Answer: Federal reserve system is basically an independent agency.
Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.
The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.
Break-even point (in dollar sales):
Determine the monthly break-even point for the new toy in dollar sales as shown below:
Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit
=50,115 units $2.60 each
= $130,299
Thus, the break-even point (in sales dollars) is $130, 299.
The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.
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Answer:
1. Trade off
2. Opportunity cost
3. Cost-benefit analysis
4. Diminishing marginal utility
Explanation:
1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.
2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.
3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.
4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.
I believe the answer is Time management
<u>Answer:
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The following are the values with their correct matches
Pays medical bills - Liability coverage.
Pays damages to your car - Collision coverage.
Pays damages to the other car - Pays 0% damages to the other car.
<u>Explanation:
</u>
- Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
- The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
- One would choose to not spend on the repairing of the other car when one car is in good condition.
