In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.
Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.
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<h3>Statement by Fallacy</h3>
"This work is driving me crazy!"
The above sentence is said by Fallacy a worker of a cafe in a busy shopping mall, She tries her best to serve the customers but the customers are quite rude and that is the reason why she said such a dialogue.
<h3>Customer Behaviour</h3>
Fallacy wants the customers to act kindly and be a little patient, but that is completely the opposite of what is reality.
She is unable to leave the job as it is a well paid job and she is not able to find another job that can pay her this much salary.
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Answer:
They sold 40 shirts and 40 magazine subscriptions.
Explanation:
profit per shirt = $5
set up costs = $40
profit per magazine = $4
S = shirts
C = setup costs
M = magazine
5S - C = 4M
S = M so we replace
5S - 40 = 4S
5S - 4S = 40
S = 40
They sold 40 shirts and 40 magazine subscriptions.
Answer:
4 shirts
Explanation:
Principle of Optimization at the Margin states that the individual maximises utility when consuming a prpduct as long as the marginal benefit exceeds to marginal cost. If marginal cost is greater than the benefit the consumer will find another alternative.
In this instance Maria sees the short as value of $40, while sale price is $21
So when she buys the first shirt her perceived cost is now 40- 5= $35
For the second shirt perceived cost is 35-5= $30
For the third shirt perceived cost is 30-5= 25$
For the fourth shirt it is 25-5= $20
At this stage cost is slightly higher than the benefit and she will stop buying shirts.
