Answer:
1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.
One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.
2. Nick saved $30 per week. - Store of Value.
Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.
3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.
The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.
Answer:
a. $25
Explanation:
According to the given situation, the computation of deadweight loss of the tax is shown below:-
Deadweight Loss = 1 ÷ 2 × 1 × ($350 - $300) = 1 ÷ 2 × ($50)
Or, Deadweight Loss = 1 ÷ 2 × ($50)
Or, Deadweight Loss = $25
Therefore the correct option is a. $25
We simply considered the above values so that the deadweight loss of the ta could come
Answer:
True
Explanation:
The consumer Price index determines how much variates the prices of the market basket and the inflation is the growth or reduction of the CPI compared between a serie of time.
Answer:
The colorado ranching is not expanding
Explanation:
The null hypothesis, H₀ : μ = 2.7 billion
Alternative hypothesis, Ha : μ > 2.7 billion
n = 30
The observed test statistic,
Degree of freedom = n-1 = 30 -1 = 29
Significance level = 0.05
For the critical value, we check the t - table at 0.05 significance level
Since
, we will accept H₀
That is the mean total cash receipt is 2.7 billion and the colorado ranching is not expanding
Answer: The correct answer is "d. control the direction".
Explanation: Uber need to control the direction because:
a. make the plan - The plan has already been drawn up, is to withdraw from China and Singapore.
b. make the goal - The objective was not met because, despite having executed the plan, there are still losses.
c. define objectives - The objectives have already been defined and is to reduce losses.
d. control the direction - The executed plan is not fulfilling the objectives therefore it is necessary to control the direction of it.
e. carry out the plan - The plan has already been carried out, a year has passed and there are still losses.
