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Ivenika [448]
3 years ago
7

Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000

500 D $10,000 2,000 E $8,000 800 Although countries C and D have the same level of gross domestic product (GDP), country C has a level of per capita GDP that is ________ times that of country D.
Business
1 answer:
polet [3.4K]3 years ago
4 0

Answer: 4 times

Explanation:

GDP per capita is a way of measuring the wealth Distribution in a country. It is calculated by dividing the Gross Domestic Product by the population of the country. The aim usually is to see if the Country's economy is big enough considering the amount of people it has.

Country C has a GDP per capita of,

= 10,000/500

= $20

Country D has a GDP per capita of,

= 10,000/2,000

= $5

= 20/5

= 4

Country C has a GDP per capita that is 4 times that of C.

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3 years ago
The rent for a booth at the local flea market is $150 per month with a $15 charge for utilities. The variable cost per picture f
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Answer:

Break-even point in units = 11 units

Explanation:

Given:

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Contribution = Sale value - Variable cost

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Computation of break-even point in units:

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8 0
3 years ago
for a monopolist, the market demand curve: a is also the demand for the monopolist's product. b is not important since the monop
viktelen [127]

Option c.) is more elastic than the demand curve facing a perfectly competitive firm as the demand curve or the AR curve of a perfectly competitive firm is parallel to the horizontal axis, perfect elastic is the correct answer.

This means that the company does not control the price. The company assumes a price and sells the quantity of the product at that price. In a perfectly competitive market, a single firm faces a demand curve with infinite elasticity. In a perfectly competitive market, firms do not fix prices, but choose levels of production at which marginal costs equal market prices.

Under conditions of perfect competition, a firm can sell any quantity of goods at the prevailing price, so the firm's demand curve is perfectly elastic. So even a small price increase will result in zero demand. This suggests that the company does not control prices.

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3 0
2 years ago
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Answer: Informal proposal

                                                             

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But in the given case, the prospective project under consideration have a very small scale and does not gonna have huge impact. Thus, in suich situations informal proposal is a better alternative.

Thus, the correct option is informal proposal.

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4 years ago
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SOVA2 [1]
False, you won't ALWAYS be able too. 
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Read 2 more answers
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