Answer:
Transaction demand rises as income or GDp rises and falls as income or DP falls. Also high interest rate causes more to be left as asset, thereby reducing money demand
Explanation:
1. Asset demand for money is money that is kept aside for a person holding it to earn interest on. A high interest rate on money asset reduces the demand for money. This increased rate of interest is the opportunity cost of having money as assets. It has a negative relationship with interest rate of an economy.
2. Transaction money is that which is used for the day to day expenditure. This has a positive relationship with GDP. It increases as income or GDP increases and falls as it falls.
Answer:
The price level doubles.
Explanation:
The market for money is like any other market for goods or services, except that in this specific market, the Fed is a monopoly and everyone else are the consumers. If the demand for money increases, while the supply remains the same, the nominal value of money increases (interest rate increases). This combination of higher demand and higher costs increase the inflation rate which represents the general price level.
The inflation rate basically shows us the difference between the demand for money and the supply of money, and if that difference is two times, then the inflation rate will also double. When the inflation rate ,doubles, it means that the general price level doubles.
Answer:
A)
NuBreed's efforts are an example of the <u>threats of substitute products and services</u> in Porter's model for industry analysis.
Explanation:
Porter's five forces are:
- Threat of New Entrants
- Threat of Substitute Products or Services: a substitute product is an available product from another company that your customers might purchase since they offer similar benefits than your product.
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Competitive Rivalry Among Existing Firms
Can change
Hope this helps :)
Answer:
$1.20 per unit
Explanation:
Given that,
Missing data table is attached with the answer.
Equivalent units for Conversion costs:
= Units completed + Ending work in process
= 22,500 units + (65% × 3,500 units)
= 22,500 units + 2,275 units
= 24,775 units
Total conversion costs:
= Direct labor + Manufacturing Overhead
= $24,000 + $5,730
= $29,730
Cost per equivalent unit for conversion costs:
= Total conversion costs ÷ Equivalent units for Conversion costs
= $29,730 ÷ 24,775 units
= $1.20