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sergeinik [125]
3 years ago
12

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

distinction.
Rina spends all of her money on paperback novels and donuts. In 2009 she earned $14.00 per hour, the price of a paperback novel was $7.00, and the price of a donut was $2.00.

1: Which of the following give the nominal value of a variable? Check all that apply.
A) The price of a donut is $2.00 in 2009.
B) Rina's wage is $14.00 per hour in 2009.
C) Rina's wage is 2 paperback novels per hour in 2009.
Business
1 answer:
mylen [45]3 years ago
7 0

Answer:

A) The price of a donut is $2.00 in 2009.

B) Rina's wage is $14.00 per hour in 2009.

Explanation:

The nominal value of a variable is its monetary amount, in this case, in dollars which is susceptible to currency fluctuations and inflation. Therefore, statements A and B present the nominal value of a variable.

When valuing a variable as an exchange for another good, that is assigning a real value to that variable since monetary changes won't affect the relationship between two goods.

The answers are A) and B)

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My name is Ann [436]

not understand question sry

7 0
1 year ago
Amy, a single individual and sole shareholder of Brown Corporation, sold all of the Brown stock for $30,000. The stock basis was
emmasim [6.3K]

Answer:

A) a $50,000 ordinary loss and $70,000 LTCL

Explanation:

given data

Brown stock = $30,000

stock basis = $150,000

time = 3 year

solution

we know that here stock is Section 1244 stock and original owner is Amy

so

first loss is for single individuals is = $50000

and this loss is treated as a ordinary loss LTCL because stock held more than 12 month

remaining amount = 70000

and we know it take here time 3 year

so total loss realized is

total loss realized  $50000 + $70000

total loss realized = $120000

so correct option is A) a $50,000 ordinary loss and $70,000 LTCL

7 0
3 years ago
The exchange rate between the British pound and the U.S. dollar is 2. In England, the price level is 1.0 and the one-year intere
kifflom [539]

Answer:

C) 1.6

Explanation:

The real exchange rate is calculated by multiplying the nominal exchange rate by the price level of the countries:

nominal exchange rate = 2 US dollars per British pound = $2/£

real exchange rate = $2/£ x (US price level / British price level) = $2/£ x 0.8 = $1.6/£

8 0
3 years ago
The following information is related to Alpha Company:
yan [13]

Answer:

c. $5.1 per hour.

Explanation:

Estimated Manufacturing overhead = $249,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $249,000 / 50,000

Predetermined overhead Rate = $4.98

The given is inconsistent with the options given in this question. A similar question is attached with this answer. The following answer is made according to the attached question. please find that.

Estimated Manufacturing overhead = $254,000

Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $254,000 / 50,000

Predetermined overhead Rate = $5.08 = $5.1 per hour

3 0
3 years ago
Given that they often competen t powerful companies, it is imperative that entrepreneurs:
Step2247 [10]

Answer:

Use strong judicial tools as patents and copyrights. Be flexible to enter the market. Understand that is more expensive to acquire a new client that to maintainn and excisting one.

Explanation:

The powerfull companies can make a product or service look bad (sabotage) or can change its prices to eliminate possible competitors from the market, they also have a huge share of the market so there are not many avilable new clients to gain.

3 0
3 years ago
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