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IgorC [24]
3 years ago
10

Rice is a cheap staple food eaten multiple times of day by many people all over the world. In Trufflelandia, residents also eat

expensive mushrooms known as truffles once per year as a birthday celebration. Rice keeps the people alive, and truffles are not necessary for sustaining their lives. Why is rice so cheap and truffles so expensive?a. Truffles taste better, so they are worth more money.b. Rice is easy to cook, so people buy a lot of it. If people are going to buy so much, then it has to be cheap.c. Truffles are more nutritious, and healthy food is always more expensive than unhealthy food.d. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.
Business
1 answer:
enot [183]3 years ago
5 0

Answer:

Rice is so cheap and truffles are so expansive because D. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

Explanation:

When it comes to tasty or nutritious foods, there should not be any reason to be more expensive than others food stuffs. However, they often cost a little more. Regarding rice and its easy way of cooking, it is not a strong argument to talk about the price. So the right answer D, due to the fact that is true that eating a higher rate of rice won't have such a great marginal value as it will with truffles. It has to do a lot with higher demand of rice.

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Which of the following were provisions of the Monetary Control Act of 1980? Check all that apply.
egoroff_w [7]

Answer:

The correct answers are letters "B" and "C": The act allowed the Federal Reserve to set uniform reserve requirements for all commercial banks; and,  the act allowed commercial banks to pay unrestricted interest rates on checking accounts.

Explanation:

The Monetary Control Act (<em>MAC</em>) passed in 1980 is considered to be the first set of rules established in the banking industry after the Great Depression (1929). It mainly forced all the banks to remain under the rules of the Federal Reserve. Besides, it provided banks the autonomy to choose the interest rate on accounts under their own discretion.

7 0
3 years ago
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3 years ago
A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price
mario62 [17]

Answer:

The option (b) 2.4 is correct.

Explanation:

We can find price elasticity of demand by using the formula shown in the attachment attached with.

Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:

Price elasticity of Demand =

= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]

Price elasticity of Demand = 2.4

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5 0
3 years ago
Etxuck327 Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books so
Westkost [7]

Answer:

539,000.00  

Explanation:

As per the contribution margin analysis concept, the break-even point is obtained by dividing fixed cost by contribution margin per unit.

For Etuck327,

The selling price is $39

Variable expense is $28

Break-even in units is 49,000 books.

Contribution margin per unit = selling price - variable costs

=$39- $28

=$11

if Break-even = fixed cost/ contribution margin per unit, then

49,000= fixed cost / 11

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3 years ago
Define federal reserve system.​
Angelina_Jolie [31]

Answer:

this is the federal banking system of USA

8 0
3 years ago
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