This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Give an example of how money functions as a unit of account. What will be an ideal ... (Read 44 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
Give an example of how money functions as a unit of account.
 
  What will be an ideal response?

Question 2

Suppose two individuals, Pooh and Piglet, desire protection (provided by Tigger) for their community, The Hundred Acre Wood, from heffalumps. Protection is a public good.
 
  The marginal cost of protection as well as Piglet's and Pooh's marginal benefits from protection are in the table above. What is the quantity of protection that achieves the maximum net benefit? A) 1 hour per day
  B) 2 hours per day
  C) 3 hours per day
  D) 4 hours per day


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

Money functions as a unit of account when it is used to in a price. For instance, a price of 60 dollars for a purse shows how the price of the purse is being measured in units of money.

Answer to Question 2

C


genevieve1028

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Jun 29, 2018
Correct answers!


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Schools are a primary agent of socialization. One of their functions is to teach children the ... Schools are a primary agent of socialization. One of their functions is to teach children the ...
How to find the derivatives of trigonometric functions using the chain rule (Part 1) How to find the derivatives of trigonometric functions using the chain rule (Part 1)
50-Unit Insulin Syringe 50-Unit Insulin Syringe
What title would chemists give to an orbital characterized by n=8 and 1=4? What title would chemists give to an orbital characterized by n=8 and 1=4?
Organs of the human male reproductive system, their functions, and locations. Organs of the human male reproductive system, their functions, and locations.
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library