Answer:
620,000 pounds
Explanation:
The computation of the number of pounds required raw material purchased in Jan is shown below:
Pounds of raw materials purchased is
= Pounds of material required for production + Desired Ending Inventory - Beginning Inventory
= 530,000 pounds + 140,000 pounds - 50,000 pounds
= 620,000 pounds
Hence, the number of pounds to be purchased is 620,000 pounds
Answer:
a double coincidence of wants
Money provides a measuring stick with which to express relative values of goods and services, simplifying comparisons.
Money eliminates the need to find trading partners who happen to possess what you want and want what you possess.
Money enables you to specialize in tasks you're good at, knowing you can earn the money needed to buy the products of other individuals, skilled in different tasks
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans.
Without money, you would have to find someone that has jeans and wants to sell it and also wants what you have. This is known as double coincidence of wants
2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans
3. Store of value : money can retain its value over the long term, this it can be used as a store of value
Answer:
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I believe this is going to Marx since he was a communist while Keynes was just a Liberal.
<span>A new medication for schizophrenia appears to work because it blocks dopamine from binding to a receptor. The new medication functions as <u>dopamine antagonist.
</u>This is because it prevents it from doing what it is supposed to do naturally, and it acts just an antagonist would in a novel, while trying to thwart the protagonist's plans. It cannot be a dopamine production inhibitor because dopamine is still produced - it is just not allowed to bind to a receptor.<u>
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