price equals average total cost in the long run few sellers product differentiation price is equal to marginal revenue. t/f
Answers
Although there are few sellers with differentiated products over the long term, price does equal average total cost. It is true.
A price is the amount of money that one party pays another in exchange for products or services; it is typically not negative. The cost of production might take on numerous names depending on the circumstance. If the item is a "good" in a commercial transaction, the cost of the item will probably be referred to as its "price".
There will be other potential names for this product's name if the thing is a "service," though. As an illustration, the bottom graph will display prices certain circumstances. [1] Costs of manufacturing, availability of the desired good, and consumer demand all have an impact on the price of a good. A monopolist may set the price or the market may impose it on the business.
Learn more about prices here
brainly.com/question/19091385
#SPJ4
Related Questions
Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answers
Answer:
im not aure
Explanation:
im not aure
Your parents are planning to retire in 14 years. They currently have $199,681 in their retirement account. Your parents feel that they need $2,484,872 before they can retire. What annual yield do they need to earn in order for them to reach their goal in 14 years (please respond without the "%" sign, but with two significant decimal points for instance instead of 12.77%, simply enter 12.77)?
Answers
Your parents need to earn an annual yield of approximately 11. to calculate the annual yield your parents need to earn in order.
to reach their retirement goal, we can use the formula for future value (fv) of an investment:
fv = pv * (1 + r)ⁿ
where:
fv = future value (desired retirement amount)
pv = present value (current retirement account balance)
r = annual yield (interest rate, expressed as a decimal)
n = number of years
plugging in the values, we have:
fv = $2,484,872
pv = $199,681
n = 14 years
we need to solve for r.
using the formula and rearranging it to solve for r:
r = (fv / pv)⁽¹ⁿ⁾ - 1
plugging in the values, we have:
r = ($2,484,872 / $199,681)⁽¹¹⁴⁾ - 1
r = 12.470073 - 1
r = 11.470073 47% (to two significant decimal points) in order to reach their retirement goal in 14 years.
Learn more about investment here:
https://brainly.com/question/15105766
#SPJ11
T/F: The number of U.S. jobs in manufacturing has increased in the past five years.
Answers
'The given statement is false because The number of U.S. jobs in manufacturing has not increased in the past five years. '
In fact, there has been a decline in the number of manufacturing jobs in the U.S. since the 1980s. According to the Bureau of Labor Statistics, there were 12.8 million manufacturing jobs in the U.S. in January 2006, but by January 2011, that number had fallen to 11.5 million. While there has been some slight growth in manufacturing jobs since 2011, the overall trend is still downward.
There are several factors that have contributed to the decline in manufacturing jobs in the U.S. over the past few decades, including automation, offshoring, and the rise of the service sector.
As companies have sought to increase efficiency and reduce costs, many have turned to automation and other technologies to replace human workers. Additionally, many companies have moved their manufacturing operations overseas to take advantage of lower labor costs.
Despite these challenges, there are still opportunities for growth in U.S. manufacturing. Some experts believe that technological advances, such as 3D printing and robotics, could help to drive a resurgence in domestic manufacturing. However, it remains to be seen whether these new technologies will be enough to reverse the long-term decline in manufacturing jobs in the U.S.
For such questions on manufacturing visit:
https://brainly.com/question/7924898
#SPJ11
The effect of reduced transportation and communication costson economic development
1. Which innovative products contributed to a huge reduction in transportation and communication costs in the 1950s? Check all that apply.
The refracting telescope
A steam-operated engine
The standardized steel container
The jet engine
2.Which of the following accurately describe the effect of the reductions in transportation and communication costs? Check all that apply.
Adoption of economic policies more consistent with growth and development
Increasing trade barriers to protect domestic producers
A virtuous cycle of development that accelerates the growth rate of per capita
Exponential population growth that will reduce income to the subsistence level
Answers
Since the 1950s, there have been significant advancements in transportation technology, and the advent of commercial aircraft has practically shrunk the size of the world.
Transport refers to the transportation of goods, people, and animals between locations. In other terms, a specific movement of an organism or object from point A to point B is referred to as a transport behaviour.
Air, land, sea, cable, pipelines, and space are all forms of transportation. Infrastructure, vehicles, and operations make up this category. Trade between nations is made possible via transportation, which is vital to the advancement of civilisation. Protecting property rights and upholding contracts; giving tax incentives and patents to businesses that engage in health and scientific research and development.
To know more about commercial jets, visit :
here: brainly.com/question/7225231
#SPJ1
How can public health decrease the economic impact on health care?
Answers
Answer:
First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. Another bridge between health and the economy is education.
Explanation:
A 10% excise tax is normally applied to an early withdrawal from an IRA. According to HIPAA, this tax will not be applied if the withdrawal is used for medical expenses that exceed ____ of the individual's adjusted gross income.
5%
6.5%
7.5%
8%
Answers
According to HIPAA, the 10% excise tax on early IRA withdrawals will not be applied if the withdrawal is used for medical expenses that exceed 7.5% of the individual's adjusted gross income. Option c. is correct.
Under normal circumstances, when an individual withdraws funds from an IRA before reaching the age of 59½, a 10% excise tax is applied to the withdrawal amount. However, the Health Insurance Portability and Accountability Act (HIPAA) provides an exception to this tax if the early withdrawal is used for qualified medical expenses.
According to HIPAA, the medical expenses must exceed a certain threshold in order for the exemption to apply. This threshold is set at 7.5% of the individual's adjusted gross income (AGI). In other words, if an individual's medical expenses for the year exceed 7.5% of their AGI, they can withdraw funds from their IRA without incurring the 10% excise tax.
It's important to note that the threshold for medical expenses was changed from 7.5% to 10% for individuals under the age of 65 starting in 2019, as per the Tax Cuts and Jobs Act. However, HIPAA provides an exception to this change, allowing individuals aged 65 and older to continue using the 7.5% threshold until 2021.
Learn more about tax here:
https://brainly.com/question/10652477
#SPJ11
The Health Insurance Portability and Accountability Act (HIPAA) allows exemption from the 10% excise tax for early withdrawals from an IRA if the medical expenses exceed 7.5% of the individual's Adjusted Gross Income.
Explanation:The 10% excise tax exemption for early withdrawals from an Individual Retirement Account (IRA) under the Health Insurance Portability and Accountability Act (HIPAA) applies when the medical expenses exceed 7.5% of the individual's Adjusted Gross Income (AGI). In other words, if your total medical expenses for a year surpass 7.5% of your AGI, you can make an early withdrawal from your IRA without incurring the typical 10% tax penalty.
This is a way in which HIPAA provisions can benefit those who are dealing with substantial medical costs and may need to tap into their retirement savings to pay for those expenses.
Learn more about Early IRA Withdrawal here:https://brainly.com/question/31530618
#SPJ6
In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answers
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
When determining what price to charge for a product or service, marketing executives consider which of the following?
A. competitors’ pricing structures
B. how much customers can afford to pay for the product or service
C. at what point the market will be flooded with similar products and services, driving down consumer demand
D. all of the above
Answers
Answer: D) all of the above
Explanation:
can be in form of a written summary of the findings of a required investigation or a particular problem
A) presentation
B) itinenaries
C) reports
D) notices
Answers
Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
Answers
Income
WHY:
The expenses and extras and needs should all add up to the income and the income should be over these expenses
MARK ME BRAINLIEST PLEASE
What is revenue vs margin?
Answers
Revenue is the total amount of money that a company brings in from its sales and margin is the amount of money that a company has left over after it pays its expenses.
Revenue is the total amount of money that a company brings in from its sales. This includes money from both product sales and services. Margin is the amount of money that a company has left over after it pays its expenses.
This includes things like the cost of goods sold, operating expenses, and taxes. The margin is the amount of money that the company has left to reinvest or payout to shareholders.
For more questions like Marginal revenue click the link below:
brainly.com/question/25404320
#SPJ4
the phase of the business cycle in which real gdp declines is called: group of answer choices a recession. the trough. an expansion. the peak.
Answers
The correct answer is "a recession." The phase of the business cycle in which real GDP declines is referred to as a recession.
During a recession, economic activity contracts, leading to a decrease in output, employment, and income. It is characterized by a sustained period of economic decline and is typically accompanied by factors such as reduced consumer spending, decreased investment, and a slowdown in business activity. The opposite phase, in which real GDP increases, is called an expansion. The trough represents the lowest point of the recession, while the peak is the highest point of the expansion.
learn more about:- GDP here
https://brainly.com/question/30504843
#SPJ11
Golden Lake Company is a service based company that rents canoes for use on local lakes and rivers during 2024. In addition to rental serices, at the beginning of January 2025, Golden Lake Company decided to carry and sell T-shirts with its logo printed on them. Golden Lake Company uses the perpetual inventory system to account for the inventory. During February 2025, Golden Lake Company completed the following merchandising transactions:
Feb. 2
Sold 40 T-shirts at $23 each.
Feb. 5
Purchased 50 T-shirts at $10 each.
Feb. 7
Sold 70 T-shirts for $23 each.
Feb. 8
Sold 15 T-shirts for $23 each.
Feb. 10
Golden Lake Company realized the inventory was running low, so it placed a rush order and purchased 30 T-shirts. The premium cost for these shirts was $11 each.
Feb. 12
Placed a second rush order and purchased 65 T-shirts at $11 each.
Feb. 13
Sold 30 T-shirts for $23 each.
Feb. 15
Purchased 50 T-shirts for $10 each.
Feb. 20
In order to avoid future rush orders, purchased 200 T-shirts. Due to the volume of the order, Golden Lake Company was able to negotiate a cost of $9 each.
Feb. 21
Sold 25 T-shirts for $23 each.
Feb. 22
Sold 100 T-shirts for $23 each.
Feb. 24
Sold 5 T-shirts for $23 each.
Feb. 25
Sold 40 T-shirts for $23 each.
Feb. 27
Sold 70 T-shirts for $23 each.
Requirement 1. Assume Golden Lake Company began February with 100 T-shirts in inventory that cost $9 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method.
Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. We will complete the schedule for the first five dates in this step, the next five dates in the following step, and so on. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.)
Purchases
Cost of Goods Sold
Inventory on Hand
Unit
Total
Unit
Total
Unit
Total
Date
Quantity
Cost
Cost
Quantity
Cost
Cost
Quantity
Cost
Cost
Feb. 1
2
5
7
8
Answers
Golden Lake Company started February with 100 T-shirts in inventory that cost $9 each. Using the FIFO inventory costing method, we need to prepare the perpetual inventory records for February. The schedule is given in the below paragrapgh.
We will enter the transactions in chronological order and calculate the new inventory on hand balances after each transaction. After entering all the transactions, we will calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period.
To prepare the perpetual inventory records using the FIFO method, we need to record the transactions in chronological order and update the inventory on hand balances accordingly.
Starting with the initial inventory of 100 T-shirts at a cost of $9 each, we enter the transactions one by one:
Feb. 2: Sold 40 T-shirts at $23 each.
Since we sold 40 T-shirts, we reduce the inventory on hand by 40 units, leaving 60 T-shirts. The cost of goods sold (COGS) is calculated by multiplying the units sold (40) by the cost per unit ($9), resulting in a cost of $360.
Feb. 5: Purchased 50 T-shirts at $10 each.
We add 50 T-shirts to the inventory on hand, bringing the total to 110 T-shirts.
Feb. 7: Sold 70 T-shirts for $23 each.
We deduct 70 units from the inventory on hand, leaving 40 T-shirts. The COGS is calculated as 70 units multiplied by $9, resulting in a cost of $630.
Feb. 8: Sold 15 T-shirts for $23 each.
We deduct 15 units from the inventory on hand, leaving 25 T-shirts. The COGS is calculated as 15 units multiplied by $9, resulting in a cost of $135.
Feb. 10: Purchased 30 T-shirts at a premium cost of $11 each.
We add 30 T-shirts to the inventory on hand, bringing the total to 55 T-shirts.
At this point, we have completed the schedule for the first five dates. We continue with the remaining transactions and update the inventory on hand balances accordingly.
After entering all the transactions, we can calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period.
Learn more about transactions here :
https://brainly.com/question/32522185
#SPJ11
as a business within the company, hr has three product lines, one of which involves contributing to the company's strategy by understanding how hr can provide a competitive advantage. this is known as .
Answers
As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.
What is a strategic partner?These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.
Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form of financial exchange.
Therefore, this strategy is known as being a strategic partner.
Read more about strategic partner
brainly.com/question/13710961
#SPJ1
Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
Answers
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
Learn more about invitation here:
https://brainly.com/question/21545885
#SPJ1
Alisa is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Alisa is called a(n) specialty-line wholesaler. full-service stocker. in-store maintainer. assembler. rack jobber.
Answers
Answer: rack jobber.
Explanation:
A rack jobber is alsso called a rack merchandiser and it refers to a company or a trader that display products and also sells such products in a store.
Since the responsibilities of Alisa include displaying the greeting cards, straightening the cards, pulling outdated cards, and installing new cards, then we can infer that Alisa is a rack jobber.
Dominic is a limited partner in a local financial consulting company. One of the general partners in the company needs a temporary leave to attend to some personal matters. She has asked Dominic to perform her managerial duties during this absence. As a limited partner, Dominic
A. can fill in as a manager whenever necessary, as long as it is for only a limited time.
B. can make managerial decisions as long as they do not involve the payment of money.
C. cannot participate in the management of the partnership.
D. can manage the firm as long as he gets approval from the company's other general partners.
Answers
As a limited partner, Dominic C. cannot participate in the management of the partnership.
What is limited partner?Limited partners in a partnership have limited liability and are not involved in the management of the partnership. Their role is typically limited to providing capital and sharing in the profits or losses of the partnership. Limited partners are not involved in making management decisions or managing the day-to-day operations of the business.
In this case, the fact that one of the general partners has asked Dominic to perform her managerial duties during her absence does not automatically give him the authority to do so. If Dominic were to take on the general partner's duties, he would be participating in the management of the partnership, which is typically not allowed for limited partners.
Therefore, Option C - "Cannot participate in the management of the partnership" is the correct answer.
Learn more about limited partner here:https://brainly.com/question/1374494
#SPJ1
Quantities of products manufacturers are willing to sell at different prices is known as.
Answers
Quantities of products that manufacturers are willing to sell at different prices is known as supply, which has an inversely proportional weight in establishing the price.
Law of offerIn economics, the law of supply is directly influenced by demand, so the greater the supply, the lower the price.
The supply curve is graphically represented by a positive slope, in the price and quantity relationship, because the higher the price of a product or service, the greater the quantity produced, therefore, there is a constancy in the supply curve.
Find out more information about supply here:
https://brainly.com/question/12252562
How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answers
Answer:
The answer is the letter A
Answer:
A
Explanation:
What is a country that wants to increase its gross domestic product trying to
achieve?
A. It wants to increase the value of goods and services it produces.
B. It wants to prevent its currency from gaining or losing value too
quickly.
C. It wants to reduce the number of people who can't find a job.
D. It wants to increase its economic productivity per person in the
country
Answers
Answer:
A. It wants to increase the value of goods and services it produces.
Explanation:
GDP is the total value of all commodities and services produced within the country over a given period. Only finished consumer goods are considered when calculating GDP. The GDP value communicates the state of a country's economy. An increase in GDP reflects growth, while a decrease suggests a recession.
When a country wants to increase the GDP value, it is thinking of increasing the value of all commodities and services produced within its boundaries. Increasing GDP is similar to expanding the economy.
Answer:
it wants to increase the value of good and services it produces
Explanation:
consumers who have all the information they need to make buying decisions are most indicative of which type of market?
Answers
Consumers have all the knowledge necessary to decide what to buy. Thus, the predominance of perfect information is a characteristic of market structure. In other words, buyers and sellers are fully aware of the state of the market.
This only applies when a market is completely competitive.
Imperfect information is a characteristic of oligopolies and monopolies.
Therefore, the fact that consumers have access to all the information they need to make purchasing decisions shows that the market is highly competitive.
What four qualities define the ideal market for competition?
No obstacles to entry or departure, no market influences, identical products, and total product transparency are requirements for perfectly competitive markets.
Which four sorts of market structures are there?
The four types of economic market structures are oligopoly, monopoly, perfect competition, and monopolistic competition. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.
Learn more about Consumers here:
https://brainly.com/question/17629073
#SPJ4
Why is a higher interest rate important when saving money?
Answers
A higher interest rate is important when saving money because it allows for greater growth of your savings over time.
Interest rates are the percentage of the principal (or original amount of money) that is added to your savings each year. With a higher interest rate, the amount of money you earn in interest will be greater, allowing you to accumulate more savings over time. This is especially important for long-term savings goals, such as retirement or saving for a down payment on a house.
By choosing a savings account or investment option with a higher interest rate, you can maximize the growth of your savings and reach your financial goals more quickly.
See more about saving money at https://brainly.com/question/27848516.
#SPJ11
The data for demand curve D indicate that at a price of $0.30 per Greebe, buyers would be willing to buy __________ million Greebes. All other things held constant, if the price of Greebes increased to $0.40 per Greebe, buyers would be willing to buy ____________ million Greebes. Such a change would be a decrease in ________________. All other things held constant, if the price of Greebes decreased to $0.20, buyers would be willing to buy ___________million Greebes. Such a change would be called an increase in _______________.
Answers
Answer:
150
50
quantity demanded
quantity demanded
Explanation:
Please find attached the data needed to answer this question
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The demand schedule is a table that shows the relationship between price and quantity demanded of a consumer. It can be seen that the higher the price, the lower the quantity demanded. This is in line with the law of demand.
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.
Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :
1. a change in consumers' expectation
2. a change in the taste of consumers
3. a change in income
Identify the tasks performed by workers in a Production career? Choose all that apply. cleaning and maithaining equipment and tools. managing budgets and costs. feeding materials into machines, and removing materials from machines. researching and comparing prices of products and services. checking and testing products or parts. designing and enforcing safety procedures to the environment.
Answers
Answer:
A. cleaning and maintaining equipment and tools, C. feeding materials into machines, and removing materials from machines, E. checking and testing products or parts
Explanation:
can i get brainliest?
The task that is performed by the worker in the production department is cleaning and maintaining equipment and tools, feeding material into machines, removing materials from machines and checking and testing products or parts.
What is the production career?Production personnel, in particular, are in charge of creating the final products. The labor of the production uses different types of equipment and parts of the machinery to allocate them in a systematic way. Others may work on a conveyor belt line, where each employee is responsible for their duty.
Thus, maintaining equipment, feeding materials to machinery and testing and checking parts are the right option
For further detail about the production career refer to this
https://brainly.com/question/3294227
Which of the following is not a benefit of using a switch?
It is capable of filtering undesired packets.
O It is more complex than a router.
O It is more complex than a hub.
They direct packets instead of just broadcasting them to the whole network.
Answers
Answer:
The statement "It is more complex than a hub" is not a benefit of using a switch, but rather a characteristic or disadvantage. Switches are generally considered more complex than hubs because they have more advanced features, such as the ability to filter and direct packets to specific devices. However, this complexity can also make them more expensive and difficult to configure.
Explanation:
Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF
Answers
Answer:
$23,052
Explanation:
The computation of operating cash flow is shown below:-
Before that we have to determine the net income which is
Income statement
Sales $53,000
Cost ($24,200)
Depreciation ($2,550)
EBIT $26,250
Interest expense ($2,300)
Earnings before tax $23,950
Tax (5,748)
(24% × $23,950)
Net income $18,202
Now,
Operating cash flow = EBIT + Depreciation - Tax
= $26,250 + 2,550 - $5,748
= $23,052
What is viability factors researches the demand for products or services?
Answers
Answer:
Viability is a mass noun that refers to something's capacity or potential for success. It may be a demand, an idea, a project, or even a plan to change how a business runs. Establishing viability is the goal of a viability evaluation. Product viability is the capacity of a software product to maintain itself or reach its potential.
Explanation:
The term "market viability" describes the commercial potential of a certain market. You may decide whether starting a business in a specific market makes financial sense with the use of a market viability analysis.
Industry size: Is there adequate room on the market for new vendors? Exists room for improvement?
Target market: Do potential customers have more money to spend? Can they afford to purchase your offering?
Competition: Who are the major retailers in this industry, in terms of competition? What are their advantages and disadvantages? How are you going to rival them?
Your objective is to eliminate any markets that are too small, too competitive, or comprised of clients who are unable or unable to pay your prices.
.In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. All data are in billion dollars:
Category Value
Consumption 4,500
Gross Investment 1,200
Depreciation 655
Profits 655
Exports 500
Compensation of Employees 5240
Government Purchases 900
Direct Taxes 750
Saving 546
Imports 550
Find GDP using the (a) expenditure and (b) income approach.
Answers
The Gross Domestic Product (GDP) of a nation is the sum of all final goods and services produced in that nation over a specified period.
There are two approaches to calculate GDP: expenditure approach and income approach. Given, Category Value Consumption 4,500Gross Investment 1,200 Depreciation 655Profits 655Exports 500Compensation of Employees 5240Government Purchases 900Direct Taxes 750Saving 546Imports 550(a) Expenditure Approach: GDP = C + I + G + (X - M)where, C = Consumption I = Gross Investment G = Government Purchases X = Exports M = Imports Substituting the given values, we have, GDP = 4,500 + 1,200 + 900 + (500 - 550)GDP = $4,500 + $1,200 + $900 - $50GDP = $7,550 billion(b) Income Approach: GDP = compensation of employees + gross profits + taxes on production and imports + depreciation + net indirect taxes Substituting the given values, we have, GDP = 5,240 + 655 + 0 + 655 + 0 - 750 + 655 + (-655)GDP = $5,000 billion Thus, the main answer is: Using the expenditure approach, GDP is $7,550 billion. Using the income approach, GDP is $5,000 billion.
To know more about Gross Domestic Product visit:-
https://brainly.com/question/13884253
#SPJ11
use the table and proivded and explain the law of diminshing returns
plz help asap
Answers
Answer:
The law of diminishing returns states that at some point, the amount of additional output per amount of additional input decreases more and more as more inputs are used. In other words, at some point the marginal product will continuously decrease with more labor (input).
This is reflected in the table, where marginal product decreases past 2 units of labor. At 2 units, the marginal product is 14. This reduces to 6 at 3 units, and further to 2 with 12 units of labor.
Explanation:
Use this with "kind."
True
False
Answers
Answer:
??? what do you mean? please be more elaborate