1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eduardwww [97]
3 years ago
5

Maria spends all of her money on paperback novels and beignets. In 2011 she earned $27.00 per hour, the price of a paperback nov

el was $9.00, and the price of a beignet was $3.00.
1. Which of the following give the nominal value of a variable?
Check all that apply.
O The price of a beignet is $3.00 in 2011.
O Maria's wage is $27.00 per hour in 2011.
O The price of a beignet is 0.33 paperback novels in 2011.
2. Which of the following give the real value of a variable?
Check all that apply.
O The price of a paperback novel is 3 beignets in 2011.
O Maria's wage is 9 beignets per hour in 2011.
O The price of a paperback novel is $9.00 in 2011.
3. Suppose that the Fed sharply increases the money supply between 2011 and 2016. In 2016, Maria's wage has risen to $54.00 per hour. The price of a paperback novel is $18.00 and the price of a beignet is $6.00. In 2016, the relative price of a paperback novel is ______(6$, 18$, 3 Beignets, .33 Beignets)________.
4. Between 2011 and 2016, the nominal value of Maria's wage ______ (increases/decreases/remains the same)____ and the real value of her wage______ (increases/decreases/reamins the same)_______.
Business
1 answer:
marishachu [46]3 years ago
6 0

Answer:

1.  The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011.

2. The price of a paperback novel is 3 beignets in 2011 and Maria's wage is 9 beignets per hour in 2011.

3. 3 Beignets

4. increases and remains the same

Explanation:

1.  Nominal value is the value of a product based on the money of the day that we see. The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011 are the values of the product and wage quoting the money of the day.

2. The real value of a varaible is the value in terms of the value of some other goods. In this case Paperback and Maria's wage are valued in terms of beignets.

3. The relative price of paperback is valued in terms of beignets. So if a beignet costs $6 and a paperback novel is $18. The relative price of a paperback novel will be three times the cost of beignet, since a beignet costs $6.

4. Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

You might be interested in
You wish to make a deposit and have these bills: 11 ones, 4 fives, 4 tens, and 4 twenties. You also have 6 nickels, 12 dimes, an
Bad White [126]

Answer:

$264.00

Explanation:

Calculation to determine What will you enter on the NET DEPOSIT line

First step is to calculate the Total deposit checks

Total deposit checks = $72.50 +$65.25

Total deposit checks= $137.75

Second step is to add up the amount she has in the account.

6 ones = $11

4 fives = $20

4 tens = $40

4 twenties = $80

6 nickels = $0.30

12 dimes = $1.20

15 quarters = $4.00

Total 156.5

Now let calculate What will you enter on the NET DEPOSIT line

NET DEPOSIT line=($137.75+156.5)

NET DEPOSIT line=$294.25

NET DEPOSIT line=$294.00

Therefore What will you enter on the NET DEPOSIT line is $294.00

5 0
2 years ago
Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services re
joja [24]

Answer:

a) true

Explanation:

A rise in the general price level is called inflation and it affects the nominal value of the company's output. E.g. you sell pants and last year they sold at $10 and now since inflation rate is 10%, they sell at $11. But inflation only affects nominal values, it doesn't affect real values which are calculated using a base price of a certain year X, times the quantity sold. Following the example, your real output would not be $11 per pair of pants, instead it would still remain at $10 since the inflation is discounted.

5 0
3 years ago
Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.. . a. if the price
zimovet [89]
 Using formula: Marginal Utility=Change in Total Utility/Change in Quantity
<span>So, the marginal utility of each good will be 30/$2, or 15/$1.
Multiply this marginal utility by the price of each good/service to obtain the marginal utility per unit of good.</span>
<span>Since marginal utility of good A is given then by using this formula the the marginal utility of good B is 60 , MU of good C is 45 and MU of good D is 15</span>

7 0
3 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
Xelga [282]

Answer:

$13,640 Unfavorable

Explanation:

Data provided

Actual hours = 2,600

Standard hours = 6.0

Standard variable overhead rate = $12.40

The computation of variable overhead efficiency variance is shown below:-

Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate

= (2,600 - (250 × 6.0)) × $12.40

= (2,600 - 1,500) × $12.40

= 1,100 × $12.40

= $13,640 Unfavorable

Therefore for computing variable overhead efficiency variance we simply applied the above formula.

7 0
3 years ago
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $274,817.00 w
ella [17]

Answer:

$17,863.11

Explanation:

The carrying amount or net book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation. When an asset is disposed, this carrying amount has to be derecognized and the proceed from the sale recognized. The difference between these two amounts is the gain/loss on disposal.

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

Carrying amount = $274,817.00 - $261,076.15.

= $13,740.85

Gain/(loss) on disposal

= $31,603.96 - $13,740.85

= $17,863.11

4 0
3 years ago
Other questions:
  • Which of the following are considered in determining a fair and reasonable price in a municipal agency transaction?
    13·1 answer
  • ABC Ltd (ABC) engaged the accounting firm of Ace &amp; King to perform its annual audit. Ace amp; King performed the audit in a
    11·1 answer
  • An immediate order to buy or sell common stock at the best price is a:
    11·1 answer
  • Up-Town Express processed 89,233 packages this month. If this is 36.5% less than last month, how many packages did they process
    6·1 answer
  • Prebankruptcy counseling includes all of the following except:
    6·1 answer
  • Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to pr
    12·1 answer
  • On March 1, 2018, Gold Examiner receives $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold ba
    11·1 answer
  • Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no c
    11·1 answer
  • Privacy laws include governing: agreements about supply and delivery of goods. agreements about supply and delivery of goods. en
    6·1 answer
  • Select the correct answer.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!