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inn [45]
3 years ago
5

If the current allocation of resources in the market for wallpaper is efficient, then it must be the case that

Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer:

b. the market for wallpaper is in equilibrium.

Explanation:

Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.

It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.

The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)

That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.

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Suppose that the reserve ratio is 10% when the Fed sells $25,000 of U.S. Treasury bills to the banking system. If the banking sy
andre [41]

Answer:

d $250,000; subtracted from

Explanation:

Sales of U.S. Treasury bills to the banking system by the Fed is a contractionary monetary policy that will reduce the money supply.

Based on the money supply multiplier, the amount of the reduction in money can be calculated as follows:

Amount of reduction in money supply = $25,000 / 10% = $250,000.

Therefore, if the banking system does NOT want to hold any excess reserves, <u>250,000</u> will be <u>substracted from</u> the money supply.

7 0
3 years ago
4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of mild herb chips needs 2 ounces of salt, 6 ounces o
Zepler [3.9K]

Answer:

2A + 3B  ≤ 4800

Explanation:

Given:

Let A is mild herb chip

Let B is Spicy herb chip

  • A bag of mild herb chips needs 2 ounces of salt
  • A bag of Spicy herb chips requires 3 ounces of salt

So the total ounces of salt need to use for A and B is:

2A + 3B

and we only have 4800 ounces of salt, so the constraint for salt is:

2A + 3B  ≤ 4800

6 0
3 years ago
Read 2 more answers
What is a benefit of getting college credit in high school?
Bingel [31]

I believe it's A because it makes sense to me ig

4 0
3 years ago
Read 2 more answers
Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directl
Oduvanchick [21]

Answer:

The correct answer is "$120,250".

Explanation:

The given values are:

Opening inventory

=  $38,500

Closing inventory

= $15,250

Purchases

= $97,000

Now,

The cost of materials used during the month of February will be:

= Opening Inventory + Purchases - Closing Inventory

On putting the estimated values in the above formula, we get

= 38,500+97,000-15,250

= 120,250 ($)

6 0
3 years ago
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance
Alina [70]

Answer:

See below

Explanation:

Statement of cash flow from operating activities using the indirect method.

Net income

$14,000

Adjustment for non cash items:

Depreciation expense

$5,000

Adjustments for changes in working capital:

Increase in accounts receivables

($8,000)

Decrease in inventory

$4,000

Increase in salaries payable

$1,000

Net cash from operating activities

$16,000

7 0
2 years ago
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