Answer:
1 dollar = 1.5 peso
Explanation:
An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.
Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.
Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.
<u>Given </u>: 1 unit of peso = 12 grains of gold
1 unit of US Dollar = 18 gains of gold
<u>To find</u> : 1 peso = ___ dollars
1 grain of gold = 
peso
similarly, 1 grain of gold = 
dollars
this means, 
it means 1 peso = 
or 1 peso = 
or 1 dollar = 1.5 pesos
Answer:
Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.
Explanation:
Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.
Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.
This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.
Answer:
$68,000
Explanation:
The formula to compute the gross profit is shown below:
Gross profit = Sales revenue - cost of goods sold
where,
Sales revenue = Number of bags in premium green × selling price per unit + number of bags in green deluxe × selling price per unit
= 10,000 × $8 + 3,000 × $6
= $80,000 + $18,000
= $98,000
And, the cost of goods sold is
= variable cost of green health + total fixed cost + additional processing cost
= 10,000 × $1.8 + $10,000 + $2,000
= $18,000 + $12,000
= $30,000
So, the gross profit is
= $98,000 - $30,000
= $68,000
Answer:
Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______
d. none of the above
Explanation:
a) Data and Calculations:
Old inflation rate = 3%
New inflation rate = 1.6%
Old unemployment rate = 4.8%
New unemployment rate = 6.2%
Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625
Ratio of new inflation rate to new unemployment rate = 1.6% : 6.2% = 0.258
Sacrifice ratio = Difference between the two ratios = 0.367 (0.625 - 0.258)
b) The sacrifice ratio is the difference between the old ratio and the new ratio of inflation rate to unemployment rate.
