When you pay $10 for chicken you ordered for dinner, you are using money as a(n) Group of answer choices store of value. investment good. unit of account. medium of exchange.
Q: Anne made an investment of P8,000,000.00 and earns a yearly gross income of P5,000,000.00. The…
A: Opportunity cost is the cost of sacrifice that an investor has to bear for leaving/not accepting the…
Q: Consider a competitive industry with a market demand curve of P = 121 – Q, where P is market price…
A: In a perfectly competitive industry, there are large numbers of firms and firms are price takers,…
Q: Explain the term price elasticity of demand? How is it measured? If the price elasticity is -3 and…
A: Price elasticity of demand describes the correlation between changes in a product's quantity…
Q: Why does market concentration measures fail to accurately assess the industry market power?
A: Market concentration within a market is examined using data on the number of firms that manufacture…
Q: Questiona The "too big to fail" mentality leads to: Excessively risky behavior on part of large…
A: Too big to fall mentality states that the collapse of a business or sector will result to a…
Q: The price demand and profit functions for selling x items of a newly introduced perfume are given by…
A: Given information: p(x) = 50x - 100 - (1000 / x2) -------> demand equation P(x) = 30x2 - 20x +…
Q: Ignoring rationing problems and black markets, under rent control (or any price ceiling that…
A: Marginal Cost refers to the extra cost of producing an additional unit of the good. When price is…
Q: Suppose for Home: Ms=2874, Md/P=7335-70082*R, P=2 Suppose for Foreign:Ms=2306, Md/P=8082-79063*R,…
A: Home:Ms = 2874MdP = 7335 - 70082 × RP = 2Foreign:Ms* = 2306Md*P* = 8082 - 79063 × R*P* = 4
Q: Consider a consumer with well-behaved preferences and an income of $160. The price of good 1 is $12…
A: Opportunity cost is a kind of implicit cost which considers the value of sacrifice that is done in…
Q: Each firm in the following table operates in a market of perfect competition and wants to maximize…
A: In perfect competition , The profit maximizing quantity is where P = MC. Profit is the excess of…
Q: Calculate the requested piece of information using the following information- show your…
A: Given information: Population is 250,000,000 The participation rate is 50% Employed people is…
Q: The biological relationship between the growth for the fish population and the size of the fish…
A: given that, fish population in size, g = 15S(1 - S/5) where g is the growth of the fish population…
Q: C: The Battle for Ritzy Cinema II - this time, it's personnel Patrons at the Ritzy cinema can either…
A: Ritzy has two different inputs to sell their ticket - Machine & Labor Original Wage for labor =…
Q: 3. Suppose a firm's total cost curve is TC= 10Q² + 6Q+ 60, and MC=20Q + 6. 1. Find expressions for…
A: A firm faces two types of costs which are fixed and variable costs. Fixed cost is not dependent on…
Q: The monopolistically competitive firm sells OA. a homogeneous; a downward-sloping B. a…
A: In monopoly , There exists a single seller. But in monopolistic competition , There exists large…
Q: Trick and Gear are the only two producers of flying brooms. They colluded together illegally to…
A:
Q: Using the details listed below, respond to questions 1 and 2. Okun's Law, which outlines the…
A: According to Okun’s law, there is a definite correlation between GDP growth and unemployment. Okun…
Q: b) What is the Dominant strategy of ADM? c) What is the Dominant strategy of Ajinomoto? e) If…
A: Dominant strategy is the strategy which will not change when the opponent hanges it's strategy.…
Q: Money is not used in government policy but in private businesses. Select one: O True False
A: Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium…
Q: Give typed explanation only The difference between the present worth of the cash flows is referred…
A: Cash flows refers to the inflow or the outflow of the cash from either a project or different other…
Q: Transference Wage as posited by Sir Arthur Lewis is: a. Subsistence Wage with a large premium…
A: Sir Arthur Lewis draw on the idea of how unlimited labour supply was available at subsistence wages…
Q: A perfectly competitive market has Question 9 options: a) many buyers and sellers in the…
A: Ans. A perfectly competitive market is a market where 1) Large Number of buyers and sellers…
Q: Q22 Revocable L/C is available to international trade under UCP 600. Answer
A: In the international trading the letters of credit will be used for the risk minimization in global…
Q: 14.) The Department of Public Works and Highways (DPWH) is considering the construction of a new…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: 3- Sam, Ram, and Cam all like only Apples and Oranges. Sam's utility is of the form U = √A.O; Ram's…
A:
Q: Suppose instead that the firms in Problem 9 (photo) compete by setting quantities rather than…
A: Under monopolistic competition, firms practice product differentiation to earn profit in a market…
Q: Players 1 and 2 work together to produce an output with value X X= 12e1 +9e2 where e; is the effort…
A:
Q: A high-tech material handling system was offered by a supplier to a large automobile manufacturer.…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: 7. Risk aversion. Suppose that you took part in a lottery that had a chance to increase, decrease,…
A: Given information Utility function U=I^0.7 Probability of original income $500=0.5 Probability of an…
Q: In the following demand and cost functions & is selling ponce at Q is quantity in the Thousars P =…
A: Profit is maximized at the level where marginal revenue and marginal cost are equal. This is the…
Q: Question 5 How much money would be accumulated 17 years from now from deposits of $16,000 per year…
A: The interest rate is the sum a bank charges a borrower and is a percentage of the principal of the…
Q: A simple regression analysis to estimate the demand for Chick-fil-A’s new premium super-sized spicy…
A: The technique where the effect of the independent variable on the dependent variable is measured is…
Q: Q19 Sales Contract (for international trade) is a sort of master agreement for continued…
A: An international sales contract refers to an agreement between a seller and a buyer that identifies…
Q: A decrease in government purchases of $17 billion leads to an initial $10.2 billion decrease in…
A: Government purchases are federal, state, and local government expenditures on products and services.…
Q: Discuss the meaning of Zakat, its legitimacy on economic perspective
A: Zakat is a financial term related to Islam that refers to a type of tax that a Muslim person has to…
Q: The biological relationship between the growth for the fish population and the size of the fish…
A: Given g=15S(1-S5) b=3ES Market Price, P=$100 Marginal Cost of effort (MC) = $50
Q: 5. Assuming the same wages and technology as before - how much does it cost the firm to produce q =…
A: ISO-Quant: Iso -Quant shows different combination of capital and labour such that each combination…
Q: Milliken uses a digitally controlled dyer for placing intricate and integrated patterns on…
A: Given, Initial Cost : $375,000n=8 yearsSalvage Value : $27,000Increased before tax cashflow :…
Q: Vhee Ayar lives alone in a computer lab where it spends 10 hours per day producing spurious orside…
A:
Q: Ellie spends £20 on Energy drink (E) and Juice (J). Her preferences for these goods can be described…
A: Given, Utility Function:U(E,J)=2E+J2-J Marginal Utilities: MUE=2MUJ=2J-1 Price: PE=1.6PJ=4 Total…
Q: Which of the following conditions is most likely essential for implementing a successful market-…
A: Pricing strategy is important in every business. Firms set pricing in such a way that the price…
Q: What is br in this equation
A: The investment function shows the relationship between the interest rate and the amount of…
Q: Section one-theory A: Key concepts 1. What is the difference between production in the short- and…
A: Production Function: Production function represents a relationship between the input and output. It…
Q: What are the 4 main things that can cause aggregate demand to shift?
A: Aggregate demand refers to the total demand for goods and services in the economy by all the…
Q: What is the opportunity cost (amount & item) of increasing production from 27,000 tons of coffee to…
A: Opportunity cost refers to the foregone Opportunity by producing or consuming something else. Since…
Q: Which of the following statements is right? The marginal cost curve is the inverse shape of the…
A: Average Total Cost or ATC: ATC tend to be shaped like a Nike swoosh. At first is falls because of…
Q: TC (q) = 468q+50q² P-1300-2Q MC (q) = 468 +100q MR = 1100 The functions below can pertain to a…
A: In a perfectly competitive market, The firm will produce where Price is equal to the Marginal cost.…
Q: Scooter's Scooters is a large American manufacturer of electric scooters operating out of Fort…
A: Economies of scale is when the increase in output decreases the average total cost. Diseconomies of…
Q: The subprime mortgage crisis of the mid 2000s in the USA was a result of ... a. Increasing…
A: Subprime mortgages refers to the mortgages to borrowers that would not qualify for prime mortgages…
Q: The tourist industry is very much interested in understanding how tourists spend money. In order to…
A: CPI (Consumer Price Index) is used as a measure of inflation. It measures the change in prices of a…
When you pay $10 for chicken you ordered for dinner, you are using money as a(n)
Group of answer choices
store of value.
investment good.
unit of account.
medium of exchange.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Dena won $200 in the lottery. She deposits her $200 winnings into a money market fund so that she can use the money next year to help her pay her tuition. This is an example of money serving as a(n) Group of answer choices unit of account. investment good. store of value. medium of exchange.Increases in usage of debit, credit and smart cards all temporarily increase the quantity of money in the economy. True False. Type out the correct answer asap with proper explanation of it. Why true n why false Thank uIdentify issues that associate either Trustwortiness in E Banking/E wallet, Your essei should explain trust issue that arise when using E Banking/E wallet, factors that influence customer trust and how to overcome trust issues in E Banking/E wallet. Your essei should be hand wrinting 250 words only 1 pages
- An agent (a financial institution or individual financial investor) that has agreed to deliver a specific asset (as yet unpossessed) to another party at a future date has:A. taken a long position.B. hedged against risk.C. entered a forward transactionD. taken a short positionE. bought an option.[item no.20] (Multiple Choice) Which among the following is an indication of a global city? a. Presence of banksb. Presence of financial centersc. Presence of quasi-banksd. Proliferation of marketNo written by hand solution If the interest rate decreases, the opportunity cost of holding money __________, and the quantity demanded of money __________. Group of answer choices does not change; does not change decreases; increases increases; decreases increases; also increases decreases; also decreases
- Suppose Charles would like to invest $7,000 of his savings. NOTE: the dropdown choice for first question is (debt ot equity), the dropdown choice for the second question is ( [an IOU or promise to pay from] OR a claim to partial ownership in), the dropdown choice for the third question is (charles and the other stockholders or the bondholders), the dropdown choice for the LAST one is higher or lower)Sam is looking to purchase his first multi-family investment property. If you were Sam's agent, what risks about real estate would you explain to him? Real estate is an illiquid asset that cannot easily be sold. There are no risks associated with real estate investing. Real estate has historically been used as a tax shelter. Real estate appreciates in value.Suppose Tyler decides to use $10,000 currently held as savings to make a financial investment. One method of making a financial investment is the purchase of stock or bonds from a private company. Suppose Warm Breeze, a cloud computing firm, is selling bonds to raise money for a new lab. This practice is called finance. Buying a bond issued by Warm Breeze would give Tyler the firm. In the event that Warm Breeze runs into financial difficulty, will be paid first. Suppose instead Tyler chooses to buy 250 shares of Warm Breeze stock. Which of the following statements are correct? Check all that apply. Expectations of a recession that will reduce economywide corporate profits will likely cause the value of Tyler's shares to decline. The Dow Jones Industrial Average is an example of a stock exchange where he can purchase Warm Breeze stock. An increase in the perceived profitability of Warm Breeze will likely cause the value of Tyler's shares to rise. Alternatively, Tyler could undertake…
- Asma has a credit card account with Bank Muscat. The bank is considering whether to raise Asma’s credit card interest rate. Asma can respond by moving to National bank of Oman (NBO) or do nothing. If Bank Muscat raises Asma’s interest rate and Asma does nothing, then Bank Muscat increases profit by 300 OMR while Asma receives -300 OMR. If Bank Muscat raises Asma’s interest rate and Asma transfers her account to NBO then Bank Muscat receives -150 and Asma receives 100 OMR. If Bank Muscat does nothing and Asma does nothing, then both gets 0 OMR. If Bank Muscat does nothing and Asma transfer her account to NBO then Bank Muscat receives -150 while Asma receives -75 OMR. Draw the game with the help of a tree chart. If you are a bank manager of the Bank Muscat, then what is the best strategy for you. What is the best strategy if you are helping Asma with her decision?Select all of the following that are true regarding hedging: A. Hedging is risk mitigation through diversification. B. Hedging is the same as arbitirage since it acts in across markets C. Hedging increases the returns of an investment D. Buying an risky investment is an example of hedging Detailedly Explanation Please, Thank you!Veronica's income is $4,000 a month. She deposits $800 in a saving account, buys $300 worth of government securities, and leaves the rest for daily transactions. Veronica's transaction money demand is Group of answer choices $2,900. $3,200. $3,700. $5,100.