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Ket [755]
2 years ago
4

You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s

function as a _______. The laptop’s price is posted as $500. The $500 price illustrates money’s function as a _____. You use the $500 to purchase the laptop. This transaction illustrates money’s function as a ______.
a. store of value, medium of exchange, unit of account
b. store of value, unit of account, medium of exchange
c. medium of exchange, unit of account, store of value
d. medium of exchange, store of value, unit of account
Business
1 answer:
Vitek1552 [10]2 years ago
4 0

Answer:

b. Store of value, unit of account, medium of exchange

Explanation:

Money's function as a store of value is when it retains its intrinsic value for a considerable time and does not perish.

The function as unit of account is when commodities can be associated with a certain value in terms of money.

Medium of exchange is when money is generally and readily accepted by any and all economic agents in return for goods and services.

The correct order that explains these functions is

store of value, unit of account, medium of exchange

Hope that helps.

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Staci's Sign Shoppe makes signs for businesses. Staci is currently producing 210 signs per week with three employees. Staci hire
const2013 [10]

Answer:

Marginal product: 118

Marginal product is 1.68 times average product

New average product: 82

Explanation:

Marginal product is the difference that we found after we add one more unit of production into the business, this means the amount of products that we produce more of, once we hire a new worker or add a new machine, in this case marginal product is 118 units more by hiring an additional worker, and the marginal product divided by the last average product is 1.68 times more, and the new average product would be 328 between 4 which is the new number of workers, which results in 82.

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2 years ago
Jeremy is concerned about his selection of a new hair spray because he is concerned it will not perform as well as his usual bra
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Answer:

D. social risk

Explanation:

Social risk -

It refers to a specific action , which might affect the well established reputation in the society , is referred to as the social risk .

The action could be the launch of new product , issue in the product ,  violating any norms of business , corruption etc.

The act can capability hamper the consumers and hence have the risk of losing the consumer , which can have the negative affect on the business .

Hence , from the given scenario of the question ,

The correct answer is social risk .

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2 years ago
Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po
VARVARA [1.3K]

Answer: C) the demand for coffee beans has increased

Explanation:

The law of supply states that: "all things being equal" the higher the price the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Coffee growers sold just 200 million pounds of coffee when the price was $2 per pound but they increased their supply of coffee to 240 million pounds when the price per pound is $3.

This is an evidence to show that suppliers supply more products when price increase in order for them to make more profits.

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2 years ago
If the Land of Mercury had total exports of $150 billion and total imports of $234 billion, it had a A. comparative advantage B.
jek_recluse [69]

Answer: B : Trade deficit

If a land of Mercury had total exports of $150billion and total imports of $234billion, it had a "trade deficit".

Explanation:

Trade deficit can be termed an amount by which a country's costs of imports exceeds cost of exports. It is also known as negative balance of trade. Trade deficit is a term of trade that measures international trade.

Trade deficit is obtained by subtracting a country's export from its imports.

Mathematically :

Trade deficit = imports - exports

Trade deficit occurs when a country foreign debt is greater than what it produce for exports. Also when a country depends on another country for refinering their manufactured goods, such country will experience trade deficit.

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