Each items as a component of Gross Domestic Product (GDP) are:
Consumption:
Investment:
- A domestically manufactured business computer
Government purchases
- A public school teacher's salary
Net export:
<h3>What is Gross Domestic Product (GDP)?</h3>
Gross Domestic Product (GDP) can be defined as the overall value of goods and service that are produced and sold in the market during a particular period of time.
Based on the information given each items as a component of Gross Domestic Product (GDP) are:
Consumption:
- Ice Cream
- 55 cent tacos
- A domestically manufactured personal computer
- Cab fare for personal use
- A ticket to a local sporting event
Investment:
- A domestically manufactured business computer
Government purchases:
- A public school teacher's salary
Net export:
Inconclusion each items as a component of Gross Domestic Product (GDP) are:
Consumption:
Learn more about Gross Domestic Product (GDP) here:brainly.com/question/1383956
Answer:
The contribution margin ratio is closest to 40%
Explanation:
The contribution margin ratio calculates the percentage of sales that will contribute to cover fixed costs and earn a profit. The contribution margin is the difference between the selling price per unit and the variable cost per unit of a product. The contribution margin ratio is the contribution margin per unit represented as a percentage of selling price per unit or total contribution margin represented as a percentage of total sales revenue.
CM Ratio = Total contribution margin / Total Sales revenue
CM ratio = 72000 / 180000 = 0.4 or 40%
Answer:
a. How many pounds of potatoes will she purchase?
3 pounds
Janice will purchase potatoes as long as the value she assigns to them is higher than the price of potatoes. She values the first 3 pounds at more than $1 per pound. But Janice only values the subsequent pounds of potatoes at $0.30 per pound and that is lower than their price.
b. What if she only had $3.00 to spend?
she would still buy the 3 pounds
Answer:
Experience
Explanation:
There are several characteristics of services which includes:
1. Intangibility:
2. Inseparability:
3. Perishability:
4. Heterogeneity:
5. Lack of ownership:
1. Intangibility: Services can be experienced but can not be seen, felt, heard, smelt or tasted.
2. Inseparability: Services such as haircut are usually inseparable from the receiver(consumer) while some services can be produced and delivered if the presence of the customer is optional such as plumbing, dry cleaning.
3. Perishability: Unlike goods, services cannot be stored for later use.
4. Lack of ownership: Consumers don't have ownership but can only pay to have access to the facility for a period of time. Such as payment to use a gymnastic center.
5. Heterogeneity: Quality of services differ from customers to customers and from time to time. No two amount of services will yield same level of satisfaction.
