Felicia knits scarves and sells them to her friends. the first week, she knits four scarves and sells three for $50 each. the next week she buys her yarn at a discount, so she knits six scarves and is able to sell five for $40 each. which number represents quantity demanded at $40?
a. 2
b. 3
c. 5
d. 8
you are in charge of your country's currency, which is backed by a gold standard. unfortunately, gold production is dropping sharply and is not expected to recover. what is your best option?
a. borrow more gold.
b. print more currency.
c. move to fiat currency.
d. take no action.

1.

The first week, Felicia knits four scarves and sells three for $50 each.

The next week she buys her yarn at a discount, so she knits six scarves and is able to sell five for $40 each.

So,the number that represents the quantity demanded at $40 is 5.

2.

The best option is - Move to fiat currency.

Fiat money is government issued currency. This currency is not backed by gold.

Fiat money does not have use value, and has value only because a government maintains its value.

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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