The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally.
Answer:
less than zero
Explanation:
According to the law of demand, an increase in price reflects in a decrease in demad. That is, price and demand are inversely proportional. Since ax is associated with the price of good X, it must be negative to accurately describe that behavior in the demand function.
Thus, ax will be: less than zero.
Answer:
2,845 units
Explanation:
To find the answer you need to consider that the profit is equal to the sales minus the costs.
Let's consider that x is the number of units sold
Sales= Price per unit*number of units sold
Sales= 37x
Variable cost= Cost per unit*number of units sold
Variable cost= 11x
Fixed cost= 18,470
55,498=37x-11x-18,470
55,498+18,470=26x
73,968=26x
x=73,968/26= 2,845
According to this, the answer is that they need to sell 2,845 units to make the desired profit.
Answer:
Explanation:
Authorized shares are the number of shares that a corporation is legally allowed to issue, while outstanding shares have already been issued. Thus, the number of outstanding shares is always equal to or less than the number of authorized shares.
The correct answer is choice C.
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