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Zolol [24]
3 years ago
15

Shen wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati

on is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Shen buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story.
Business
1 answer:
aleksley [76]3 years ago
6 0

Answer:

Money plays the role as a store of value, a medium of exchange, as well as the unit cost of both the computer and vacation.

Explanation:

Money is a generally accepted medium of exchange or as a means of payment for goods ad services. The value of a product or a service is determined by how much money people are willing to pay for it. Hence money is also a determinant of value.

From the question,

Shen has $1537 in his account, this is the store of value he is willing to exchange for either a computer or vacation.

As he cannot afford both, he measures the opportunity cost and chooses the computer over the vacation. his check of $1.299 with which he buys the computer is his medium of exchange with which he purchased the computer.

The costs of both of the vacation and computer is the unit cost of value p;aced on both of them

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Why does the law of increasing opportunity cost occur?
Elena L [17]

Answer:

The correct answer is A and B

Explanation:

Law of increasing the opportunity cost is the principle or the concept which is defined as the company continue to increase the production of one good, the opportunity cost of producing the next unit will increase.

It is as to reallocate the resources in order to produce that one good which was better or best suited to produce the original good.

The law of opportunity cost occur when some of the resources are best suited for some tasks or products instead of others and it will lead to increase in production with increase in the opportunity cost too.

8 0
3 years ago
A middleman is a person who
Alika [10]

Answer:

A

Explanation:

A middleman is a link between a producer and a consumer. Middlemen includes wholesalers and retailers

Some of the functions of middlemen include

1. They provide information to the producers about consumers' tastes

2. they market producers goods and services  

3. Middlemen render financial help to manufacturers.

7 0
3 years ago
1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On Decem
katovenus [111]

Explanation:

According to the accounting cost method , the reissuance of the treasury stock would be credited to the additional paid in capital which represents the remaining amount i.e deduct $120,000 from the $190,000

And, the net income for the year 6 is

= Increase in assets - Increase in liabilities - Increase in capital stock - Increase in additional paid in capital + Dividend payment

= $356,000 - $108,000 - $240,000 - $24,000 + $52,000

= $36,000

7 0
3 years ago
Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 9.6 percent, a YTM of 7.6 percent, and has 13
koban [17]

Answer:Hi

Explanation:Hi

3 0
3 years ago
Which of the following is a difference between flow shops and job shops? a. Unlike flow shops, job shops require little or no se
andrew11 [14]

The difference between flow shops and job shops is that unlike flow shops, job shops require frequent machine changeovers and delays.

<h3>What is a job shop?</h3>

The shops, which specialize and are involved in the manufacturing and production processes, which are typically medium-sized enterprise, and conduct different types of job after the completion of one, are job shops.  

Hence, option C holds true regarding a job shop.

Learn more about a job shop here:

brainly.com/question/15222686

#SPJ1

5 0
2 years ago
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