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3 years ago

How much more output does the $1,100 billion economy in Mexico produce when GDP increases by 3 percent?

Business

1 answer:

WINSTONCH [101]3 years ago

3 0

Answer:

The economy will produce $33 billion more output.

Explanation:

In order to calculate the increase in output we will have to calculate what 3 percent of its old output which is 1100 billion. So 3 percent of 1100 billion will be the increase in output.

0.03*1100 billion=33 billion

The economy will produce $33 billion more output.

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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.

irga5000 [103]

The equilibrium point in a competitive market exists at the point of optimal market efficiency.

<h3>What is competitive market?</h3>

A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.

No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.

To learn more about competitive market refer to:

brainly.com/question/8753703

#SPJ4

7 0

2 years ago

What is the name of the Inca tot of stock market prices that averages 30 selected industrial stocks?

nydimaria [60]

Answer:

Explanation:

I'm smart boy that's y because y = u and u nedda pay attention in class blood

6 0

3 years ago

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of

melamori03 [73]

Questions

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

November 1 November 30

(Actual) (Desired)

Raw materials (pounds) 91,400 86,400

Finished goods 8,500 9,600

(a.) Calculate the number of units of product to be produced during November.

(b.) Calculate the number of pounds of raw materials to be purchased during November

Answer:

Number of units to be produced= 76,100 units

Raw materials to be purchased= 527,700 pounds

Explanation:

<em>Units to be produced</em>

<em>Number of units to be produced = sales budget + closing inventory - opening inventory</em>

= 75,000 + 9,600 - 8,500 = 76,100 units

Number of units to be produced= 76,100 units

<em>Raw materials purchase budget</em>

Raw materials to be purchased = Raw materials to be used + closing inventory of raw materials - opening inventory of raw materials

Raw material usage = production units × standard pounds per unit

= 76,100× 7 =532700 pounds

Raw materials to be purchased = 532,700 +86,400 - 91,400=527700

Raw materials to be purchased= 527,700 pounds

4 0

3 years ago

In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2 yea

Lina20 [59]

Answer:

Explanation:

For computing the demand for each sale, first we have to compute the average sale for each season which is show below:

Average sale in fall = (240 + 260) ÷ 2 = 250

Average sale in winter = (340 + 300) ÷ 2 = 320

Average sale in spring = (140 + 160) ÷ 2 = 150

Average sale in summer = (320 + 240) ÷ 2 = 280

Demand for next fall = (250 ÷ 1,000) × 1,200 = 300

Demand for next winter = (320 ÷ 1,000) × 1,200 = 384

Demand for next spring = (150 ÷ 1,000) × 1,200 = 180

Demand for next summer = 1,200 - (300+384+180) = 336

6 0

3 years ago

R. C. Barker makes purchasing decisions for his company. One product that he buys costs $50 per unit when the order quantity is

astra-53 [7]

Answer:

a. 300

d. 200

Explanation:

EOQ = $\sqrt{(2 * Annual demand * ordering cost) / holding cost } \\$

2 * 7500 * 30 / 0.5

EOQ = 948 units

When price is $48 per unit

EOQ = 968 units

Total cost = Holding cost + ordering cost + purchase cost

When the order is for 500 price is $48

Total cost = $2,400 + $30 + $24,000 = $26,430

When the order is for 300 price is $50

Total cost = $1,500 + $30 + $15,000 = $16,530

When the order is for 306 price is $50

Total cost = $1,530 + $30 + $15,300 = $16,860

When the order is for 200 price is $50

Total cost = $1,000 + $30 + $10,000 = $11,030

The best two possible order quantities are 200 and 300 which results in minimum total cost.

5 0

3 years ago