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2 years ago

In the united states today, what gives money its value?

Business

2 answers:

BigorU [14]2 years ago

8 0

The value of any money is determined by supplys and demands and the supplys and demands for other goods in the economy

Elina [12.6K]2 years ago

5 0

The value of any good is determined by its supply and demand and the supply and demand for other goods in the economy. A price for any good is the amount of money it takes to get that good. Inflation occurs when the price of goods increases—in other words when money becomes less valuable relative to those other goods.

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The ________ states that the opportunity cost of producing a good always rises as one produces more of it. group of answer choic

quester [9]

The law of increasing relative cost states that the opportunity cost of producing a good always rises as one produces more of it.

According to the law of increasing costs, production eventually loses efficiency as it grows. The labor expenses for each additional item will increase, for instance, if increased production requires overtime work from your workforce.

Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists often refers to opportunity cost. Cost is frequently mentioned in conversations or on the news.

According to the law of increasing opportunity cost, the cost of manufacturing the next unit rises as you keep up with the production of a given good.

Find more about opportunity cost

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6 0

1 year ago

Suppose buyers of fountain drinks are required to send $0.50 to the government for every fountain drink they buy. Further, suppo

Mekhanik [1.2K]

Answer:

d. All of the above are correct.

Explanation:

a. This tax causes the demand curve for fountain drinks to shift downward by $0.50 at each quantity.

b. The price paid by buyers is $0.30 per drink more than it was before the tax.

This is true as the difference between $0.50 and $0.20 is $0.30. The price paid by buyers is indeed $0.30 per drink more than it was before the tax.

c. Forty percent of the burden of the tax falls on the sellers.

This is true as $0.20 of $0.50 is 40% and this tax burden falls on the sellers.

8 0

3 years ago

How can you know if it's a good time to start your business?

Sonbull [250]

Answer:

The good time to start your business is when When the economy is strong

Explanation:

Beginning a business is like starting a relationship; the appropriate time to establish a business is the point at which you have the opportunity to give your consideration about the business. The best time for beginning a company should not be affected by one’s age.

Individuals of all ages can start a business, and you might be astounded to realize that most entrepreneurs in the US are more seasoned; 51% of proprietors of independent companies have many years of operations and still successful.

6 0

3 years ago

Whats the difference between financial planning and financial goals

defon

Answer:

Financial Goals are the personal objectives that you want to achieve by setting up how to save and spend money. Examples like saving money to buy a house, saving for retirement, starting a business, paying off student debts, etc.

Financial Planning is to evaluate your current financial condition and create a plan to keep you on tract on achieving your goal. You'll need to address current savings, investments, taxes, insurances and consider any future income needs, vacations, etc. anything that will affect you financially.

Explanation:

5 0

3 years ago

The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departmen

ExtremeBDS [4]

Answer:

Direct cost for Apparel Department

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

Total 134,000

Direct cost for Evendale Store

Apparel Department cost of sales—Evendale Store $116,100

Store manager’s salary—Evendale Store $18,300

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

Janitorial costs—Evendale Store $13,700

Total 166,000

Apparel Direct cost which are also variable

(change as object cost increase)

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

Total 124,050

Explanation:

a) we should consider which cost are directly linked into Apparel department only.

b) here we have to determinate cost directly linked into Evendale Store

c) While in this case, besides looking for cost linked to Apparel department, they also need to be variable thus, changing with the object cost.

5 0

3 years ago