All categories

2 years ago

A barter economy is different from a money economy in that a barter economy

Business

1 answer:

fredd [130]2 years ago

3 0

Answer:

The answer is;

people trade goods directly with goods rather than through using money

Explanation:

In that a barter economy, people trade goods directly with goods rather than through using money.

Money is not used in a barter economy. Barter economy was experienced a very long time ago.

For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs

You might be interested in

A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4

sattari [20]

Answer:

It must shut down

Explanation:

Even at the lower average variable cost, which is 3.50 dolllar will be lossing money given a market price of 3.00 dollar

Considering is not making enough to cover the variable cost the best option is to shut down and only take a hit for the fixed cost until it can totally exit the market. If it tries to produce it will only make thinks worse as producing generates more losses

6 0

2 years ago

The following costs were incurred in May:

algol13

Answer:

d. $55,600

Explanation:

Direct Labor = $34,000

Manufacturing Overhead Cost = $21,600

Conversion Cost = Direct Labor + Manufacturing Overhead Cost

Conversion Cost = $34,000 + $21,600

Conversion Cost = $55,600

So, the conversion costs during the month totaled $55,600.

3 0

2 years ago

Axl will be borrowing $300,000 today to buy a house, and he will pay it back with 20 yearly payments starting one year from toda

Natalija [7]

Answer:

$28,317.88.

Explanation:

The annual payment, PMT can be determined using a financial calculator as follows :

PV = $300,000

N = 20

P/YR = 1

R = 7.00 %

FV = $0

PMT = ?

Using a financial calculator, the annual payment, PMT is $28,317.88.

4 0

2 years ago

evan, a manager, strongly believes in the concept of power sharing. therefore, evan is most likely to _____.

garik1379 [7]

He is most likely to ask for group input, allow group members to speak up, and value what they have to say. He is likely to listen to their advice and implement their suggestions. This is because he is sharing his authority and his power as a manager with his subordinates.

8 0

2 years ago

Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar

strojnjashka [21]

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

Variable costs fluctuate according on the production of goods of a company, while fixed costs stay the same regardless of the production output. Reviewing all the options:

Wages paid to three part-time employees vary depending on the amount of hours they work.

Accountant's fees for preparing tax returns vary depending on the time spent preparing the records.
The costs of purchasing art work to sell in the gallery vary depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

7 0

2 years ago