Answer: does not change real variables.
Explanation:
Monetary Neutrality is the idea that a change in the money stock affects only nominal variables in the economy like wages, prices, and exchange rates, and has no effect on real variables, like real GDP, employment, and real consumption.
When money is neutral and the velocity is stable, a rise in money supply will create a proportional increase in the price level and the nominal output.
Answer:
I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.
Answer:
A credit note is issued to a customer who's been overcharged.
Explanation:
it is a form of refund of the amount overcharged.
Answer:
overapplied
Explanation:
When we say that manufacturing costs were overapplied, it means that at the beginning of the production process the estimated costs were too high. In other words, the budget considered that it would cost more money to produce the goods.
In this case, overhead costs tend to be overestimated and then overapplied because they rely on past data and efficiency can improve, which lowers costs; or the total production output can be lower than estimated, therefore the company incurred in less costs.
Depending on the cause of the actual lower costs it can be good or bad. If the costs were lower due to improved efficiency, then it is very good. But if the costs were lower due to a lower output, then that is not good.
Answer: 20 units.
Explanation:
Given that,
Inverse demand curve: P = 420 - 2Q
There are five firms and each of the firm has a constant marginal cost.
Marginal cost (MC) = 20
Profit maximizing output is produced by the firms is at a point where the marginal cost is equal to marginal revenue.
P = 420 - 2Q
Total revenue(TR) = PQ
= 420Q - 2
Differentiating TR with respect to 'Q'
Marginal revenue(MR) = 420 - 4Q
MR = MC
420 - 4Q = 20
Q = 
Q = 100
Therefore, output produced by the industry is 100 units.
Per-firm production = 
= 
= 20 units
Hence, each firm produces 20 units.
