1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The Quarter Burger is a hamburger sold by the international fast-food chain Sammy's Burgers. It was given the name because it co
timama [110]

Sammy's quarter-pound burger is positioned by: price-quality

<u>Explanation:</u>

The price-quality way of positioning practices the similarity within price and quality before-mentioned that it optimally values a commodity according to the feature of the commodity to retain the commodity hovering in the customer's perception. Pricing does not necessitate to be huge for more leading positioning.

Marketers frequently do price/ quality properties to locate their trademarks. Although the price is an essential factor, the commodity quality must be tantamount to, or indeed more reliable than, fighting trademarks for the positioning strategy to be active.

8 0
3 years ago
Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for C
yarga [219]

Answer:

$8

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price

The consumer surplus of the 10th scarf :

Willingness to pay for the 10th scarf - price of the scarf

Willingness to pay for the 10th scarf =  $200 / 10 = $20

Consumer surplus = $20 - $12 = $8

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
oee [108]

Answer:

b) overall low-cost leadership

Explanation:

By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.

3 0
3 years ago
Sophia is a postal carrier for the United States Postal Service. She frequently complains about all the inefficiencies and unfai
weeeeeb [17]

Answer: Alienated follower

Explanation:

Alienated followers are independent and critical thinkers who participate not to the beam or fullness of their capacity in a group. Sophia is discouged by the inactiveness of her boss concerning her complians and this makes her to complain to anyone who may be willing to speak to him, this makes her a alienated follower.

5 0
3 years ago
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter &amp; Gamble (PG), a
Brrunno [24]

Answer:

Explanation:

The direct material cost is the cost which is incurred for the raw material

The direct labor cost is the cost which is incurred to pay the wages to assembly workers, the labor cost, etc

And, the factory overhead cost is the indirect cost which is required at the time of producing the product. Example - depreciation, repairs & maintenance, etc

So, the categorization is shown below:

a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant = factory overhead cost

b. Licensing payments for use of Disney characters on children products = factory overhead cost

c. Maintenance supplies = factory overhead cost

d. Packaging materials = direct material cost

e. Paper used in bath tissue  = direct material cost

f. Plant manager salary for the Iowa City, Iowa, plant = factory overhead cost

g. Resins for body wash products =  direct material cost

h. Salary of process engineers =  factory overhead cost

i. Scents and fragrances used in making soaps and detergents  = direct material cost

j. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant = direct labor cost

3 0
3 years ago
Other questions:
  • Sxsw utilizes various promotional techniques to reach its target audiences. the use of personal selling, advertising, public rel
    14·1 answer
  • Asking questions about the employer during an interview _____. makes you seem uninformed takes the focus off your qualifications
    10·2 answers
  • Investor Palmer has a diversified portfolio consisting of equity and debt valued at $365,000 at the start of the year. During th
    10·1 answer
  • Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2016. The note, along with interest at 6%, is
    12·1 answer
  • Which of the following is NOT a characteristic of a consumer market?A) It consists of purchasers who intend to consume or benefi
    8·1 answer
  • If Professor Siegel is correct that stocks are less risky than bonds, then the risk premium on stock may be zero. Assuming that
    8·1 answer
  • Todd Williamson and Jim Miranda started their business, Broad Reach Sailing, as a way to earn a living doing something they love
    13·1 answer
  • In the bona fide need obligation rule for requesting funds to fund warfighters, what critical questions do you ask to ensure adh
    6·1 answer
  • Corporate HR for Corner Bookstores knows that sexual harassment in the workplace is a serious issue. In order to provide consist
    7·1 answer
  • The first unit of a product took 400 hours to complete. The firm plans to produce 8 units in the first month and 10 units in the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!