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SOVA2 [1]
3 years ago
11

The u.s. penny is made primarily of zinc. there have been several times in recent years when zinc prices have been high and it h

as cost the u.s. treasury more than one cent to manufacture a penny. there are currently about 1.4 billion pennies in circulation. economist​ françois velde of the federal reserve bank of chicago has proposed making the current penny worth 5 cents.
Business
1 answer:
Juliette [100K]3 years ago
5 0

Answer:

The effect of this proposal would cause <u>AN INCREASE IN</u> the value of M1.

Explanation:

M1 includes the value of all coins and bills in circulation + checking accounts + N.O.W. accounts (negotiable order of withdraw) + travelers' checks.

Currently the value of all pennies in circulation = 1.4 billion x $0.01 = $14 million. If their value is increased to 5 cents, then $14 million x 5 = $70 million.

$70 million is a lot of money for a person or a business, but  for the economy it is not really a significant amount so its impact would be really small.

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motors are packaged for sale in a certain warehouse. The motors sell for $100 each, but a double-your-money-back guarantee is in
ss7ja [257]

Answer:

$840

Explanation:

the question misses an important detail, number of motors.

I used 10 as the total number of cars. from the solution i believe you would be able to solve any other problem of this sort yourself.

n = 10

p = 1-probability of any 1 motor being defective

= 1-0.08

= 0.92

going further in solving this problem, i will use the binomial distribution

we have expected value as;

Σxp(x)

= $100 x p(of 100) - $100 x p(of losing 100)

= 100(0.92) - 100(0.08)

= 92 - 8

= $84

from here we multiply 84$ by n

remember n =  total number of cars = 10

10 x $84

= <u>$840</u>

6 0
4 years ago
Which of the following activities is NOT part of the 5-S approach?a. Standardize to establish accountability for ongoing cleanin
kozerog [31]

Answer:

b. Shorten the process cycle time

Explanation:

Which of the following activities is NOT part of the 5-S approach?a. Standardize to establish accountability for ongoing cleaning.b. Shorten the process cycle time.c. Sustain the effort through consistent attention.d. Straighten to organize everything.e. Store all spare parts in a centralized location.

4 0
4 years ago
What is the difference between Absolute Advantage and Compartive Advantage?
Kitty [74]

Answer: See explanation

Explanation:

Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.

Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.

3 0
3 years ago
How can a business deal with employees who have lack of focus and future goals ?​
LenKa [72]

Answer:

motivation

Explanation:

Encourage them,make them see vision .

5 0
3 years ago
In the United States today what gives money its value
VMariaS [17]

Answer:

It can give money value today but it reallys depends because if you are trying to say money give us value to help us pay for medicare then yes. In order for us to afford medicare. You need the Goverments support especally if you an need for support or you have someone is need.

Explanation:

4 0
3 years ago
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