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3 years ago

Explain the meaning of “strong” currency and “weak” currency. what are the advantages and disadvantages of each?

1 answer:

8 0

Strong currency and weak currency are relative. The terms are used to describe the value and the strength of a currency against other currencies.

When in strong currency, one can purchase more foreign currency and consumer will see lower or cheaper prices on foreign products. It helps to keep the inflation low. However, the disadvantage is most of the increase in spending will be in countries that are in weaker currency as consumer will less spend on local products.

If in weak currency, country’s export gets cheaper resulting to increase in sales that will lead to economic growth. The disadvantage is inflation will go higher and it will become more expensive to pay foreign investors that are priced in foreign currency.

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Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of

vekshin1

Answer:

Emma Burnley has a wide span of control

Explanation:

Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.

In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control

Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.

5 0

3 years ago

A market economy cannot produce a socially desirable outcome because individuals are motivated by their own selfish interests.

adoni [48]

B it false
we should all know that

7 0

3 years ago

The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t

NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be a kind of verbal understanding and agreement.

8 0

3 years ago

Listmann Corp. processes four different products that can either be sold as is or processed further. Listed below are sales and

Sloan [31]

Answer:

The product Deluxe sgould not be processed further.

Explanation:

Giving the following information:

Sales - Value without Processing - Additional Costs - Sales Value after processing

Premier: $1,350 - $900 - $2,700

Deluxe: 450 - 225 - 630

Super: 900 - 450 - 1,800

Basic: 90 - 45 - 180

We need to calculate the contribution margin of each product before and after processing.

Premier:

Before= 1,350

After= 2,700 - 900= $1,800

It is more profitable to continue processing.

Deluxe:

Before= 450

After= 630 - 225= $405

It is more profitable to sell before processing.

Super:

Before= 900

After= 1,800 - 450= $1,350

It is more profitable to continue processing.

Basic:

Before= 90

After= 180 - 45= 135

It is more profitable to continue processing.

5 0

3 years ago

If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total u

DaniilM [7]

Answer: 1 unit of X and 2 units of Y

Explanation: Total utility is the complete satisfaction you get from maximising usage of a quantity of a good or service. However another element also needs to be considered, and that is marginal utility. Marginal utility is the satisfaction you get from consuming an additional quantity of a good or service.

Both these factors are important as they determine how much of each product the consumer should buy. To maximise total utility, the consumer must use the full $10 income. But the question still stands as to which combination of products should the consumer purchase.

To make it fair the consumer should start by purchasing one of X and one of Y, and keep taking one of each (starting with X) to keep it fair. However after taking one of X, worth $2, and one of Y, worth $4, there is only $4 left. That means that if the consumer then takes one of X there will be $2 left, disallowing the consumer to afford X, and thus making the purchases unfair. Therefore in terms of meeting the marginal utlility, it is better to then swop to purchasing Y with the remaining $4, and maximising the consumer's total utility.

4 0

3 years ago