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3 years ago

The idea that the money supply does not affect real economic variables is called:________

Business

1 answer:

Sergio [31]3 years ago

3 0

Answer:

The correct answer is letter "B": monetary neutrality.

Explanation:

Austrian economist Friedrich A. Hayek (1899-1992) referred to monetary neutrality as a theory that states the changes in the money supply do not affect the <em>prices of goods, services, wages but no the economy as a whole</em>. According to Hayek, printing more money could increase the demand affecting some economic variables (such as the mentioned above), but in the long run, it does not have a relevant impact.

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The points are only for ppl who have 12 to 20 points

icang [17]

Omg you’re the best thank you so much lol I have questions on my account if u wanna help bahah

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3 years ago

Read 2 more answers

Marin Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $201,600 and a rema

konstantin123 [22]

Answer:

The patent should be reported at $302,400 on the December 31, 2020, balance sheet.

Explanation:

Remaining useful life in month of patent on January 1, 2020 = 8 * 12 = 96 months

Remaining useful life in month of patent on December 1, 2020 = 96 - 11 = 85 months

Amortization of book value of patent in 2020 = (Patent Book value / Remaining useful life in month of patent on January 1, 2020) * 12 = ($201,600 / 96) * 12 = $25,200

Amortization of legal cost in 2020 = (Legal cost / Remaining useful life in month of patent on December 1,, 2020) * 1 = ($127,500 / 85) * 1 = $1,500

Carrying amount of patent = Patent Book value + Legal cost = $201,600 + $127,500 = $329,100

Patent book value on December 31, 2020 = Carrying amount of patent - Amortization of book value of patent in 2020 - Amortization of legal cost in 2020 = $329,100 - $25,200 - $1,500 = $302,400

Therefore, the patent should be reported at $302,400 on the December 31, 2020, balance sheet.

8 0

3 years ago

Cinder Company had the following department information for the month: Total materials costs $ 60,000 Equivalent units of materi

solong [7]

Answer:

The total manufacturing cost per unit is $10.50

Explanation:

Material cost per unit = Total material cost / Equivalent units of Material cost

Material cost per unit = $60,000 / 10,000 = $6 per unit

Conversion cost per unit = Total Conversion cost / Equivalent units of conversion cost

Conversion cost per unit = $90,000 / 20,000 = $4.5 per unit

Total Manufacturing cost = $6 + $4.50 = $10.50 per unit

3 0

3 years ago

Use this information about Department J to answer the question that follow. Department J had no work in process at the beginning

Aloiza [94]

Answer: $283,140

Explanation:

Total Cost = Materials cost + Conversion cost

Conversion cost per unit = (Direct labor + Factory overhead ) / Equivalent units of production

= (142,300 + 57,200)/ ( 18,000 + (2,000 * 30%))

= 199,500/ 18,600

= $10.73 per unit

Direct material cost is $5 per unit from the question.

Total cost of the 18,000 units;

= (18,000 * 5) + (18,000 * 10.73)

= $283,140

4 0

3 years ago

If opportunity cost were to suddenly increase, total cost would a) decrease and net benefit would increase. b) decrease and net

Allushta [10]

Answer:

The correct answer is option d.

Explanation:

The total economic costs include both explicit as well as implicit costs. The explicit costs are the direct costs incurred and the implicit costs are opportunity costs.

An increase in the opportunity cost will cause the total economic costs to increase. The net benefit is the difference between the total revenue earned and the total cost incurred. An increase in the opportunity cost will cause a net benefit to decrease as total costs will increase.

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3 years ago