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2 years ago

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A hair stylist receives $6,000 per month from her clients as payment for her services. Each month she buys $1,000 worth of suppl

ies. These transactions contribute ________ to gross domestic product (GDP) each month.

1 answer:

erica [24]2 years ago

8 0

$7,000

She is paid $6k and pays out $1k per month. GDP is a measure of money flowing through an economy.

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Which of the following factors will make the demand for a product relatively elastic? rev: 05_14_2018 Multiple Choice Purchases

Hoochie [10]

Answer:

The good is considered a necessity.

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Usually elastic goods are those that can be replaced, so that rising prices cause a drastic drop in demand that will flow to another product. For example, if the price of the burger rises, consumers may stop buying burgers and substitute pizza (assuming these products are substitutes). On the contrary, if the good is needed, it usually tends to be inelastic, that is, the price increase does not considerably decrease the demand, because consumers need this good. For example, medicines.

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An analyst asked to perform a TCO analysis for a system would need to take into account

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3 years ago

The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross pro

k0ka [10]

Answer:

TRUE

Explanation:

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3 years ago

What report do you receive after you complete the FAFSA?

suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

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4 years ago

Read 2 more answers

Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Unit sales Quarter 1 15,400 units Quarter

adelina 88 [10]

Answer:

Production for Q2 12,700 units

Explanation:

Q2

sales for the quarter 11,000 units

desired ending inventory

20% of Q3

20% of 19,500 = 3,900 units

Total requirement 14,900 units

Beginning inventory

20% of Q2 sales

20% of 11,000 = (2,200) units

Production for Q2 12,700 units

We add the sales and the desired inventory as the production needs.

The beginning inventory is subtracted, those units is work done towards the goal, so we need to produce the differente, which is 12,700 units.

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3 years ago