$5000 is the GDP
Explanation:
GDP calculates the value of final goods and services produced in a given year. The value of goods and services produced is included in GDP measurement and not the value of goods and services sold.
GDP is the largest quantitative measure in the overall economic output of any country.In fact, GDP measures the monetary value of all goods and services produced over a given period within a country's geographical boundaries.
The GDP per capita ratio to the entire region's population is the average standard of living.
Given:
Blue Ace Autos Inc: cost of goods sold / revenue = 63.4%
Ferdova Autos Inc.: cost of goods sold / revenue = 54.2%
The percentage rate represents the part of the revenue that the cost of goods sold is a part of. This means that the revenue is 100%. The difference of the revenue and cost of good sold is the profit. The higher the percentage of the profit, the better.
Blue Ace Autos Inc: 100% - 63.4% = 36.6%
Ferdova Autos Inc: 100% - 54.2% = 45.8%
Ferdova Autos Inc. earn a higher profit (45.8% of revenue) than Blue Ace Autos Inc (36.6% of revenue).
Well we live really far so
Answer:
At 1.783 or more, the conversion yield better gain than sales the corn
Explanation:
The ethanol conversion become attractive if the cost for doing the conversion are lower than the sale revenue for the product.
<u>total cost: raw materials + conversion cost</u>
corn price: $ 3.75
conversion cost: $ 1.60
Total cost: $ 5.35
<u>output: gallon of ethanol per bushel</u>
3 gallons of ethanol per bushel
total cost / output = 5.35/3 = 1.783 cost per gallon
Answer:
The correct answer is $0,20.
Explanation:
The marginal cost, at each level of concrete production, indicates the costs we incurred in carrying out said production. Basically, it is an indicator that will allow us and help to make decisions regarding the preparation and production of goods and services.
In the previous case, the cost of buying two tacos for $ 75 each plus a $ 80 bedid is as follows:
Tacos: $ 75 * 2 = $ 1,50
Drink: $ 80
TOTAL = 2,30
For its part, the second option is priced at $ 2,50
Subtracting the results, the marginal cost is defined as follows:
$ 2,50 - $ 2,30 = $ 0,20
