A goldsmith has $2 million of gold in his vaults. He issues $5 million in gold receipts. His gold holdings are what fraction of the paper money (gold receipts) he has issued? LO33.1 a. 1/10. b. 1/5. c. 2/5. d. 5/5.

Answers

Answer 1
Answer: he has 2 million gold holding
He has 5 million of paper money

the fraction = gold holding/paper money

                     = 2 million / 5 million
                     = 2/5

so the answer is C. 2/5

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The market for salmon is in equilibrium. A price ceiling, a price floor, and a quota limit in this market would all have what outcome in common? a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.
b. Inefficiencies created by a quantity exchanged that is greater than the equilibrium quantity.
c. A supply price that exceeds a demand price.
d. Revenue collected by the government on each unit of salmon harvested.
e. Inefficiencies created by a transfer of surplus from consumers to producers.

Answers

Answer:

a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.

Explanation:

Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.

A finance company has a total of $20 million earmarked for homeowner and auto loans. On the average, homeowner loans have a 10% annual rate of return, whereas auto loans yield a 12% annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type that Madison should extend to each category in order to maximize its returns. housing million dollars automobile million dollars

Answers

Answer:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Explanation:

Calculation to determine the total amount of loans of each type

Calculation for HOMEOWNER LOANS

Homeowner loans=$20,000-[(10%*20,000)/(4*12%+10%)]*10%

Homeowner loans=[$20,000-($2,000/48%+10%)]*10%

Homeowner loans=[$20,000-($2,000/58%)]*10%

Homeowner loans=[$20,000-$3,448.3]*10%

Homeowner loans=$16,552*10%

Homeowner loans=$1,655.2

Calculation for AUTO LOANS

Auto Loans=[(10%*20,000)/(4*12%+10%)]*12%

Auto Loans=($2,000/(48%+10%)]*12%

Auto Loans=($2,000/58%)*12%

Auto Loans= $3,448.3*12%

Auto Loans=$413.80

Based on the above calculation Homeowner loans amount of $1,655.2 is 4 times Auto Loans amount of $413.80

Therefore the total amount of loans of each type that Madison should extend to each category in order to maximize its returns are:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Strike, a clothing manufacturer from Minnesota, offered to sell Bailey, the owner of a clothing store in Colorado, one thousand shirts for a stated price to be paid on delivery of the shirts. The offer declared that shipment would be made by Dependable Truck Line to Bailey's store. Bailey replied, "I accept your offer for one thousand shirts at the price quoted. However, delivery is to be by Yellow Express Truck Line." Both Dependable Truck Line and Yellow Express Truck Line are well-known national companies. Three weeks later, Strike shipped the shirts by Dependable Truck Line, which was just a few dollars cheaper, and Bailey refused to accept delivery. Strike sued for breach of contract. Bailey claimed that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claimed that, even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contract terms.

Answers

Answer:

There was no contract since there was no mutual agreement on the shipping company.

Explanation:

For a contract to be enforceable, it is necessary to have proper offer and acceptance by the two parties. In this case, Strike made an offer and Bailey accepted the stated price but added that the shipping has to be done by Yellow Express Truck Line and not Dependable Truck. Since there was no agreement reached on the shipping company by both the parties, the contract isn't enforceable.

Why does the energy decrease as we go along the food chain from producers to tertiary consumers?

Answers

Energy decreases

Explanation: as it moves up trophic levels because energy is lost as metabolic heat when the organisms from one trophic level are consumed by organisms from the next level.

Final answer:

Energy decreases along the food chain from producers to tertiary consumers due to energy loss at each trophic level and inefficient energy transfer.

Explanation:

As we go along the food chain from producers to tertiary consumers, the amount of energy available decreases. This is because energy is lost at each trophic level through processes such as respiration, heat loss, and waste production. Additionally, only a fraction of the energy stored in the organisms at one trophic level is transferred to the next level through consumption.



For example, let's consider a simple food chain with grass as the producer, gazelles as the primary consumers, lions as the secondary consumers, and hyenas as the tertiary consumers. The grass absorbs energy from the sun through photosynthesis and stores it in its tissues. When a gazelle eats the grass, it obtains some of that energy. However, the lion that eats the gazelle only receives a fraction of the energy stored in the gazelle's tissues. As a result, by the time the energy reaches the tertiary consumers, there is much less available compared to the energy stored by the producers.

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Goods that are produced domestically and then sold in other countries are called

Answers

goods made domestically and than sent to other countries and sold are called exports
Goods made here and sold overseas are called exports. Goods that are brought into the country are call imports.

Explain at least one potential implication for the genetic diagnosis of traits such as intelligence and criminality.

Answers

When we're trying to determine a genetic foundation for intelligence and criminality we're allowing for the possibility of genetic determinism being a true thing which we obviously know it's not. For that reason it might be problematic to conclude anything about a genetic diagnosis for either of those considering there are always multiple variables which are at play. 

Final answer:

Genetic diagnoses of traits such as intelligence and criminality have potential implications for interventions. However, it is important to recognize the complex interplay of genetics, environmental influences and societal factors. These traits are not solely genetically determined but also influenced by epigenetics and the environment.

Explanation:

One potential implication of diagnosing traits like intelligence and criminality genetically is designing interventions that can potentially influence these behaviors. However, this becomes ethically complicated. While genetics play a role in determining a range of human traits, factors like the environment contribute as well. For example, while one study indicates the presence of a genetic component to intelligence, it emphasizes that environmental influences provide stability and change to actualize cognitive abilities.

Epigenetics, the study of changes in gene expression over a single lifetime, also plays a role. Changes can be inherited and last generations, showing that traits like intelligence and criminality are results of a complex interplay of genetic, environmental, and societal factors.

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