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3 years ago

A double coincidence of wants

Business

1 answer:

Lyrx [107]3 years ago

6 0

Answer:

All of the above are correct.

Explanation:

A double coincidence of wants is a situation in which two parties possess items that the other wants, so they can exchange items directly without using money.

It is required in a barter economy or an economy that does not use money or a fixed medium of exchange. Such an economy exchange is good for goods.

Double coincidence of wants has a number of limitations. It reduces the scope for the specialization of goods. It creates problems inefficient allocation of resources. It also more time consuming to find someone who possesses what you need and wants what you have.

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topjm [15]

The answer is <span>convergent adaptation
</span><span>convergent adaptation refers to a situation when individuals from different lineages develop a similar feature for the purpose of survival. For the most part, this phenomenon is caused ecause both individuals are also exposed to similar external stimulus
</span>

4 0

3 years ago

Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Em

Travka [436]

Answer: 1155

Explanation:

The solution guess thus to calculate the units in Ending Inventory:

Units of product on hand: 800 units

Add: Units in transit 180

Add: Units on consignment 200

Less: Damaged units 25

The number of units that Emma should include in her company’s period-end inventory will be:

= (800+180+200) - 25

= 1180 - 25

= 1155

3 0

3 years ago

Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,483 Direct lab

Bogdan [553]

Answer:

$6666

Explanation:

Given:

Direct materials = $ 2,483

Direct labor-hours = 77 hours

Direct labor wage rate = $ 19 per labor-hour

Machine-hours = 136 hours

The predetermined overhead rate = $20 per machine-hour.

Solution:

To find the total cost , we will add the following cost: Direct materials cost, Direct labor cost, Machine using cost

Direct labor cost = Direct labor-hours $\times$ Direct labor wage rate

Direct labor cost = $77\times19 = \$1463$

Machine using cost = Machine-hours used $\times$ predetermined overhead rate

Machine using cost = $136\times20=\$2720$

Total cost = $ 2,483 + $1463 + $2720 = $6666

Therefore, The total cost that would be recorded on the job cost sheet for Job 910 would be $6666

6 0

3 years ago

You love peanut butter. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought, and

Vinil7 [7]

Answer:

B. your demand for peanut butter increases today.

Explanation:

7 0

4 years ago

The evidence on the supply curve of financial capital is controversial, but at least in the short run, the elasticity of savings

geniusboy [140]

Answer:

a) elastic

Explanation:

Elasticity is a microeconomic concept that aims to measure the sensitivity of demand for savings to changes in interest rates. When calculating elasticity is a result greater than 1, the demand for savings is said to be elastic (interest-sensitive). Thus, slight interest rate variations will be sufficient to increase savings deposits. This is because people stop consuming to save and earn interest income. When the value is less than 1, savings are inelastic - little interest-sensitive. Thus, interest rate changes would not affect savings. This means that interest earned on savings is not attractive and people prefer to invest their money. in the consumption of goods and services.

This relationship is not fully known to economists in the long run, but in the short run there is a direct relationship between rising interest rates and increasing savings deposits. Thus, it is said that in the short term, the demand for savings is elastic at the interest rate. With each interest rate increase, the savings deposit rate increases.

4 0

4 years ago