In this case <span>the yen is likely to Depreciate against the euro
The value of a currency will increase if it became rare (less owner)
If the amount of yen is abundant but yet it remained unwanted, the value of the yen currency will keep dropping.</span>
Answer:
(a) 72
(b) 57.6
(c) 46.08
Explanation:
Given that,
Units produced = 1
Marginal Labor Time = 112.50
Units produced = 2
Marginal Labor Time = 90.00
First, we need to calculate the learning rate.
Learning Rate:
= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100
= (90 ÷ 112.50) × 100
= 80%
At production level of 1 unit:
Marginal Labor time = 112.5
At production level of 2 units:
Marginal Labor time:
= Marginal Labor time at 1 unit × Learning rate
= 112.5 × 80%
= 90
(a) At production level of 4 units:
Marginal Labor time:
= Marginal Labor time at 2 units × Learning rate
= 90 × 80%
= 72
(b) At production level of 8 units:
Marginal Labor time:
= Marginal Labor time at 4 units × Learning rate
= 72 × 80%
= 57.6
(c) At production level of 16 units:
Marginal Labor time:
= Marginal Labor time at 8 units × Learning rate
= 57.6 × 80%
= 46.08
Answer:
a) price of $7 and quantity of 50 units
Explanation:
According to what I'm understanding of the table you got the following:
![\left[\begin{array}{ccc}Price&Supply&Demand\\5&11&36\\6&36&68\\7&50&50\\7&73&37\\...&....&...\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DPrice%26Supply%26Demand%5C%5C5%2611%2636%5C%5C6%2636%2668%5C%5C7%2650%2650%5C%5C7%2673%2637%5C%5C...%26....%26...%5Cend%7Barray%7D%5Cright%5D)
The equilibrium will be when both forces meet in this case, it is clear that it is happening at a price equal to $7 which generates a supply of 50 units and a demand for 50 units. Both have the same value so it is equilibrium
Answer:
results in the money supply being larger than the amount of currency in circulation.
Explanation:
The banks existence could be resulted in more money supply as compared to the currency amount i.e. monetary base and also the currency amount could be in the circulation base
So as per the given situation, the above should be the answer
And, the rest of the options seems incorrect
Answer:
The gas at station A is $0.02 per gallon more expensive
Explanation:
Data provided in the question:
Cash rebate provided by the AMEX card = 2%
Cash rebate provided by the VISA card = 1%
Price of the gas = $2.00 per gallon
Now,
Amount of rebate provided by the AMEX card per gallon = 2% of $2.00
= 0.02 × 2.00
= $0.04
Amount of rebate provided by the VISA card per gallon = 1% of $2.00
= 0.01 × 2.00
= $0.02
Since station A does not accept AMEX card
Therefore, VISA card will be used at station A
Thus,
Rebate at station A = $0.02
And rebate at station B = $0.04
Difference in rebate = $0.04 - $0.02
= $0.02
Hence,
The gas at station A is $0.02 per gallon more expensive
