Before the Lydians introduced coins, trade was conducted through various methods of barter and exchange. Barter is the exchange of goods or services for other goods or services, without using money.
In the ancient world, people would exchange goods such as food, tools, and textiles with each other. For example, a farmer might trade some of his crops for a blacksmith's tools.
This type of exchange was common in many societies, and it allowed people to obtain the goods they needed without using money. In addition to barter, some societies used other forms of exchange. In ancient Egypt, for example, grain was used as a form of currency.
People could exchange grain for other goods or services. In other societies, cowrie shells, beads, and even human skulls were used as currency.
Know more about trade here:
https://brainly.com/question/18561175
#SPJ11
anita knits scarves that she sells on etsy. when she knits 12 scarves a week her total cost is $144, and when she knits 13 scarves a week, her total cost is $169. thus, her marginal cost of knitting the 13th scarf is
Thus, Anita's marginal cost of knitting the 13th scarf is $25.
What is marginal cost?In the field of economics, the marginal cost is the variance in total production costs caused by adding or producing a new unit. The marginal cost is determined by multiplying the variance in production costs by the variation in quantity. A company must understand when it may achieve economies of scale in order to maximize output and overall operations. Marginal cost analysis has this as its objective. Marginal cost, a concept from managerial accounting and economics, is most typically used by manufacturers to establish the ideal output level. At a certain level of output, the benefit of producing one extra unit and making money from that product will cut the line's overall manufacturing costs. The marginal cost incorporates all expenses that alter with that level of production.
Marginal cost= $169-$144 =$25
To learn more about marginal cost, visit:
https://brainly.com/question/23770137
#SPJ4
Can anyone help me think of an advertisement for a product I’m selling which is a drone.
Regardless of the variety of options available, all forms of advertising share two objectives: to influence customers so that they become leads or customers.
How to Influence Customers?
Consumer behavior is influenced by four psychological factors: attitude or set of beliefs, perception, learning, and motivation. Behaving in a manner that offers others the opportunity to change (their behavior, attitudes, thoughts, and ways) and/or accommodate your own wishes is one aspect of influencing skills. However, it is important to recognize that others may be unable to, unwilling to, or unprepared to respond to our request to be influenced. Human behavior is influenced by a variety of factors and characteristics. These are distinctions that are unique to the person with whom you are collaborating. Personality traits.
These are things that affect how a person interacts with other people. Institutional elements. Factors that affect the community and Public policy.
To know more about Influence Customers, visit:
https://brainly.com/question/28101484
#SPJ1
john is walking down the street and is hit in the head by a falling barrel from an upstairs store window. he sees the employee who let the barrel fall. his best claim would be:
John's best claim in this scenario would likely be a negligence claim against the employee who let the barrel fall.
Negligence is a legal concept that refers to a failure to exercise reasonable care, resulting in harm to another person. In this case, if the employee was careless or reckless in allowing the barrel to fall, and as a result John was injured, John would have a strong argument that the employee was negligent. John could then seek compensation for his medical expenses, lost wages, and any other damages that he has suffered as a result of the injury. John's best claim in this scenario would likely be a negligence claim against the employee who let the barrel fall.
Learn more about Negligence :
https://brainly.com/question/29750285
#SPJ4
exxon imports a significant amount of oil from canada. what would happen to exxon's supply curve if the value of the u.s. dollar falls against the canadian dollar?
The supply curve will shift to the left dollar falls against the canadian dollar. In economics, the supply curve is a graphic depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
The graph's horizontal axis represents supply quantity and the vertical axis represents product pricing. The demand curve displays the amounts of a specific commodity or service that consumers will be able and willing to buy at each price throughout a given time frame. The supply curve displays the volume of goods that merchants will put up for sale at each price during that time. According to the law of supply.
To learn more about supply curve, click here.
https://brainly.com/question/14746136
#SPJ4
according to the irs, taxpayers calling the irs in waited minutes on average for an irs telephone assister to answer. do callers who use the irs help line early in the day have a shorter wait? suppose a sample of callers who placed their calls to the irs in the first minutes that the line is open during the day have a mean waiting time of minutes before an irs telephone assister answers. based on data from past years, you decide that it is reasonable to assume that the standard deviation of waiting times is minutes. using these sample results, can you conclude that the waiting time for calls placed during the first minutes the irs help line is open each day is significantly less than the overall mean waiting time of minutes? use .
As per the details mentioned, there can be 2 market hypothesis -
1. The null hypothesis, H0
2. The alternative hypothesis, H1
1. Here is how you can perform a hypothesis test to determine whether the waiting time for calls placed during the first 30 minutes the IRS help line is open is significantly less than the overall mean waiting time of 13 minutes:
Establish the two hypotheses:
The null hypothesis, H0: The average waiting time for calls placed during the first 30 minutes the IRS help line is open is equal to the overall mean waiting time of 13 minutes. μ1 = 13The alternative hypothesis, H1: The average waiting time for calls placed during the first 30 minutes the IRS help line is open is less than the overall mean waiting time of 13 minutes. μ1 < 13. Make a decision using the critical value approach:
Using a one-tailed t-distribution table with 49 degrees of freedom (n - 1) and a significance level of 0.05, the critical value for a left-tailed test is -1.833. Since our calculated t-statistic of -2.5 is less than the critical value of -1.833, we reject the null hypothesis and conclude that the average waiting time for calls placed during the first 30 minutes the IRS help line is open is significantly less than the overall mean waiting time of 13 minutes.
4. Make a decision using the p-value approach:
The p-value can be calculated using a t-distribution calculator. With a t-statistic of -2.5 and 49 degrees of freedom, the p-value is 0.012. Since the p-value is less than the significance level of 0.05, we reject the null hypothesis and conclude that the average waiting time for calls placed during the first 30 minutes the IRS help line is open is significantly less than the overall mean waiting time of 13 minutes.
Know more about Market Hypothesis - https://brainly.com/question/29519577
#SPJ4
Complete Question -
According to the IRS, taxpayers calling the IRS in 2017 waited 13 minutes on average for an IRS telephone assister to answer. Do callers who use the IRS help line early in the day have a shorter wait? Suppose a sample of 50 callers who placed their calls to the IRS in the first 30 minutes that the line is open during the day have a mean waiting time of 11 minutes before an IRS telephone assister answers. Based on data from past years, you can assume that the standard deviation of waiting times is 8 minutes. Using these sample results, can you conclude that the waiting time for calls placed during the first 30 minutes the IRS help line is open each day is significantly less that the overall mean waiting time of 13 minutes? Use alpha=0.05
1. Establish the two hypotheses
2. Calculate the test statistic
3. Make a decision using the critical value approach
4. Make a decision using the p-value approach
To determine elasticity, which question would an economist ask?
An economist would ask "To what extent does the amount of demand or supply shift in reaction to a variation in price?" to find out the price elasticity of demand or supply.
If a small change in price leadsIf a small change in price leads to a large change in the quantity demanded or supplied, the demand or supply is considered to be elastic. If a large change in price leads to only a small change in the quantity demanded or supplied, the demand or supply is considered to be inelastic. Understanding the elasticity of demand or supply is important for firms as it helps them determine how changes in price will affect their sales and revenue. It's also useful for policymakers as it helps them understand the impact of taxes or subsidies on consumer behavior and market outcomes.
Learn more about elasticity here: brainly.com/question/28790459
#SPJ4
a required element for specialization to lead to an increase in the satisfaction of society's wants is
The exchange and trade of goods and services is a prerequisite for specialisation to maximise the fulfilment of societal demands.
What is the fundamental tenet of commerce and exchange?As long as the external rate of exchange for the specialised good is higher than the pre-trade internal rate of exchange, the principle states that trade is advantageous from a national standpoint. The idea also gives us a foundation for a set of rules governing trade reciprocity.
In what ways does trading satisfy people's needs?
Trade fosters greater competition and drives down global prices, which benefits consumers by boosting the purchasing power of their own income and resulting in an increase in consumer surplus. Trade also dismantles internal monopolies because they are challenged by more effective competitors.
To know more about exchange and trade visit:
https://brainly.com/question/29582756
#SPJ4
suppose a project costs $200 and is forecasted to produce cash flows of $110 in year 1 (i.e. 1 year from now) and $121 in year 2 (i.e. 2 years from now). what is the project's irr?
The IRR can be calculated to be approximately 12.22%. This means that the project is expected to generate a return of 12.22% per year over its expected life.
The Internal Rate of Return (IRR) is a measure of the profitability of an investment, expressed as a percentage. To calculate the IRR for this project, we need to find the discount rate that makes the present value of the expected cash flows equal to the initial investment of $200.
One way to solve for the IRR is to use a trial-and-error approach. For example, starting with a discount rate of 0%, we can calculate the present value of the expected cash flows and compare it to the initial investment. If the present value is less than the investment, we can increase the discount rate and try again. We repeat this process until the present value is equal to the investment.
In this case, the IRR can be calculated to be approximately 12.22%. This means that the project is expected to generate a return of 12.22% per year over its expected life.
Learn more about IRR :
https://brainly.com/question/14120890
#SPJ4
2.if a material is defined at both a distribution center and a production plant, what will be the procurement type in the mrp2 data view for each?
"If a material is defined at both a distribution center and a production plant, what will be the procurement type in the mrp2 data view for each?" the answer is: the procurement type field for the facility will be set to E for in-house procurement. The purchase type field for the distribution center will be set to F for external procurement.
A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good. An entire supply chain, from the distribution of raw materials from the supplier to the producer to the final delivery to the customer, is included.
Learn more about distribution center: https://brainly.com/question/29235792
#SPJ4
To ensure efficient, clear, communication, the national incident management system characteristics recommended the use of:Possible Answers:a.Common terminologyb.Incident Objectivesc.Logisticsd.Planning
To provide effective, clear communication, standard or common vocabulary must be used. ICS mandates the use of Common terminology, which includes standardized names for organizational locations and positions.
All levels of government, nongovernmental groups, and the corporate sector are guided by the National Incident Management System (NIMS) to collaborate in order to avoid, protect against, mitigate, respond to, and recover from incidents.
In order to properly deliver the capabilities outlined in the National Preparedness System, NIMS enables stakeholders from across the whole community to have a shared vocabulary, systems, and processes. The operational systems that describe how personnel collaborates during incidents are defined by NIMS.
Learn more about National Incident Management System here brainly.com/question/30161794
#SPJ4
aruba, inc. has a properly calculated charitable contribution limit of $12,000 for the current year. aruba deducted a drd of $6,000 and is also including a capital loss carryforward from the prior year of $13,000. if aruba's actual charitable contributions for the year are $4,000, the company's taxable income is
D) $98,000. After deductions and exemptions, taxable income is the amount of income that is liable to tax. Taxable income is different from and less than gross income for both people and corporations.
You've probably heard the phrase "taxable income" during tax season. Taxable income, as the name implies, is the portion of an individual's or business's income that is subject to tax after deductions and exemptions.
Salary or earnings, tips, benefits, and investment income are examples of taxable income. After exemptions and deductions are taken into account, taxable income is the amount that an individual or business can be taxed on. Federal, state, and local income tax returns may need to be filed by an individual or business.
Businesses typically pay taxes on the money they make. Partnerships do not, however, pay income taxes. The partners do submit a tax return, but they also report corporate profits or losses on their individual tax returns.
To know more about taxable income:
brainly.com/question/1160723
#SPJ4
Aruba, Inc. has properly calculated the charitable contribution limit of $12,000 for the current year. Aruba deducted a DRD of $6,000 and a DPAD of $12,000. Aruba is also included a capital loss carryforward from the prior year of $13,000 and made charitable contributions of $4,000. What is Aruba's taxable income for the current year?
A) $120,000
B) $111,000
C) $142,000
D) $98,000
an economist would say that the benefits of regional integration are determined by the multiple choice location of manufacturing facilities. amount of trade diversion. formation of a political union. amount of trade creation. level of consumer involvement.
An economist would say that the benefits of regional integration are determined by the amount of trade creation, amount of trade diversion, formation of a political union, and level of consumer involvement.
What is economist?Economics is the study of how people, businesses, and societies allocate resources to satisfy their needs and wants. It involves the analysis of the production, distribution, and consumption of goods and services. Economics is divided into two categories: microeconomics and macroeconomics. Microeconomics focuses on individual decision-making, such as how households and businesses decide what to produce, specialize in, and purchase. Macroeconomics, on the other hand, looks at the economy as a whole, examining topics such as inflation, unemployment, and economic growth.
To learn more about economist
https://brainly.com/question/26368181
#SPJ1
resources are also known as a. factors of productivity. d. factors of output. b. factors of production. e. elements of growth. c. elements of productivity.
Option b is Correct. Resources are another name for productivity-related elements. Beginner. All products and services are created using useful resources (also known as factors of production).
These assets are broken down into four major groups: natural (land), human (labour), capital, and entrepreneurial. The materials employed in the manufacturing of a good or service in order to generate revenue are referred to as the factors of production. Land, labor, capital, and entrepreneurship are considered the four main components of production by economists. These can be viewed as the foundational elements of an economy.
The resources that make up the economy's foundation and that people employ to produce commodities and services are known as the factors of production. Land, labor, capital, and entrepreneurship are the four groups into which economists divide the components of production.
Learn more about resources Visit: brainly.com/question/29988570
#SPJ4
what would likely cause rents to decrease in boston more students come to school in boston less students come to school in boston rent control is put in place in boston residential housing is lost due to a major flood
Investors frequently use the price-to-book ratio (P/B ratio) to assess a company's market capitalization in relation to its book value and the spot undervalued businesses.
This ratio is calculated by dividing the current stock price per share by the book value per share of the company (BVPS). The most common method for determining a stock's value is to compute the company's price-to-earnings (P/E) ratio.
The P/E ratio is calculated by dividing the company's stock price by its most recently reported earnings per share (EPS). A low P/E ratio indicates that an investor purchasing the stock is getting a good deal.
To learn more about company stock click here.
https://brainly.com/question/29354835
#SPJ4
on december 10, a company pays $500 for advertising to appear on december 20. on which date should the expense be recorded under accrual-basis accounting? multiple choice one-half on each date. december 20. none of the choices are correct. december 10.
Under accrual-basis accounting, the expense should be recorded on December 10.
Accrual-basis accounting records financial transactions when the obligations are incurred, regardless of when the cash is received or paid. In this case, the company incurred the obligation to pay for advertising on December 10, even though the payment will not be made until December 20. Therefore, under accrual-basis accounting, the $500 expense should be recorded on December 10. This provides a more accurate picture of the company's financial performance and obligations at a given point in time, as opposed to only considering cash transactions. Accrual-basis expense accounting is generally considered to be a more comprehensive and accurate method of accounting, but it requires careful attention to the timing of transactions and their associated obligations.
Learn more about accounting here:
https://brainly.com/question/1033546
#SPJ4
The complete Question is:
On December 10, a company pays $500 for advertising to appear on December 20. On which date should the expense be recorded under accrual-basis accounting?
A. December 10
B. December 20
C. January 1
D. None of the above
jones consulting provided $1,000 of consulting services on credit to a customer. this transaction would be recorded with a debit to which account?
If Jones Consulting agreed to provide $1,000 in consulting services on credit, the transaction would be recorded as a debit to Accounts Receivable.
A debit to the Accounts Receivable account would be recorded in the transaction where Jones Consulting provided a customer with $1,000 worth of consulting services on credit. Accounts Receivable is a current asset account that shows the sums that consumers owe the business for products or services they received on credit. A debit is issued to the Accounts Receivable account to raise its amount and indicate the company's claim to the money owing when Jones Consulting offers consulting services on credit, as this gives it the right to request payment from the client in the future. To recognise the income made from the given consulting services, a debit is made to the accounts payable account and a credit is made to the sales or service revenue account.
learn more about consulting services here:
https://brainly.com/question/30568475
#SPJ4
when the by-products of human actions taint the environment, occurs.
The correct answer to the question above is "Pollution Occurs".
When the by-products of human actions taint the environment pollution occurs. The introduction of harmful materials into the environment is called pollution. So when the by-product of human action taints or contains the environment pollution will occur. Pollution is a problem for the environment and human nature cause it can affect health problems. There are four type of pollution: Water pollution, air pollution, soil pollution, and noise pollution.Learn more about pollution at: https://brainly.com/question/16101020
#SPJ4
a business structure in which at least one partner is not active in the daily running of the business reflects a:
A business structure in which at least one partner is not active in the daily running of the business reflects a sole proprietorship.
A LLC exists separately from its owners, who are called members. However, members are not personally liable for the debts and obligations of companies. Instead, the LLC is liable. A sole proprietorship is an unincorporated business owned and operated by one person. Sole proprietorships are easy to set up and take apart without government interference, making them popular with small business owners and entrepreneurs.
Disadvantages of Sole Proprietorship are we have unlimited liability for debts because personal and business assets are not legally separated. your ability to access capital is limited. full responsibility for day-to-day business decisions rests with you.
To know more about proprietorship visit :
https://brainly.com/question/15685898
#SPJ4
same facts as above: how much did alpha company's retained earnings increase in 2022? group of answer choices $4,000,000 $3,221,500 $2,721,500 $3,872,950
Retained earnings and revenue are indicators of a company's financial health. An important part of the income statement is revenue.
How Are Profits Used?When evaluating a company's performance, revenue is frequently the first factor considered. If revenue increased, the business fared well. It is not the case that revenue is declining.
It displays the company's "top line" or the sales generated over the course of the reporting period. Retained earnings are the total of a firm's net profits and losses throughout the course of all the years the company has been in operation. Stockholder equity is a component of retained earnings on the balance sheet.
To learn more about Retained earnings here:
https://brainly.com/question/14529006
#SPJ4
you purchase 11 call option contracts with a strike price of $55 and a premium of $4.50. assume the stock price at expiration is $67.89. a. what is your dollar profit? (do not round intermediate calculations.)
When purchasing call options, the investor is essentially betting that the price of the underlying stock will rise above the strike price.
If the stock price at expiration is higher than the strike price, the option is said to be "in the money" and the investor can choose to exercise the option and buy the underlying stock at the strike price, and then sell it at the higher market price, thereby realizing a profit. The profit from a call option position can be calculated using the following formula:
Profit = (Stock Price at Expiration - Strike Price) - Premium per Option Contract * Number of Option Contracts
In your case, the stock price at expiration is $67.89, the strike price is $55, and the premium per option contract is $4.50. And you purchased 11 option contracts. So, the profit would be:
Profit = ($67.89 - $55) - $4.50 * 11 = $12.89 - $49.50 = -$36.61
Therefore, the dollar profit would be a loss of $36.61.
The term "underlying stock" refers to the stock or equity security that serves as the basis for a derivative security, such as options or futures. The price movement of the derivative security is tied to the price movements of the underlying stock. For example, if an investor holds a call option on a particular stock, the underlying stock is the stock that the option gives the holder the right, but not the obligation, to purchase at a specified price, known as the strike price. Understanding the underlying stock is important for investors to make informed decisions about their investments in derivatives and to assess the potential risks and rewards associated with these securities.
To know more about stock:
https://brainly.com/question/14649952
#SPJ4
what's the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?
The answer is $76,000.00, the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5% is 76,000.00$.
A perpetuity has what function?Companies frequently use perpetuality to accurately value a variety of investments, including stocks, bonds, real estate, and particularly annuities. Perpetuity is a stream of cash flow that never ends because, theoretically, payments from these assets never stop with perpetuity.
Perpetuity formula: what is it?Following are the steps in the perpetuity formula: Cash Flow (CF)/Interest Rate equals Present Value (PV), or (IR). It serves as a built-in perpetuality calculator that can calculate all current and future cash flows for investments of this kind.
To know more about Perpetuity visit:
https://brainly.com/question/24261067
#SPJ4
having bought this purchase means that joe cannot spend this money on other purchases. what are some of the items that joe will not be able to buy because he made this purchase? or, what are some of the things he could have spent this money on instead?
Having made a recent purchase means that Joe cannot spend this money on other purchases. This implies that he has to prioritize and make trade-offs with his spending.
As a result, Joe will not be able to buy other things that he might have wanted or needed. This could include items such as food, clothing, entertainment, or even saving for a future goal. By spend considering what he could have spent the money on instead, Joe can evaluate whether the recent purchase was worth the trade-off and whether it aligns with his financial goals and purchases. This is an important exercise in budgeting and financial planning, as it helps individuals make informed decisions about their spending and ensure that they are spending their money in a way that aligns spend with their goals and values. Furthermore, purchases the opportunity cost of a purchase can also help individuals avoid impulse buying and ensure that their spending is purposeful and strategic.
Learn more about purchases here:
https://brainly.com/question/27975123
#SPJ4
The Complete Question is:
What items could Joe have spent his money on instead of the recent purchase, which prevents him from spending on other things?
true or false: the price elasticity of demand for the good with a linear demand curve at a price of $25 will be higher than the price elasticity of demand for the good at a price of $5.
False. The price elasticity of demand is the degree to which the quantity demanded of a good changes in response to a change in its price.
A good with a linear demand curve will have a constant price elasticity of demand across all prices. So the price elasticity of demand for the good with a linear demand curve at a price of $25 will be the same as the price elasticity of demand for the good at a price of $5. It is important to note that the value of the price elasticity of demand will depend on the shape of the demand curve. A good with a more elastic demand curve will have a higher price elasticity of demand, meaning that the quantity demanded will be more sensitive to changes in price. A good with a more inelastic demand curve will have a lower price elasticity of demand, meaning that the quantity demanded will be less sensitive to changes in price.
To learn more about price elasticity here:
https://brainly.com/question/13565779
#SPJ4
lynn is asked to provide payroll information for several departments to the top management team of her company. where can lynn get this information? group of answer choices the employee service data system the enterprise resource planning system the human information system the payroll department
The correct option is B, Lynn get this information the enterprise resource planning system.
A planning system is a systematic process of defining objectives, assessing resources and setting strategies to achieve specific goals. It involves a comprehensive analysis of an organization's current situation, identifying its strengths, weaknesses, opportunities and threats. This process helps to define the direction an organization wants to take and the steps required to get there. A good planning system should be flexible, dynamic and adaptable to changes in the environment.
It should provide clear and concise guidelines to decision-makers and help allocate resources efficiently. The planning system should be aligned with the organization's overall vision, mission and values, and involve all key stakeholders. Regular monitoring and evaluation are critical components of a planning system, allowing organizations to track their progress and adjust their strategies as needed.
To learn more about Enterprise resource planning system visit here:
brainly.com/question/30459785
#SPJ4
Complete Question: -
Lynn is asked to provide payroll information for several departments to the top management team of her company. where can lynn get this information?
a. the employee service data system
b. the enterprise resource planning system
c. the human information system
d. the payroll department
What do you call the initial amount of money you deposit or invest ?
Answer: A Down Payment
Explanation: The initial payment is the down payment followed by other more specific payments
Explain (in no more than two paragraphs for each) which of the following statements are true or false.
A. Suppose two bonds of equivalent risk and maturity have different prices such that one is a premium bond and one is a discount bond. The premium bond must have a greater expected return than the discount bond.
B. All else equal, the holder of a fairly priced premium bond must expect a capital loss over the holding period.
C. The longer the time to maturity, the lower the security's price sensitivity to an interest rate change, ceteris paribus (all else equal).
A) False Consider two bonds with the same risk and term that are sold at different prices, one of which is a premium bond and the other a discount bond. The predicted return on the premium bond must be higher than that of the discount bond.
B) True A fairly priced premium bond holder must, in all other circumstances, anticipate suffering a capital loss during the holding period.
C) False In general, the security's price is less sensitive to changes in interest rates the longer it takes it to mature (all else equal).
when the only difference between two bonds is their maturity?The bond with the longer time to maturity will have a bigger premium if two bonds that are otherwise equal but for maturity and are both issued at a premium. Whether a bond was issued at a premium or a discount, its price at maturity equals its par value.
To learn more about premium bond here:
https://brainly.com/question/16815391
#SPJ4
An investment had a nominal return of 10. 0 percent last year. The inflation rate was 3. 3 percent. What was the real return on the investment?
With an investment that had a nominal return of 10. 0 percent last year and the inflation rate was 3. 3 percent, the real return on the investment was 6.7%.
The real return on an investment is the return after adjusting for inflation. It reflects the purchasing power of the investment's return, taking into account the rise in prices over time.
To calculate the real return, we can subtract the inflation rate from the nominal return:
Real return = Nominal return - Inflation rate
In this case:
Real return = 10.0% - 3.3% = 6.7%
So the real return on the investment was 6.7%. This means that after adjusting for inflation, the investment's return had a real value increase of 6.7%.
To learn more about inflation click on,
https://brainly.com/question/16996365
#SPJ4
the peterson family is selecting a furniture set. a furniture set has a bed, a desk and a dresser. there are beds, desks, and dresser to select from. how many different furniture sets could they select?
The number of different furniture sets the Peterson family could select is equal to the product of the number of choices for each piece of furniture. This is known as the counting principle or the multiplication principle.
Let's assume there are B beds to choose from, D desks to choose from, and R dressers to choose from. Then, the number of different furniture sets that the Peterson family can select is B x D x R.
For example, if there are 4 beds to choose from, 5 desks to choose from, and 6 dressers to choose from, then the Peterson family has a total of 4 x 5 x 6 = 120 different furniture sets to choose from.
It's important to note that each piece of furniture is selected independently, so the order in which the furniture is selected does not matter. For example, selecting a bed first and then a desk and dresser is the same as selecting a dresser first, followed by a bed and desk.
In conclusion, the number of different furniture sets the Peterson family can select is the product of the number of choices for each piece of furniture. This principle is useful in many other areas of mathematics, including probability and statistics.
To know more about principle: https://brainly.com/question/11988530
#SPJ4
consider two bonds, bond a and bond b. both bonds are redeemable at their par value of 1000 in n years and are priced using the same yield rate. bond a has 4.4% semiannual coupons and costs 825.28. bond b has 4.9% semiannual coupons and costs 868.96. determine the nominal yield rate, converted semiannually.
The nominal yield rate for both bonds is then calculated as 4.4% for bond A and 4.9% for bond B, both converted semiannually.
The nominal yield rate for both bonds is calculated by the formula YTM = (C/P) x (2/N) + 1, where C is the coupon payment, P is the price of the bond, and N is the number of years until maturity. For bond A, the YTM is (44/825.28) x (2/N) + 1 and for bond B, the YTM is (49/868.96) x (2/N) + 1.
Since both bonds use the same YTM, we can solve for N using the equation 1 = (C/P) x (2/N) + YTM. For bond A, N is calculated to be 8.27 years and for bond B, N is calculated to be 8.68 years. The nominal yield rate for both bonds is then calculated as 4.4% for bond A and 4.9% for bond B, both converted semiannually.
The nominal yield rate is a measure of the return on an investment, taking into account both the coupon payment and the current market price of the bond. A higher yield rate indicates a higher return on the investment. In this example, bond B has a higher nominal yield rate due to its higher coupon payment, even though it has a higher market price.
Learn more about nominal yield rate here:
https://brainly.com/question/15860561
#SPJ4
when firms in a market expect the price of their product to rise in the future, the supply curve of their good in the current time period:
When firms in a market expect the price of their product to rise in the future, the supply curve of their good in the current time period D) decreases, causing the equilibrium price to rise.
The supply curve depicts the relationship between the cost of a commodity or service and the quantity supplied over a specific time period. A typical instance will show the price on the left vertical axis and the quantity supplied on the horizontal axis.
The supply curve will go higher from left to right, expressing the supply law: The quantity supplied increases as the price of a certain commodity rises (all else being equal).
It is important to note that this formulation assumes that price is the independent variable and quantity is the dependent variable. Most disciplines place the independent variable on the horizontal or x-axis, but economics is an exception.
To know more about supply curve:
https://brainly.com/question/6075885
#SPJ4
Correct question:
When firms in a market expect the price of their product to rise in the future, the supply curve of their good in the current time period:
A) decreases, causing the equilibrium price to fall.
B) increases, causing the equilibrium price to rise.
C) increases, causing the equilibrium price to fall.
D) decreases, causing the equilibrium price to rise.