using money as a store of value. This signifies that the money value remains consistent over time and that money still holds economic value over time as opposed to other commodities that may perish.
When we compare prices we are using money as a measure of value. We are able to measure different product's worth in a uniform measure that being the money.
Hope that helps.
Answer: 22; 7
Explanation;
A Recession refers to the economy of a country contracting for at least 2 quarters.
Since the the beginning of the twentieth century, the United States has experienced<u> 22 recessions </u>with the worst being the Great Depression of 1929 and the Great Recession of 2008.
Of those,<u> 7 have occurred since 1970</u> with the 7th ongoing as a result of the Corona virus pandemic.
Answer:
The firm will produce <u>6.00</u> units of output.
Explanation:
From the question, we have:
MC(q) = 6 + 2q ……………… (1)
P = $18 ………………………. (2)
For any firm, profit is maximized when MC = P. To determine the level of output (q) the firm will produce, we therefore equate equations (1) and (2) and solve for q as follows:
6 + 2q = 18
2q = 18 - 6
2q = 12
q = 12 / 2
q = 6.00
Therefore, the firm will produce <u>6.00</u> units of output.
Answer:
$730,000 should be Included in the Initial cash flow of the project for this building
Explanation:
Complete question <em>"Mason Farms purchased a building for $689,000 and made repairs costing $136,000. The annual taxes on the property are $8,200. The building has a current market value of $730,000 and a current book value of $394,000. The building is mortgage-free. If the company decides to use this building for a new project, what value, If any, should be Included in the Initial cash flow of the project for this building?"</em>
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In this context where the company decides to use this building for the new project, the current Market value has to be included in the initial cash flow of the project for this building because it is is an opportunity cost. Hence, $730,000 should be Included in the Initial cash flow of the project for this building.
Answer:
steelersssss all the way babyyyy
Explanation: