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3 years ago

IN YOUR OWN WORDS PLEASE!!!!!!!!!!!!!!!!!!! WILL MARK YOU BRAINLIEST

1 answer:

6 0

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

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The amount that consumers are willing to pay for the quota limit quantity is the:_________

OLga [1]

The amount that consumers are willing to pay for the quota-limited quantity is the demand price. The policy of reducing quantity is known as a quota, a restriction imposed by the government on the number of goods bought and sold.

To examine the impact of this quota on individual stakeholders and on the market as a whole, we can calculate the evolution of consumer surplus, producer surplus, and market surplus. Before, the market surplus has not been described before, as this process should take place frequently. Make sure you understand how to find the following values:

Consumer surplus = $3.47 million

Producer surplus = $5.75 million

Market surplus = $8.5 million

After, the post-policy market surplus can be calculated by:

Consumer surplus = $1.2 million

Producer surplus = $5.9 million

Market surplus = $7.1 million

When comparing the market surplus first and the market surplus afterward, note that the impact of a quota is similar to that of a price floor. The key difference is that the government imposes a quantity restriction and the price changes as a by-product, whereas with price restrictions the government imposes a price restriction and the quota quantity changes as a product.

Learn more about quota here:

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6 0

1 year ago

What is the definition of collective bargaining?

sergij07 [2.7K]

It is the the negotiation of wages and other conditions of employment by an organized body of employees.

6 0

3 years ago

Read 2 more answers

Use the following information to calculate for the year ended December 31, 2018

Anastasy [175]

Answer:

a. $13,000

b. $17,000

c. $27,000

Explanation:

a= Net income (loss) = Service revenue - Other operating expenses

Net income (loss) = $25,000 - $12,000

Net income (loss) = $13,000

b. Ending retained earnings = Beginning retained earnings + Net income - Dividends

Ending retained earnings = $5,000 + $13,000 - $1,000

Ending retained earnings = $17,000

c. Total assets = Cash + Accounts receivable + Supplies + Equipment

Total assets = $15,000 + $3,000 + $3,000 + $6,000

Total assets = $27,000

8 0

3 years ago

Hemming uses a periodic inventory system. (a) Determine the costs assigned to ending inventory and to cost of goods sold using F

stepladder [879]

Answer:

(a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

Cost of Inventory 4,900

Cost of goods sold 13850

(b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.

Cost of Inventory 6,300

Cost of goods sold 12450

Sales = 36,000

FIFO

Gross profit Margin = (36000 - 13850) / 36000 = 61.5%

Gross profit Margin = (36000 - 12450) / 36000 = 65.4%

Explanation:

The working is attached in an MS Excel file with this answer. Please find it.

7 0

3 years ago

Stewart, the owner of ABC Construction, agreed with Joan, the owner of XYZ Hotel that he would complete renovations on her upper

Rufina [12.5K]

Answer:

Mitigated damages term

Explanation:

The best defense for Stewarts in this situation is Mitigated damage term. This enables him to reduce his penalty on the breach of contract,

Even though the situation was outside his control , but the contract he signed stipulated that he will pay $50,000/ day of delay in the project which had unfortunately happened.

However , the damages can be reduced or even avoided if he sue for mitigated damage term

6 0

3 years ago