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Arada [10]
3 years ago
11

2. Explain the role of required & excess reserves in the banks approach to the making of loans to the consumer & busines

s.
Business
1 answer:
pav-90 [236]3 years ago
6 0

Answer:

Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply.

Explanation:

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uppose that Rowan, Inc. builds a high-speed, magnetically powered transportation system from New York to Los Angeles, which is t
IrinaVladis [17]

Answer: b. increasing returns to scale.

Explanation:

With the high capital costs having enabled decreasing average costs for any conceivable level of demand, the company would be making an increasing returns to scale which means that it would be making more return per capital spent.

This will create a natural monopoly because the company will be more efficient in this particular industry and if another company tried to come in, they would have to spend a lot of money to get to a point of increasing returns to scale.

5 0
3 years ago
Suppose the supply function for x units of a product at a price of p dollars is given by p=10+5ln(3x+1). How many units of this
Dovator [93]

Answer:

x = 993.32

Explanation:

Given:

p=10+5ln(3x+1) , where p = $50

50 = 10 + 5ln(3x+1)

50-10 = 5ln(3x+1)

40 = 5ln(3x+1)

40/5 = ln(3x+1)

8 = ln(3x+1)

3x + 1 = e^{8}

Using calculator e^{8} = 2,980.96

3x + 1 = 2,980.96

3x = 2,980.96 - 1

3x = 2,979.96

x = 2,979.96 / 3

x = 993.32

Therefore, 993.32 units would be supplied.

8 0
3 years ago
If nominal wages fall which of the following will occur in the short run? The SRAS curve will shift to the right The SRAS curve
bixtya [17]

Answer:

The SRAS curve will shift to the right.

Explanation:

A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.  

This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.

7 0
3 years ago
An entrepreneur would most likely be a
Alexus [3.1K]

Answer:

C) person who works well alone

Explanation:

5 0
3 years ago
Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of
Furkat [3]

Answer:

Emma Burnley has a wide span of control

Explanation:

Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.

In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control

Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.

7 0
2 years ago
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