B. Command economy
This is because this is exactly what. Command economy does
Answer:
modify his website and improve his SEO to target those search engines
Explanation:
Based on this information it can be said that, since Jeff knows that he has a large customer population through Google and Bing's search engines then he needs to modify his website and improve his SEO to target those search engines. SEO stands for Search Engine Optimization and is the process of implementing the correct keywords and information in order to appear more often on search engines. This will largely increase the number of individuals that see Jeff's website when searching on Google or Bing.
Answer:
Role of Money in Each Part of the Story:
1. Tim can easily determine that the price of the computer is more than the price of the vacation = Unit of Account
2. Tim has $1,537 in his checking account = Store of value
3. Tim writes a check for $1,299= Medium of Exchange
Explanation:
Money is countable and can be used to value exchanges and calculate profits and losses, income and expenses, and debts and wealth. It can also be stored currently, retrieved at a later date, and exchanged for value in the future without significant loss of value. Money facilitates transactions between parties.
Answer:
a) 20,000
Explanation:
F = 4P + 2C, where P is pounds of plastic and C is pounds of clay. Plastic costs $2 per pound and clay costs $5 per pound.
4P + 2C = 60000 units
Now suppose only plastic is used.
so C=0 and we get 4 P = 40000
i.e P = 10000 pounds of plastic to produce 40000 figurine...
COST = 2 P + 5 C
In this case, its only 2 P
i.e 2 x 10000 = $20000
Now suppose only clay is used.
so P=0 and we get 2 C = 40000
i.e C = 20000 pounds of clay to produce 40000 figurine...
COST = 2 P + 5 C
In this case, its only 5 C
i.e 5 x 20000 = $100000
Hence least cost is $20,000 by using only clay to produce 40,000 figurines
Answer: the time it takes for firms to change all production inputs.(B)
Explanation:
In macroeconomics, the short run is defined as the time horizon when the wages and prices of other inputs to production are inflexible, while the long run is the period of time when input prices have time to adjust.
In the long-run, all factors of production and costs are variable such that firms are able to adjust every costs, whereas, in the short run, the firms only influence prices through the adjustments made to production levels.