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4 years ago

An example of the time-management strategy of using wait-time is

1 answer:

5 0

An example of this would be completing your assignment while you ride the train, or bringing your assignment with you while you wait at the doctors office for your appointment

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Dollar bills in the modern economy serve as money because

aleksandr82 [10.1K]

Answer:

The correct answer is option C.

Explanation:

Dollar bills in the modern economy will be used as money because they serve as a medium of exchange, store of value, and unit of account. They have no independent value as a commodity apart from these uses.

This makes the exchange function of money easier. People will not hoard dollar bills for other purposes as it has no intrinsic value on its own. It is just a piece of paper.

6 0

3 years ago

When external costs are present, Group of answer choices democratic political decision-making can be counted on to improve the e

MaRussiya [10]

Answer:

The correct answer is the first option: Democratic political decision-making can be counted on to improve the efficiency or resource allocation.

Explanation:

To begin with, in the microeconomics theory, when there are external costs it means that people external to the transaction or situation are being involved in it and therefore that they are getting costs for that particular situation that they did not asked for it. That is why that according to the microeconomics theory when there are external situations to the market, this last one may sometimes not be able to efficiently allocate every resource to everybody and it is in that time when the government as a public state must entry in order to try its best to find the efficiency in the distribution of the limited resources.

3 0

4 years ago

Suppose the actual price for good a is $20. john is willing to pay $30, susie is willing to pay $28, joseph is willing to pay $2

victus00 [196]

Answer: Total consumer surplus is $27

We calculate Consumer Surplus as follows:

$Consumer Surplus = Amount consumer is willing to pay - Price of the product$

We calculate Consumer Surplus for each person

Person Price Willing Actual Price Consumer Surplus

John 30 20 $30 - 20 = 10$

Susie 28 20 $28 - 20 = 08$

Joseph 25 20 $25 - 20 = 05$

Jessica 23 20 $23 - 20 = 03$

<u>Jeremy 21 20 $21 - 20 = 01$ </u>

<u>Total Consumer Surplus 27 </u>

7 0

4 years ago

Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b

MakcuM [25]

Answer:

they need to limit the material and labor costs to $22.75

Explanation:

given data

combined promotion = $3 million

contribution margin ratio = 35%

Selling price = $35 per unit

to find out

what would they need to limit the material and labor costs to

solution

we get here Contribution margin per unit that is express as

Contribution margin per unit = $35 × 35%

Contribution margin per unit = $12.25 per unit

and Variable cost will be

Variable cost = $35 - $12.25

Variable cost = $22.75 per unit

and we know Variable cost is also express as

Variable cost = Direct materials costs + Direct labor costs + Direct factory overheads ..............1

here direct factory overheads is 0 and Direct materials costs + Direct labor costs is $22.75

so put in equation 1

Variable cost = $22.75 + 0 = $22.75

so we can say that they need to limit the material and labor costs to $22.75

8 0

3 years ago

On the basis of the information, and assuming trade occurs between the three states, we can expect Multiple Choice Washington to

Goshia [24]

Answer: Washington to exchange apples with Texas and receive money in return.

Explanation:

The picture relating to the question has been attached.

From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.

If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.

7 0

4 years ago