Answer:
A. lower profit margin for Product X
Explanation:
The reason why business would shift more production of X than Z is due to the fact that profit margin for Product X is higher than that of Z.
When doing business, the producers care most about the profit (profit = revenue - cost). The higher the profit is, the more the can really earn.
Meanwhile, the market price of each product may only reflect the revenue that the producers earn from a quantity of products, not the profit. In addition, it depends on the cost as well to determine if the higher price is beneficial or not.
And equal opportunity cost between X and Z means that produce one in these products would still benefit the business the same. So it would not affect the shift.
Answer:
$100
Mona Lisa painting
Explanation:
To start with, I will list the 3 primary functions of money, which are;
store of value,
unit of account, and
medium of exchange.
Going by the above, I would say that 2 of the 4 options presented before us are money, why so?
A $100 bill is definitely money, no much explanation is needed here, because it's used daily as a means of exchange between people
2. Euro is not a form of money in the US. While it is a form of money in many other places, it's not in the US because it doesn't satisfy the "medium of exchange" criteria of function of money. Euro can not be spent in a store or anywhere in the country, without it having been first exchanged into dollars
3. Mona Lisa painting, part of the functions of money is to store value, and I believe very much, a painting is a good store of money in that regard.
4. American Express credit card is not a form of money because unlike money
being used essentially, to pay for goods and services directly, a credit card is more or less, a store of wealth that is lent by the bank
Answer:
The answer is: the products from Treetopplers are EXCLUDED from the GDP
Explanation:
The wood Treetopplers sold to Buildit and Partners are considered intermediate goods (goods that are used to produce other final goods) because they are materials used to build houses. They are not included in the GDP.
Only final goods and services are included in the GDP.
well... this is a statment not a question so it doesnt really make snce but yes you should research the company
Answer: False
Explanation: In simple words, perfectly competitive markets refers to the markets in which there are large number of sellers operating at a small level. The products offered by the participants are similar and there is no scope of earning unlimited profits.
The public utilities such as electricity and water is usually maintained by the govt. itself or by a private institution under the complete guidance from govt. It is seen as a monopoly market.
Hence the given statement is false.