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Sauron [17]
3 years ago
6

Identify which cost of inflation—menu costs or shoe-leather costs—is illustrated in each of the scenarios.

Business
1 answer:
olga2289 [7]3 years ago
3 0

Answer:

shoe‑leather costs

. menu cost

Explanation:

Inflation is constant price in general price level

Types of inflation

  1. demand pull inflation
  2. cost push inflation

Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.

Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.

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The competitive market system:
pav-90 [236]

Answer:

B- Encourages innovation because successful innovators are rewarded with economic profits.

Explanation:

The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.

When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>

6 0
3 years ago
The following information is available on a depreciable asset owned by Mutual Savings Bank:___________.
Sati [7]

Answer and Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Purchase cost - residual value) ÷ (Remaining life left)

= ($61,300 - $5,900) ÷ ( 8 - 2)

= $55,400 ÷ 6 years

= $9,233.33

Now for the six months it would be

= $9,233.33 × 6 months ÷ 12 months

= $4,616.67

The asset turnover is the turnover that comes by dividing the revenue from the average of the total assets

Here as per the given option the second option is correct as it correctly represents the asset turnover

8 0
3 years ago
If you have a long position in a foreign currency, you can hedge with:_____.
arlik [135]

In forex trading When someone is holding a long position in a foreign currency, then the person can hedge with a short position in a currency forward contract.

What do we mean by long position in a foreign currency?

Long can be explained as when someone buy with the expectation that the purchase will rise in term of value in the future.

At a long on a currency, one is try to bet the base currency, that it will strengthen compared with the quote currency.

Learn more about foreign currency here;

brainly.com/question/11160294

8 0
2 years ago
Select the sentence where the idea is clearer.
dmitriy555 [2]

Answer:

B. We have every desire and hope of a substantial salary increase.

Explanation:

Prepositions are used along with a noun or a pronoun to indicate a relationship with another word or element in the clause. It makes an idea clearer.

Examples of prepositions are at, for, if, on, in, over, and under.

These are used to describe location time or place. However we should avoid unnecessary use of prepositions.

In this instance the use of for in the following sentence is unnecessary, as 'every desire' is adequate : 'We have every desire for and hope of a substantial salary increase. '

We have every desire and hope of a substantial salary increase. Is a more concise and better option

5 0
3 years ago
Which answer choice correctly identifies and describes the two primary types of capital resources?
Tanya [424]

Answer:

Human capital resource, Financial capital

Explanation:

6 0
3 years ago
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