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
____ [38]
3 years ago
5

Consider an economy that only produces two goods: DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD playe

rs were sold at $100 each, while this year 150 DVDs were sold at $10 each and 10 DVD players were sold at $60 each. Real GDP for this year using last year as the base year is
Business
1 answer:
dangina [55]3 years ago
3 0

Answer:

$4,000

Explanation:

Given that,

Last year:

DVDs sold = 10

Selling price of each DVD = $20

DVD players sold = 5

Selling price of each DVD player = $100

This year:

DVDs sold = 150

Selling price of each DVD = $10

DVD players sold = 10

Selling price of each DVD player = $60

Real GDP:

= (No. of DVDs sold this year × Selling price of each DVD last year) + (No. of DVD players sold this year × Selling price of each DVD player last year)

= (150 × $20) + (10 × $100 )

= 3,000 + 1,000

= $4,000.

You might be interested in
Building Supplies is considering a merger with Tools and More. Building's total operating costs of producing services are $4 mil
Natalka [10]

Answer:

We generally calculate total average cost by dividing total cost / total output units.

In this case, we are not given the output units, but instead we are given the output value, so we should find a percentage from total revenue.

total costs = $4,800,000

total revenue = $20,000,000 + $5,000,000 = $25,000,000

average total cost = ($4,800,000 / $25,000,000) x 100 = 19.2%

This means that for every $100 of revenue, the merged company will spend $19.20.

7 0
3 years ago
The value proposition for the AARP brand is seen in what kinds of benefits for the members? (Select 3)
FrozenT [24]

Answer:

Ensuring products are well below the going market rate.

Quality of products offered.

Efforts to improve the lives of members.

Explanation:

3 0
2 years ago
The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi
ICE Princess25 [194]

<u>Explanation:</u>

First, remember that the difference between <em>normative and positive economic analysis</em> is that;

Normative analysis take a somewhat neutral view by stating how the world should be. While

The Positive analysis states the facts. That is, it describes the world as it is.

<u> Thus, a </u><u>Normative analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

c. In some cities such as San Francisco and New​ York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.

d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.

<u>And a </u><u>Positive analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

a. The minimum wage law causes unemployment.

b. A minimum wage law benefits some groups and hurts others.

4 0
2 years ago
Technology combined with rapid international communication of news, entertainment, and lifestyles is dramatically increasing the
harina [27]

Answer:

True

Explanation:

The great advances in the mass media and technology have marked consumer habits in our society. One of the most influential today is television, because it can change the way people act or think and, in this way, create a different reality through advertising, most experience the impact of advertising by the large number of hours spent surfing the net.

6 0
3 years ago
Kane manages a used bookstore. He reads a report advising him to stock
sergeinik [125]

Answer:

I would say that the answer is D. If he knows that people don't buy encyclopedia's, yet he stocks them, the store could lose money because no one would buy it.

Explanation:

Hope this helps. :D

4 0
2 years ago
Read 2 more answers
Other questions:
  • What is the most popular gaming company?<br><br> Answer: SQUIMIX
    8·1 answer
  • A company uses the allowance method to account for uncollectible accounts receivables. When the firm writes off a specific custo
    12·1 answer
  • A new associate recently joined your team. He is struggling with the feedback-rich environment in which team members are encoura
    6·1 answer
  • Information needed to prepare an income statement’s Expense section is obtained from a work sheet’s Account Title column and
    14·1 answer
  • he HR department at Bailey Services is considering offering telecommuting as an option to some experienced employees. At a meeti
    11·2 answers
  • Which one of the following is a leakage from circular flow of income?
    14·1 answer
  • Materials from a source text without property citing the source is an example of plagiarism -(drivers Ed).
    7·2 answers
  • When a solution is specifically designed for a particular problem or set of problems, it is
    7·1 answer
  • Quail, Inc., has a contribution margin of 40% and fixed costs of $121,840. What is the break-even point in sales dollars
    10·1 answer
  • The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!