Variable cost remains constant per unit at various levels of activity
Answer:
A) Commercial Transactions for the sale "of sonf" (should be AND) payment of goods.
Explanation:
The Uniform Commercial Code (UCC) was established to create a set of standard laws that can regulate interstate commerce. Since different states had various state laws that regulated commerce, it was difficult for companies to work without problems happening. Since the Constitution gave Congress the power to regulate interstate commerce, they set up the UCC that provides a standard legal framework for all the nation.
Answer:
β of the stock = 1
Explanation:
Given:
α of a stock = 0%
Return on the market index = 16%
Risk-free rate of return = 5%
Required rate = 11% + 5% = 16%
β of the stock = ?
Computation of β of the stock:
Required rate = Risk-free rate of return + [β (Return on the market index - Risk-free rate of return)]
16% = 5% + [β (16% - 5%)]
16% - 5% = β (16% - 5%)
11% = [β (16% - 5%)
11% = [β (11%)
β of the stock = 1
Answer: c. reserves; excess reserves; increase
Explanation: The reserve ratio (cash reserve ratio) is determined by a country's central bank (Federal Reserve in this case) as an important monetary policy tool to increase or decrease the economy's money supply. As such, it is the percentage of a bank's deposits that it must keep in cash as a reserve rather than invest with or lend out.
The reserves in the banking system would remain unchanged when the Fed lowers the required reserve ratio. However, the excess reserve (funds that a bank keeps back beyond what is required by regulation) would rise that would in most instances, lead to an increase in the money supply (due to increases in new loans and checkable deposits).
<span>In the short run firms cannot exit the market. With a perfectly competitive market, each firm has to take the price as given and can sell as much as it wants at the given price, i.e. MR=P. Each firm maximizes profits by producing the quantity where its marginal revenue equals its marginal cost, i.e. MR=MC=P. Therefore the marginal cost curve is the short run supply curve of the firm. </span>
