Answer:
3%
Explanation:
Increase in money supply ($ billion) = Increase in reserves / Reserve ratio
Increase in money supply ($ billion) = 150 / 0.1
Increase in money supply ($ billion) = 1,500
Increase in price level = (Increase in money supply / 100) * 0.2
Increase in price level = (1,500/100) * 0.2
Increase in price level = 3%
Answer:
$500
Explanation:
COGS or the cost of goods sold is the total cost of all goods sold in a period. It is the direct cost of productions and include direct labor costs, direct materials, and direct overhead costs.
In this case, The average cost of goods sold per unit is $12.50. The business sells to 40 customers. The totals cost of goods sold or the COGS will be
=$12.50 x 40
=$500
since he has to pay it 2 times a year, it should be divided by 6. so 84/6=14
Answer: C. $14
Mary has the competitive advantage for chairs and lamps.
Absolute comparative advantage is the ability to produce something more efficiently than someone else..
