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never [62]
3 years ago
6

In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the po

pulation of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is _____ and total output in Delta is _____.
Business
1 answer:
cupoosta [38]3 years ago
8 0

Answer:

Total output in Gamma is $2,400,000,000 and total output in Delta is $4,800,000,000.

Explanation:

The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed.

The number of worker in Gamma = 60% x 200,000 = 120,000 people

The number of worker in Delta = 60% x 400,000 = 240,000 people

Total output = Average labor productivity x The number of worker

Total output in Gamma = $20,000 x 120,000 = $2,400,000,000

Total output in Delta = $20,000 x 240,000 = $4,800,000,000

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For a firm in a perfectly competitive​ market, price is
Zigmanuir [339]

Answer:

The correct answer is D. equal to both average revenue and marginal revenue.

Explanation:

A perfectly competitive market or market of perfect competition is that market in which two characteristics are fulfilled:

1) there is a large number of buyers and sellers in such a way that the influence they individually exert on prices is negligible;

2) the goods or services that are exchanged are the same. [Supply and demand] Perfect competition is the situation of a market where companies lack the power to manipulate the price (price-acceptors), and there is a maximization of well-being.

This results in an ideal situation of the goods and services markets, where the interaction of supply and demand determines the price. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by different vendors are largely identical. Companies can freely enter and exit the market.

8 0
3 years ago
At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the
Colt1911 [192]

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

6 0
3 years ago
When writing a sales message in which price is an issue, what can you do to reduce resistance? Check all that apply.
arsen [322]

Answer:

The correct answer is letter "C": Compare your prices favorably with those of a competitor.

Explanation:

At the moment of the purchase, consumers are quality and price given in their decisions making. Most of them, are likely to give up on some of the additional features of a certain good or service towards another because of the differences in the price. So, while giving a sales message where the price is an issue and if our price is favorable in contrast to the competitors, it must be highlighted to attract the consumer's attention and preference.

7 0
3 years ago
Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about th
VladimirAG [237]

Businesses Fail by Entrepreneur - You start your business for the wrong reasons
There’s No Market or Too Small of a Market
Poor Management
Insufficient Capital
The Wrong Location
Lack of Planning
An entrepreneur can do these things to increase the chance of success Study the competition
Conserve cash no matter how good business is
Research new products and services
Don't tackle huge markets at first
Listen to customer feedback and adapt
Make proper strategy
Target the Customers Your Competitors Leave Behind
Invest in Learning New Skills
Stay Positive
Create a Budget and Stick to It
Focus on Sustainable Growth
To learn more about Entrepreneur and business please refer to-
brainly.com/question/1620843
#SPJ4

5 0
2 years ago
On January 1, 2015, Anna invested $5,000 at 5 percent interest for one year. The CPI on January 1, 2015 stood at 2.37. On Januar
Inga [223]

Answer:

The correct answer is c) 3.7 .

Explanation:

The first thing we should do is calculate inflation: (2.40 - 2.37) / 2.37 = 1.3

Inflation Rate = 1.3

2.) Calculate the real interest rate

Real interest rate = nominal interest rate - inflation rate

5 - 1.3 = 3.7

3.7 is the real interest rate

5 0
3 years ago
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