Answer:
Option (a) is correct.
Explanation:
The federal reserve is the central bank of United States. It is responsible for all the changes occured in a nation's monetary policy and it regulates all the banks operates in a nation.
Federal reserve uses various monetary policy tools to control the money supply in an economy. Some of the tools are as follows:
(i) Cash reserve ratio (CRR)
(ii) Statutory liquidity ratio
(iii) Open market operations(OMO)
(iv) Repo rate
(v) Reverse repo rate
(vi) Bank rate
Functions of Fed:
(i) Regulation of financial institutions
(ii) Banker's bank
(iii) A lender of last resort
(iv) Implement monetary policy
Answer:
a. Advertising costs relative to the number of customers for a particular restaurant. [Fixed]
b. Rental costs relative to the number of restaurants. [Variable]
c. Cooks salaries at a particular location relative to the number of customers. [Fixed]
d. Cost of supplies (cups, plates, spoons, etc.) relative to the number of customers. [Variable]
e. Manager's compensation relative to the number of customers. [Mixed]
f. Servers' salaries relative to the number of restaurants. [Variable]
Explanation:
B. To provide law and order
The difference between an inventor and an entrepreneur is that, an inventor develops new services and goods but he does not have them to the market. An entrepreneur risks resources may it be human, capital or natural in order to bring to the market improved and new products.
The risk which is incurred between entrepreneur and inventor is that, entrepreneur undergoes huge financial risks because a lot of money is being invested while inventor has low financial risk since there is no big investment which is being required.
