By lowering the discount rate, the Federal Reserve
A. discourages commercial banks from lending.
B. encourages commercial banks to borrow reserves.
C. discourages depositors from withdrawing funds.
D. contracts the money supply.
Answer: B
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Be aware that verbs change meaning unpredictably when paired with ________________
a. adverbs b. subjects c. other verbs d. prepositions
Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 35, 38, 42, 16, 81, and 19?
a. 8
b. 9
c. 10
d. 11
Early government regulations prior to 1920 that affected American business include all of the following except the
A. Interstate Commerce Act. B. Sherman Antitrust Act. C. Federal Trade Commission. D. Clayton Antitrust Act. E. Americans with Disabilities Act.
Arman Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows:??Average Cost per Unit?Direct materials$6.10?Direct labor$2.90?Variable manufacturing overhead$1.25?Fixed manufacturing overhead$3.00?Fixed selling expense$1.05?Fixed administrative expense$0.60?Sales commissions$1.50?Variable administrative expense$0.55Required:a. If 6,000 units are produced, what is the total amount of fixed manufacturing cost incurred?b. If 6,000 units are produced, what is the total amount of manufacturing overhead cost incurred? What is this total amount expressed on a per unit basis?c. If 4,000 units are produced, what is the total amount of direct manufacturing cost incurred?d. If 4,000
units are produced, what is the total amount of indirect manufacturing cost incurred? What will be an ideal response?