Inhabitants of pandora use stone beads as money. on average, every stone bead is used 5 times per year to carry out transactions. the total supply of beads is 50 million. according to the quantity theory of money, the level of aggregate spending in pandora must be 250 million.
a) what is the level of aggregate spending in pandora according to the quantity theory of money? b) suppose the inhabitants of pandora start using less money to conduct the same number of transactions (i. e., each individual carries fewer beads). what is the effect on the velocity of money?

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?