Answer: 5
Explanation:
The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.
From the information given in the question, the velocity of circulation will be:
= Nominal GDP / Quantity of money
= $2000 / $400
= 5
Therefore, the velocity of circulation is 5.
<u>Answer</u>:
<u>Bette customer service</u>
Explanation:
Remember, competitive advantage focuses even on a single unique characteristics or action that a business does that separates it from its competitors.
In this case it the was the act of making their customers feel convenient even with a wet umbrella. This quality of better customer service is indeed a competitive advantage, if others in the same business do not provide such.
It should be reported as an ordinary<span> gain</span> because the truck is considered as ordinary <span>asset used in the ordinary course of business. The truck was used as service calls apparently used in the normal operation of the company thus the gain on the sale of this asset should be considered </span>as an<span> ordinary gain.</span>
The answers to the question are:
- The machine that is the constraint is the machine c.
- The product m = 80 units and n = 80 units
- Net profit = $3600
<h3>1. How to solve for the constraint of the machine</h3>
We have to solve for the workload of the machines
For A. 20*100 = 2000
For B, 5 * 100 + 10 *80
= 500 + 800 = 1300
For Machine C = 15 * 100 + 15 * 80
= 1500 + 1200
= 2700
The time at the workstation in c is more than the constant time of 2400, hence the constraint that we have is machine c.
b. 2400- 1200 = 1200
The product mix would be 1200/15
= 80
Hence the product mix m = 80 units and that of n = 80 units
<h3>c. The total net profit</h3>
80*$90 = 7200 , 80 * 105 = 8400
7200 + 8400
= 15600
The net profit = 15600 - 12000
= $3600
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John Taylor's thumb rule is based on the notion that in order to assist the economy, it is necessary to produce at potential output, central banks are willing to tolerate <u>Positive rate of inflation</u>.
<h3>The Taylor Rule define as:</h3>
The Taylor Rule is a rule that ties a central bank's policy rate to inflation and economic growth. It was developed in 1993 by economist John Taylor and posits an equilibrium federal funds rate 2% higher than the yearly inflation rate.
<h3>What is rates of inflation?</h3>
Inflation is defined as an increase in the prices of goods and services purchased by households. It is calculated as the rate of change of such prices. Prices usually rise over time, but they can also fall (a situation called deflation).
<h3>Describe central banks: </h3>
A central bank, reserve bank, or monetary authority is an institution that manages a state's or formal monetary union's currency and monetary policy as well as its commercial banking system. In contrast to a commercial bank, a central bank has a monopoly on raising the monetary base.
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