Answer:
$705
Explanation:
GDP is the monetary value or price of all finished goods ans services produced in a country or region in an specific period of time. To calculate it we use this formula:
GDP= Consumption (C)+Domestic Investment (I)+Governmet expenditures and income (G)+ Net Exports (total exports minus total imports) (NX)
In this case we have, Capital Consumption Allowance (CCA): the percentage of GDP that a country must spend each year to maintain the certain economic production level.
This account is used when we have an income approach of the GDP and when we calculte the net domestic product (NDP). This formula is used when we calculate NDP.
NDP= C+I+G+NX-CCA
And also we have a formula that incorporates NDP and GDP.
NDP=GDP-CCA ⇒ GDP=NDP+CCA
So, CCA must be added to NDP to obtain GDP.
The problem also have the concept of inventories. Inventories are a stock and GDP measures a flow of production. If we want to use inventories in the GDP calculation, the change in this stock must be included.
For this problem we calculate first the NDP
NDP=$500+$100+$50+($75-$40)
NDP=$685
Then we calculate the GDP
GDP=$685+$25
GDP=$710
Then we add the change in inventories which was a fallen by 5%
GDP=$710-$5
GDP=$705
The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.
An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.
What's equilibrium price and demand?
The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.
What's particular approximately an equilibrium price?
An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.
What's the maximum essential characteristic of the equilibrium price?
The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.
Learn more about equilibrium price here:- brainly.com/question/22569960
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I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.
Answer:
The marginal cost will most likely increase to $2.00
Answer:
Since all businesses, except sole proprietorships, must obtain a state charter to start operating, the best place to look for is the state's statutes which regulate them.
A state statute is basically a state law that regulates or prohibits certain activities, and it must be passed by state legislatures. State legislatures generally have all their statutes organized and available for the public, e.g. by accessing the state legislature's website you can generally access all the statutes passed by them and search for the ones that apply to S corporations.
