The <u>economy </u>is the sum total of business activity in an area.
<h3>What is the economy?</h3>
The economy of a country is its status in relation to the production and utilization of goods and services, as well as the supply of money.
This domain includes the:
- Production,
- Distribution, and
- Trading of products and services by various agents.
The economy is described broadly as a social domain emphasizing the activities, discourses, and material manifestations linked with the creation, use, and administration of scarce resources.
Learn more about the Economy here:
brainly.com/question/1690575
Answer: $2.50
Explanation:
We all know that national defense is a non excludable and no rival good which means that one person cannot exclude others from consuming it and the consumption level of national defense remains the same for all the citizens, it will not be reduced from the consumption of one individual.
It was given that each person values every dollar that is contributed towards national defense is at %0.25.
Therefore, if Bob contributes $10 to the national defense fund then his personal valuation of the increase in the fund is only (0.25 × 10)= $2.50.
I guess the correct option is Letter D.
An example of a direct positive incentive is providing a commission for sales.
Answer:
$98,233
Explanation:
Total product costs = direct labor costs + direct material costs + factory overhead
In this case, we must add up the following costs:
- Direct labor = $20,906
- Metal to make the exterior shell of the washing machines (direct material cost) = $50,181
- Electricity to run the machinery in the factory (factory overhead) = $18,939
- Salary of the manager who oversees manufacturing = $8,204
Total product costs = $98,233
The waterbill for the HQ, the salary of the CEO, and the marketing expenses are not included in the calculation because they are not factory overhead specifically.