If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.
<h3>
What is an open market sale?</h3>
Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.
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Answer:
The answer is stated below:
Explanation:
Routine business messages are those messages which are positive and help the workers in order to perform or conduct the daily business. The common and usual kind of routine message are making the requests for providing the information, handling the complaints, seeking the dispatch details of the delivery, providing the instructions and the updates the service.
The most routine business message follow the:
- Readers mostly respond in a positively manner to them.
- Convey the straight forward or direct information
- Readers are unlikely to resist.
Answer:
EMI
Loan Amount 230000
Interest rate per period 0.00375
Number of periods 300
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
EMI= Equal Monthly Payment
P= Loan Amount
R= Interest rate per period
N= Number of periods
= [ $230000x0.004 x (1+0.004)^300]/[(1+0.004)^300 -1]
= [ $862.5( 1.004 )^300] / [(1.004 )^300 -1
=$1278.4147
Total payment = $1278.4147*300
=$383524.41
Interest payment = total payment - laon amount
=$383524.41-230000
Interest payment =$1,53,524.41
Explanation:
Answer:
I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.
II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.
Explanation:
Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions
.
Complementary goods (used in fixed proportions) are L shaped always
, In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.
Therefore, Only statements I and II are true.
Answer:
Annual depreciation= $189,600
Explanation:
Giving the following information:
On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (1,010,000 - 62,000)/5= $189,600
