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irga5000 [103]
3 years ago
10

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go

ld, purifies it, and sells it to a jewelry maker for $1,000. The jewelry maker fashions the gold into a necklace that it sells to a department store for $1,500. Finally, the department store sells the necklace to a customer for $2,000. How much has GDP increased as a result of these transactions?
Business
1 answer:
SSSSS [86.1K]3 years ago
4 0

Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

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The term "stuck in the middle": Group of answer choices means that the firm’s cost structure is not low enough to allow it to at
Mekhanik [1.2K]

Answer:

The correct answer is the option A: means that the firm's cost structure is not to low enough to allow it to attractively price its products and that its products are not sufficiently differentiated to create value for its target customer.

Explanation:

To begin with, the term called<em> ''stuck in the middle''</em> is known in the business world for the main reason of <em>being stuck in a situation where the costs of the firms are to high</em> to allow them to have competitive and attractive prices and and that also<em> these companies do no differentiate their product enough</em> in the way to generate value to the customer they want to reach and therefore it is said that these firms are stuck in the middle due to the fact that <u><em>they can not improve their benefits</em></u> because of their high cost structure and low differentation.  

8 0
3 years ago
You have been pricing an MP3 player in several stores. Three stores have the identical price of $300. Each store charges 24 perc
Valentin [98]

Answer:

a. $5

b. $4

c. $6

Explanation:

a. store A?

Beginning balance = $300

Ending balance = $300 - $100 = $200

Average balance = ($300 + $200) ÷ 2 = $250

Monthly APR = 24% ÷ 12 = 2%

June finance charge = Average balance × Monthly APR = $250 × 2% = $5

b. store B

June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4

c. store C?

June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6

8 0
3 years ago
On April 30, Gomez Services had an Accounts Receivable balance of $31,200. During the month of May, total credits to Accounts Re
Kazeer [188]

Answer:

What was the amount of credit sales during May? $ 60200

Explanation:

                                  April Deb         Cre           May

Account receivable 31200          66400 25000

                                31200 60200 66400 25000

Credit 66400 +

may-31 25000 +

apri-30 -31200 -

       = 60200  

5 0
3 years ago
Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn
Contact [7]

Answer:

$12

Explanation:

Equilibrium price is price at the point where quantity supplied equals the quantity demanded.

Please check the attached image for a table showing how equilibrium was found

6 0
3 years ago
Paul is exchanging a building with a market value of $600,000.00 and an adjusted basis of $450,000. He is exchanging it for an a
alukav5142 [94]

Answer:

Carpenter will have to pay taxes for a recognized gain of $150,000

Explanation:

When you are calculating taxes, you must use the adjusted a¿basis of the buildings.

Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.

Paul's realized loss = $525,000 - $375,000 = $150,000

therefore Carpenter's recognized gain = $150,000

7 0
3 years ago
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