Answer:
$400
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Inventory grew by (200 - 100) $100
$50 of value was created
total gdp = $100 + $250 + 50 = $400
Mary has the competitive advantage for chairs and lamps.
Absolute comparative advantage is the ability to produce something more efficiently than someone else..
A. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist
Answer:
Standard markup pricing
Explanation:
The reason is that under standard markup pricing the cost of the product is deemed 100% and markup is calculated by multiplying the percentage markup with the total unit cost which is 100%.
For your understanding of standard markup pricing:
Selling price = Cost + Profit
160% = 100% + 60%
By putting values:
Selling price 160% = $30 is 100% Cost + 60% of 100% cost is profit markup
Selling price 160% = $30 + $30 * 60% = $48
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