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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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Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
statuscvo [17]

Answer:

<u>C) cross-functional</u>

Explanation:

  • Aa per the teams that are made up of the different department of work the cross-functional team will be one that is most likely to be from the same hierarchy level of a flat organization but shows a mix of the finance, IT, human resource and telecom, etc, working towards a common goal.
  • Have a high level of groupthink and periodicity and have a greater depth of information and work in a collaborated form may use, multiple channels
6 0
3 years ago
The market for land is competitive and in equilibrium at the rental rate of $500 per acre and the supply of land is perfectly in
Elina [12.6K]

Answer:

Falls by $100,000

Explanation:

In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.

Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000

We now calculate the price or worth of the land when demand falls

This is mathematically equal to 400 * 1000 = $400,000

Now, the net economic rent fall would be $500,00 - $400,000 = $100,000

Hence, there would be a fall of $100,000 as the demand for land falls

5 0
3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

#SPJ4

The question is incomplete. Your most probably complete question is given below:

State whether true or false.

6 0
2 years ago
What scenarios would cause the u.S. Short-run aggregate supply curve to shift to the left?
sammy [17]

Answer:

Explanation:

The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.

8 0
3 years ago
In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redr
Vinil7 [7]

Answer:

The answer is:

Trade deficit;

Foreign Direct Investment;

Restrict.

Explanation:

In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.

Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.

Foreign Direct Investment is the ownership of business in another country.

Restricting trade can makes home infant industries more competitive.

3 0
3 years ago
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