In 2017, I bought a used sailboat for $25,000. In 2022, I sold that boat for $25,000. To do so, however, I had to pay a middleman $500 to find me a buyer. Which of the following represents the amount that will be reflected in the 2022 GDP? $25,000 O$25,500 0.$500
Q: Suppose the following figure shows the domestic market for hockey sticks in a certain country. The…
A: When world price of a good is below the equilibrium price, the country imports the excess demand of…
Q: The shape of a firm's long-run average cost curve depends on how costs vary with scale of operation.…
A: A firm's or company's entire production process is a synthesis of numerous costs, the ideal quantity…
Q: What is Charles's implicit cost of production? Charles's implicit cost of production is $ per year.…
A: Implicit cost refers to the opportunity cost of using the own resources of entrepreneurs in…
Q: Which of the following are production activities that are included in GDP? Which are not? Explain…
A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…
Q: How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3…
A: Compounding interest is a type of interest calculation where the interest earned on a principal…
Q: Given that Nathan has 10 acres and can grow 15 bales of hay or 40 bushels of corn on an acre, while…
A: Given that: Acres of land Nathan owns = 10 acres Nathan can produce 40 bushels of corn or 15 bales…
Q: a. Private saving is : $ ___Trillion b. Investment Spending is : $___Trillion c. Transfer…
A: In closed economy, there is neither export not import. At equilibrium, Y = C + I + G National…
Q: After this latest policy, output is now at (A) O a. (A) Y3; (B) the same; (C) appreciation O b. (A)…
A: ***Since the student has not provided the complete question, hence, the expert can only solve the…
Q: If absolute value of price elasticity of demand is 1/2, this is an example of elastic demand. • True…
A: The elasticity of demand is calculated as th percentage change in quantity divided by the percentage…
Q: #1b: At the end of the fourth quarter of 2022 (December 2022) was the United States economy…
A: According to Keynesian, there is a change in output due to changes in investment, consumption, and…
Q: Name at least one fiscal policy and one monetary policy the federal government enacted in response…
A: Fiscal policy: The use of government spending and taxation policies to influence economic activity,…
Q: How is human poverty different from income poverty?
A: Poverty refers to a situation where individuals or households do not have enough resources to meet…
Q: Given the uncertainty in determining costs and impacts in the environmental world, are the customary…
A: A collection of approaches and methods used in economics to evaluate the advantages and…
Q: The occurrence of ____ includes GREATERr INTEGRATION OF ECONOMIC ACTIVITIES, PRODUCTS, AND SYSTEMSr…
A: Economic activity can be described as the combination of using different resources like products,…
Q: a fixed exchange rate regime, which of the following is true? a. Devaluation of the exchange rate…
A: A fixed exchange rate regime is a monetary system in which a country's central bank or monetary…
Q: Please i really want an explained answer, new one not copy paste. Or else i down vote. A company…
A: A few years ago, the cost of the tube = was 10. The market price of pipe = 9.
Q: If the government wants the economy illustrated in Exhibit 12-4 to be at full employment, it should
A: Graphical presentation
Q: Given the following information, what would be the value of M1? Small time deposits $650…
A: Money supply is used to calculate the flow of money in the economy. The money is the medium of…
Q: What are the main products that Egypt exports and to who? What are the main products that Egypt…
A: The answer is based upon the trade data of Egypt available at "OEC World"
Q: The money demand market is currently in equilibrium with MS = MD and the equilibrium interest rate.…
A: Money market equilibrium arises at the rate of interest at which the quantity of money demanded and…
Q: Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each…
A: Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each…
Q: suppose that you deposit 8000 in your bank and the required reserve ration is 15 percent the maximum…
A: You deposit 8000 in your bank account. The required reserve ratio is 15 percent.
Q: . With trade, how many units will be . Without trade, consumer surplus ar . Without trade, total…
A: A nation will import from the rest of the world if domestic demand is greater than domestic supply…
Q: In the Keynesian model, the effect on equilibrium aggregate expenditure and output of an increase in…
A: The Keynesian model emphasizes the importance of the role of aggregate expenditure (AE) in…
Q: Suppose the economy of Mistania has an adult population of 600 million people. 43 million workers…
A: When individuals are eager and able to work but are unable to find employment despite actively…
Q: 1. Fill in the missing values in the table which represents the costs of a firm: Quantity TC FC VC…
A: Note : As you have posted multiple questions. But as per the policy we are allowed to answer the…
Q: You have an investment opportunity that costs $35,000 and eight years later pays a lump-sum amount…
A: Given Initial investment amount P=$35000 Future amount received F=$100,000 Time period (n)=8 years…
Q: factors that would cause variations between expected and actual work performances
A: There are various factors that affect the actual performances of employees as employees are humans…
Q: Which of the following is correct about R-squared? 1. R-squared measures the goodness-of-fit of…
A: R-squared, also known as the coefficient of determination, is a statistical measure that evaluates…
Q: A city is planning to renovate their current facility with hi-tech computerized systems. Four plans…
A: A benefit-cost ratio (BCR) is a pointer representing the connection between the relative costs and…
Q: Refer to the above graph. Under purely competitive abor services, the wage rate will be: OW₁ and Q₁…
A: Marginal resource cost (MRC) measures the change in a firm's total cost of resources due to a change…
Q: True false or uncertain. Explain why 1. A monopolist with no costs maximizes marginal revenue 2.…
A: Monopoly is a market form where there exists a single firm that produces a unique product that has…
Q: Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: You have decided that upon retirement you will buy a mansion in Hawaii with cold cash after 14…
A: Cash flow diagrams visibly show income and expenses over some time interval. The diagram involves a…
Q: Suppose the economy's short-run aggregate supply (AS) curve is given by the following equation:…
A: The short-run aggregate supply curve is given by the following equation: Quantity of Output Supplied…
Q: The following graph refers to a situation wherein an oligopolistic firm faces a kinked demand curve.…
A: The firms in an oligopoly may collude to set prices or output levels, leading to reduced competition…
Q: An artist is planning to sell signed prints of her latest work if 50 prints are offered for sale,…
A: Revenue refers to the total amount of money earned by a company through its sales of products or…
Q: n Your Own Words, what does it mean to be made "Whole" after a Contract Breach? Give typing answer…
A: Contract breach: contract breach refers to a situation where one party fails to fulfill their…
Q: a. In examining the market for personal computers, a technological improvement reduces the cost of…
A: Demand curve shows an inverse relationship between price and quantity demanded whereas supply curve…
Q: What is the cross elasticity of demand between peanut butter and chocolate spread (use the midpoint…
A: A positive cross elasticity indicates that the two goods are substitutes, while a negative cross…
Q: 2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred…
A: A perfectly competitive firm is one of many firms producing identical goods. This makes the firms…
Q: Give typing answer with explanation and conclusion a profit-maximizing, monopolistically…
A: In a monopolistically competitive market, many firms operate and produce differentiated products.…
Q: With the economy changing from a farm/agricultural based economy to industrial based explain what…
A: The transition from a farm/agricultural-based economy to an industrial-based one had significant…
Q: A bridge is to be constructed now as part of a new road. Engineers have determined that traffic…
A: Given information The initial cost for Two-lane bridge=$210000 The initial cost for four-lane…
Q: Find the opposing rates that would exactly offset the following changes: [First note which direction…
A: We need to find a rate in opposite direction which will cancel out the given change . Something…
Q: Consider the OLS estimator 3;. Under the Gauss-Markov assumptions, O the estimator is the best…
A: The Ordinary Least Squares (OLS) estimator does have the least sampling variance among the class of…
Q: 3 For products A and B, the joint-cost function for a manufacturer is c = 92 +693 and the demand…
A: Total revenue is the product of price and quantity. Marginal revenue is the derivative of total…
Q: What factors determine whether the national debt is a cause for immediate concern?
A: The entire sum of money that a government owes its creditors, which might be both people and other…
Q: Which of the following statements is correct? Multiple Choice If supply decreases and demand…
A: Demand curve slopes downward and it shows a negative relationship between price and quantity…
Q: Question M The Option for the answers are: - equal to - less than - equilibrium - a shortage -…
A: Any economy is supported by a stream of supply and demand. Economic theories come in a wide variety…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Manchester United TV Subscription (annual) Value to a non-Manchester United soccer fan Basic Package $30 $40 Deluxe Package Value to Manchester United fans $120 $200 The table above shows how much the a non-Manchester United fan and a Manchester United fan would pay for an annual subscription to Manchester United TV. The marketing team at Manchester United decides to offer two packages: a basic package that includes all games of the main, youth and women's teams (delayed by one day) and a deluxe package that includes the games (delayed by one day), recording of games from past seasons, and exclusive player interviews. Because there are many more non-Manchester United fans, the marketing team decides to offer the basic package for $30 to attract these fans. What is the maximum price they can charge for the deluxe package if they want Manchester United fans to subscribe to the deluxe package rather than also subscribing to the basic package.A diesel refinery is upstream of an industrial farm. The runoff from the refinery pollutes the river and damages the crops. The farm earns $499 using the polluted water, but would earn $628 if it were clean. The refinery earns $1772 but would only earn $1607 if it had to divert resources to prevent the runoff. There are no environmental laws. Assume that a scrubbing machine that would prevent the runoff costs $24 plus an installation cost. What is the most that installation could cost for clean water to be the socially optimal outcome achieved through private bargaining? O a. $141.00 O b. $36.00 O c. Anything, the machine is not required as clean water will already be achieved. O d. $105.00 O e. $165A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,938 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $5,473 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,139. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%? Enter your answer as follow: 123456
- A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,777 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $5,669 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,110. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%?Manchester United TV Subscription (annual) Value to a non-Manchester United soccer fan Value to Manchester United fans Basic Package $30 $40 $35 $80 Deluxe Package The table above shows how much the a non-Manchester United fan and a Manchester United fan would pay for an annual subscription to Manchester United TV. The marketing team at Manchester United decides to offer two packages: a basic package that includes all games of the main, youth and women's teams (delayed by one day) and a deluxe package that includes the games (delayed by one day), recording of games from past seasons, and exclusive player interviews. Because there are many more non-Manchester United fans, the marketing team decides to offer the basic package for $30 to attract these fans. What is the maximum price they can charge for the deluxe package if they want Manchester United fans to subscribe to the deluxe package rather than also subscribing to the basic package.The owner of an independent full-service lodging property has reviewed your proposal for the installation of a property management system. The proposal is thorough; it includes all the necessary steps outlined in this chapter. However, the owner says that due to economic conditions at this time, we have to cut back and purchase only five of the eleven modules in the proposal. Which of the five modules would you maintain? Justify your decision. a. Reservations b. Revenue Management c. Registration d. Room Status e. Posting f. Call Accounting g. Back Office h. Housekeeping i. Food and Beverage j. Marketing and Sales k. Night Audit *Write in at least 1000 count of words.*
- 3. You have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b…Paolo lives in Philadelphia and operates a small company selling scooters. On average, he receives $712,000 per year from selling scooters. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $412,000. He also pays several utility companies, as well as his employees wages totaling $269,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $1,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Paolo does not operate the scooter business, he can work as a nurse and earn a yearly salary of $21,000 with no additional monetary costs, and rent out his storefront at the $1,000 per year rate. There are no other costs faced by Paolo in running this scooter company. (Questions in images)Chevy sells the Corvette for $60k - $80k, yet some research unveils that it costs little over $25k to produce. If the BEP for the Corvette is so low, why then does Chevy price this sports car so high?
- A manufacturing company leases a building for $110,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $14 in labor and $10 in materials. The product can be sold for $39. How many units must be sold each year for the company to earn a profit of $65,000 per year? Choose the closest answer below. A. 10,400 B. 13,000 C. 20,800 D. 7,800 E. 18,200Sunk Cost - Peter Takesha, the manager of testing services at a medical diagnostics firm, purchased a new lab testing machine last year for $30,000. This year a new ma-chine, which is faster and more reliable than Peter's current model, is on the market. In deciding whether to purchase the new machine, should Peter consider how much he paid for the old ma-chine? Should he consider the value of the old machine in the used equipment market?Help Save Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary. Permitted profits at the regulated subsidiary are equal to 10 percent of total costs. The initial profit picture for the subsidiaries is provided in the table below: Unregulated Subsidiary Regulated Subsidiary Total $ 650,000 N/A revenue $ 350,000 $300,000 $1,000,000 $ 100,000 Total costs Total profit If the unregulated subsidiary doubles its selling price to the regulated subsidiary, what are the new profits at Instructions: Enter your responses as a whole number. (a) The unregulated subsidiary? profit = $ (b) The regulated subsidiary? profit = $ & 23 24 8. *00 w/ %S4