Answer:
The answer is $1,875
Explanation:
Money multplier effect = 1 / required reserve ratio .
And the required reserve ratio is 8 percent
Deposit into the checking account is $150.
Money multplier effect = 1 / 0.08
12.5
Therefore, the largest amount (in dollars) by which the money supply can increase as a result of the deposit of $150 is:
12.5 x $150
=$1,875
Answer:
D.$163,512
Explanation:
Depletion expense is a charge against profits for the use of natural resources.
Depletion rate = cost to purchase resource/ number of units = $530,000/ 35,000 tons = $15.14 per ton
Depletion expense for 2019 = Depletion rate * number of units extracted and sold in 2019 = $15.14 * 10,800 = $163,512
Answer:
The answer is below
Explanation
Complements in economics is a term that is used to describe goods that are used or consumed together. For example, pencil and eraser, pen and paper, etc.
Complements are goods in economics whose value is increased when combined with other goods. Another example of complement goods is movies and popcorn
Answer:
B. unlimited, changing, and competing
Explanation:
Wants are the desire to have or own goods and services that give satisfaction. A want is a wish to possess something. The wish or desire may be fulfilled or not. Satisfying wants is through the consumption of goods and services. Consumers have an unlimited desire to have goods and services that have high utility value.
Wants differ in different people depending on their culture , age, social status, gender, and several other factors. Satisfying one need is depended on the individual's willingness and ability to pay for the goods or services that satisfy that need. Satisfying wants requires resources. Because human needs have unlimited wants, it is almost impossible to satisfy all wants with limited resources. Due to the scarcity of resources, competition arises to satisfy the many wants with the available resources.
Answer:
The payback period for the new machine is 6 years.
Explanation:
depreciation = $1,500,000/10
= $150,000
payback period = ($100,000 + $150,000)/$1,500,000
= 6 years
Therefore, The payback period for the new machine is 6 years.
