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galina1969 [7]
3 years ago
14

In the 1850s the French franc was valued by both gold and silver, under the official French ratio which equated a gold franc to

a silver franc 15½ times as heavy. At the same time, the gold from newly discovered mines in California poured into the market, depressing the value of gold. As a result, A. the franc effectively became a silver currency.B. the franc effectively became a gold currency.C. silver became overvalued under the French official ratio.D. answers a) and c) are correct
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer:

B) the franc effectively became a gold currency.

Explanation:

Before the price of gold plummeted, the French government could rely on bimetallism, but as the price of gold decreased and the value of silver remained the same, all you needed to do to earn some money was change your gold coins into silver coins (arbitrage). So the French government decided that it couldn't rely on the value of two different metals and chose gold.

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The world-famous discounter, Fernwood Booksellers, specializes in selling paperbacks for $7 each. The variable cost per book is
Ghella [55]

Answer:

Advertising= $933,333

Explanation:

Giving the following information:

The world-famous discounter, Fernwood Booksellers, specializes in selling paperbacks for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even. It is estimated that if the authors' royalties are reduced, the variable cost per book will drop by $1.

First, we need to calculate the fixed costs:

Break-even point (units)= fixed costs/ contribution margin

200,000=  fixed costs/ (7 - 5)

200,000= fixed costs/ 2

fixed costs= $400,000

Now, we need to calculate the new break-even point in dollars and units:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 400,000 / (6/7)= $466,666.67

Break-even point (units)= fixed costs/ contribution margin

Break-even point (units)= 400,000/6= 66,667 books

Total cost= 400,000 + $66,667= $466,667

Current income= 200,000*7= $1,400,000

Advertising= 1,400,000 - 466,667= $933,333

4 0
3 years ago
If over a short time there is an increase in the number of people retired and a decrease in the number of people working, then p
lesantik [10]

Answer:

a. rises but real GDP per person falls

Explanation:

Gross domestic product is the total monetary value of output that is produced by an economy in a given period.

GDP increases as the income increases. This is because people have more money to spend on goods and services.

So if people are retiring they will earn pension that will be spent. This increases productivity of the economy.

However since the number of people working is reducing there will be a reduction in real GDP per person. Only few people are producing and output will be allocated to a large population many of whom are not working.

6 0
3 years ago
Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
Ksju [112]

Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0
3 years ago
Blue Spruce Corp. took a physical inventory on December 31 and determined that goods costing $229,500 were on hand. Not included
Irina18 [472]

Answer:

Blue Spruce report as its December 31 inventory is $285,000

Explanation:

Correct inventory

= 229,500 + goods purchased FOB shipping point 30,000 + goods sold FOB destination 25,500

= 229,500 + 30,000 + 25,500

= 285,000

3 0
3 years ago
Nelson Manufacturing has the following data:
rusak2 [61]

Answer:

c. $500,000 + .40X = X

Explanation:

Please see attachment

3 0
3 years ago
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