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lakkis [162]
3 years ago
7

Suppose a particular model of smartphone contains $150 worth of raw materials and requires $175 worth of labor to produce. One d

ay, one of these phones sells for $400. The seller would have been willing to sell it for as little as $375, whereas the buyer would have been willing to pay as much as $425. Which dollar amount would be used to calculate this transaction’s contribution to gross domestic product (GDP)?
Business
1 answer:
Tresset [83]3 years ago
6 0

Answer:

The answer to this question is $400.

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Answer:

The correct answer is option c.

Explanation:

The law of diminishing returns states that as we go on employing additional inputs the return or payoff from each unit of input will become smaller or go on declining. This means that after a certain point the total output will start increasing on a decreasing rate as we go on hiring more inputs.

In other words, the marginal product of inputs will go on declining with each additional unit of input employed. As a result after reaching a certain point, the marginal product starts to decline.

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________ often assist companies and their employees with ethical issues by formally addressing contributions to government offic
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Answer: Code of ethics

Explanation: Code of ethics refers to the set of principles that guides the professionals to conduct their activities in an ethical manner. A professional can use a code of ethics when ethical dilemma arises during his job.

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The flexible strategy is used to avoid the delay in assessing the external constraints.

The following information regarding accessing external constraints:

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If we accessing the external constraints so the delay could be avoided.

So, The other options seem incorrect

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Learn more about the external constraints here: brainly.com/question/17156848

5 0
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