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3 years ago

The total value of all goods and services produced annually in the united states is called

Business

1 answer:

monitta3 years ago

3 0

The GROSS NATIONAL PRODUCT(GNP)
its the market value of all the products and services produced in a given year

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A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing

Burka [1]

Answer:

profit + consumer surplus.

Explanation:

The profit obtained by the reseller is given by the difference between the amount received on sale ($75) and the purchase price ($40). The consumer surplus is determined as the difference between the willingness to pay ($90) and the actual amount paid ($75). Therefore, the difference between $90 and $40 is the profit plus the consumer surplus.

7 0

3 years ago

Briefly explain the term market economy

Alchen [17]

Answer:

a market economy is a system where the laws of supply and demand direct the production of goods and services

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3 years ago

What is the relationship between the alpha level, the size of the critical region, and the risk of a type i error?

quester [9]

Alpha level is a probability value that is used to define the concept of "very unlikely" in a hypothesis. This value determines he boundaries for the critical region, which is composed of the extreme sample values that are very unlikely to be obtained if the null hypothesis is true. Type I error is <span>when a researcher rejects a true null hypothesis.</span>
The relationship between the alpha level, the size of the critical region, and the risk of a type i error is the following: when the alpha level increases, the critical region increases and type I error increases.

4 0

4 years ago

The receiving department has three activities: unloading, counting goods, and inspecting. Unloading uses a forklift that is leas

stepladder [879]

Answer:

Calculating the cost of each activity,

Unloading = $ 80,100

Counting = $ 37,500

Inspecting = $54,450

Explanation:

Given:

Unloading lease = $15,000 per year

Fuel for the forklift = $3,600 per year

Maintenance for the forklift = $1,500 per year

Inspection uses some special testing equipment that has depreciation of $1,200 per year

Operating cost = $750.

Receiving employees average salary = $50,000 per year

Salaries; 3 × 50,000 = 150,000

Unloading salary = 40% × 150,000 = 60,000

Counting salary = 25% × 150,000 = 37,500

Inspecting salary = 35% × 150,000 = 52,500

Unloading Counting Inspection

Equipment 15,000 1,200

Fuel 3,600

Operation cost 1,500 750

Labor 60,000 37,500 52,500

Total cost 80,100 37,500 54,450

6 0

3 years ago

Raul recently started a real estate company with a unique way of presenting a menu of services, each with a fixed price, rathe

Zigmanuir [339]

Answer:

small business

Explanation:

Based on the company specifications that is provided about Raul's company the most appropriate representation of his firm would be a small business. This is the case because a small business is categorized as any business with one owner controlling and running a business with less than 100 employees. Seeing as Raul only has 21 brokers employed and is planning to expand his model nationally but has NOT yet done so, then he is the owner of a small business.

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4 years ago