Give an example of how money functions as a unit of account. ...

[genevieve1028]

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

[bigsis44]

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]

Correct answers!

[bigsis44]

Great! Please up vote