Answer:
GDP= $22
Explanation:
The groos domestic product (GDP) formula is:
GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)
The problem gives the following information:
G= $12
I=$10
X-M= $0
We do not have information about consumption, then we assume is zero.
GDP= $0+$10+$12+$0
GDP=$22
The answer to this question is <span> B) the classical economists.
Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.
In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)</span>
Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.
Solution , explanatory , inquiring
Answer: variable; fixed
Explanation: In the short run, Kyoko's workers are variable inputs. This is because, the number of workers needed can be varied based on production needs, even in the short run. Examples are energy, labor etc.
Kyoko's ovens are fixed inputs. Fixed inputs are those inputs whose quantities cannot be changed in the short run by a firm as it seeks to change the quantity of output produced. Examples are equipment, land and building.
