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3 years ago

Name any four roles (functions) of money

1 answer:

6 0

Answer:Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

Explanation:

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Consider luxury weekend hotel packages in las vegas. When the price is $250, the quantity demanded is 2,000 packages per week. W

Aleonysh [2.5K]

Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.

Mid point method-

$e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}$ $e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}$

$e=\frac{-300}{1850} } * \frac{265}{30}$

$e= -0.16216*8.8333$

$e= -1.432$

Elasticity of luxury weekend hotel packages in las vegas is -1.432.

5 0

2 years ago

Sarasota Company has a factory machine with a book value of $86,300 and a remaining useful life of 7 years. It can be sold for $

RUDIKE [14]

Answer:

See the explanation for answer

Explanation:

Analysis showing whether the old machine should be retained or replaced is as prepared below:

Retain Replace Net Income

Equipment Equipment Increase(Decrease)

Variable manufacturing costs 43,63,100 32,32,600 11,30,500

New machine costs 0 3,59,000 -3,59,000

Sell old machine 0 -33,500 33,500

Total 43,63,100 35,58,100 8,05,000

The old factory machine should be replaced as there is increase in net income by 805,000 when old machine is replaced.

4 0

3 years ago

Which would most likely shift the aggregate supply curve? a change in the prices of select one:

Delicious77 [7]

The product that would most likely shift the aggregate supply curve is the domestic products. The answer is letter A. The aggregate supply curve shows a relationship that is inverse between the price level and the quantity of real Gross Domestic Product (GDP) purchased. This is because it will increase the future demand.

4 0

3 years ago

The budget for making the movie The Twilight Saga: New Moon was one-fifth the budget for making Harry Potter: The Half Blood Pri

sergey [27]

Answer:

The budget for The Twilight Saga: New Moon = $50 million

Explanation:

Let the budget for Twilight Saga: New Moon = T

Let the budget for Harry Potter: The Half Blood Prince = H

We are given the following:

$T=\frac{1}{5}H$ (The budget for Twilight Saga is one-fifth the budget for Harry Potter)

Cross multiplying the equation

5T = H - - - - (1)

H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)

Next, let us substitute the value of H in equation (2) with equation (1)

(5T) + T = 300,000,000

6T = 300,000,000

$T = \frac{300,000,000}{6} \\T = 50,000,000$

Therefore, the budget for The Twilight Saga: New moon = $50,000,000

And the budget for Harry Potter: The Half Blood Prince = $250,000,000

8 0

2 years ago

When workers are able to augment their stock of human capital, they can expect to?

ankoles [38]

Answer:

(receive higher wages that reflect an increase in their value of marginal product.)

3 0

1 year ago