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3 years ago

Inflation is defined as a rise in the general level of prices. When inflation occurs, the buying power of the dollar would:

Business

1 answer:

Anuta_ua [19.1K]3 years ago

5 0

<u>Answer:</u> the buying power of the dollar would: decrease.

<u>Explanation:</u>

Purchasing power means the amount of goods that can be bought with the given unit of money. The value of the dollar decreases when there is an inflation. Inflation reduces money value by raising the prices of the goods and services in the country.

Purchasing power can be compared with the salaries received 50 years ago and current salaries. Though the current salaries have increased the prices of the goods have also increased accordingly. Which can also be termed as increased cost of living.

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Hitman42 [59]

One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.

<h3>What does it mean to strike a balance?</h3>

It is to have equal importance, it is a condition in which different things occurring have an equal or proper amount of importance.

An organization striking a balance is trying to do everything possible to meet people's demands and also overcoming various challenges that may want to influence it.

Therefore, One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.

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3 years ago

Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc

yaroslaw [1]

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

$\frac{MU_{a} }{P_{a} } =6$

$\frac{MU_{b} }{P_{b} } =4$

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

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3 years ago

Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the matur

laiz [17]

Is this a real question just curious

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3 years ago

Read 2 more answers

Why might long-term interest rates go down at the same time that the federal reserve pushes short-term rates up?

mart [117]

<span>Because the federal reserve would want to discourage quick investments or want people to save more money right now. Long term rates would go down because these are well thought out infrastructure projects that are good for the long run.</span>

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3 years ago

Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. He buys lunch while on the road vis

solniwko [45]

Answer: Option A

Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.

Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.

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3 years ago