Answer:
True
Explanation:
Opportunity cost refers to the value of a missed chance as a result of deciding a certain way. It is the forfeited benefit of choosing one option over another. Economists determine the opportunity cost by calculating the value of the next best alternative.
If John buys the ticket, it will cost $20. Attending the concert will cause him not to do his homework, as he cannot be in two places at the same time. The consequence of him not doing his homework is the opportunity cost. Attending the concert will, therefore, cost him the $20 and the opportunity cost.
Answer:
Reserves; excess reserves; increase.
Explanation:
If the Fed lowers the required reserve ratio, reserves in the banking system will remain unchanged but excess reserves will rise. This will (likely) lead to an increase in new loans and checkable deposits and an increase in the money supply because the banks would be willing to give out money as loans or mortgages to interested individuals.
The Federal Reserve System popularly known as the Fed was established by the U.S Congress on the 23rd of December, 1913 under the Federal Reserve Act. The Fed is the central bank of the United States of America. Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
banks in order to put a definitive end to the bank panics of the 1800s.
The Federal Reserve Bank is a government agency that is saddled with the following responsibilities;
1. To control the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).
2. To provide banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
3. To regulate banking activities (it has the power to supervise and regulate banks).
I don’t get it umm maybe try explaining it more
Answer:
39,300 ounces
Explanation:
Calculation for How many ounces were started and completed during the period
Using this formula
Numbers of ounces started and completed during the period= Filling Department completed ounces during the period - Work in process at the beginning of the period
Let plug in the formula
Numbers of ounces started and completed during the period=46,800 ounces -7,500 ounces
Numbers of ounces started and completed during the period=39,300 ounces
Therefore How many ounces were started and completed during the period is 39,300 ounces
Answer:
Option A. $20
Explanation:
Marginal cost be MC, marginal revenue be MR and . We know that
MR = ∆TR ÷ ∆Q
or
MR = (P∆Q+Q∆P) ÷ ∆Q
Here,
P is Profit-maximizing price
or
MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)
or
MR = P + (Q∆P ÷ ∆Q)
we can also write the above equation as
MR = 
also,
Price elasticity of demand PED = 
or
MR = P + [ P ÷ (PED) ]
We know MR = MC
Therefore,
MC = P + [ P ÷ (PED) ]
(P − MC) ÷ P = −1 ÷ PED
Substituting the values provided in the question
MC = $10
PED = -2
we get
P = [ PED ÷ (1 + PED)] × MC
P = ( -2 ÷ -1) × 10
or
P =$20
hence,
Option A. $20
