Answer:
a, c , d
investment
decreasing
no effect
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
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. Externalities
Investment spending by businesses includes purchases made by businesses. So, investment spending increases. Net export decreases because import is a negative function of GDP. The increase and decrease cancel each other out and there would be no change in GDP
Answer:
The correct answer is letter "A": True.
Explanation:
The costs of manufacturing are the total expenses companies incur during the production process. They mainly include <em>direct materials, labor, </em>and <em>overhead</em>. Besides, the prices of the three (3) factors mentioned above and their size (quantity) are considered factors that determine the manufacturing costs.
Answer:
D
Explanation:
If the cost function C is continuous and differentiable, the marginal cost MC is the first derivative of the cost function with respect to the output quantity Q:
MC(Q)= dC/ dQ.
The marginal cost can be a function of quantity if the cost function is non-linear. If the cost function is not differentiable, the marginal cost can be expressed as follows:
MC=^C/^Q
where ^ denotes an incremental change of one unit.
