As a graphic artist, nate has just finished producing a new calendar. his calendar cost him $1.00 for the shiny paper, $2.00 for the six color production, and $.25 for the plastic wire that holds it together at the top. the labor in developing the design was 4 hours of work at $50/hour, and labor is being added to the rest of the fixed costs of $400.00. at a price of $12.00 per calendar, how many calendars will nate need to produce and sell in order to break even (cover all his costs, but not make a profit)?

69 calendars. The cost of N calendars is C = F + MN where C = Total cost F = Fixed costs M = Marginal cost per item For this problem, the Fixed costs is the $400.00 given plus the cost of labor at $50 for 4 hours, for an additional $200. Making the total fixed costs being $400 + $200 = $600. The marginal cost are $1.00 + $2.00 + $0.25 = $3.25. So we have: C = $600 + $3.25N Now the money that will be received will be the sale price of the calendar multiplied by the number sold. So P = $12.00N Since we're looking for the break even point, let's set an inequality for these two equations, then solve for N. $600 + $3.25N <= $12.00N $600 <= $8.75N 68.57142857 <= N Since a fractional calendar can't be sold, the artist needs to sell at least 69 calendars to break even.

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.