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horrorfan [7]
3 years ago
8

One bag of oranges is sold for $6.00 to a company that turns them into juice which is sold to consumers for $12.00. Another bag

of oranges is purchased by a grocery store for $6.00 who then sells it to a consumer for $7. Taking these four transactions into account, how much is added to GDP?
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

19 is added to the gdp

Explanation:

6 (bag of oranges) + 6(bag of oranges) + (12-6)(juice) + (7-6)(bag of oranges) = 19 is added to the gdp

In this case I'm using the income approach to calculate GDP, which includes the income earned by wages to labor (not present), rent by land (you may say that the original bag of oranges), the return on capital (interest, not present),and  entrepreneur’s profits (juice and grocery store)

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asambeis [7]

Answer:

Yes, the Astrid maximizing her utility

Explanation:

Given that

Utils for the last quart = 30

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Per dollar utility gained by milk

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Milk utility for $0.75

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Therefore from the last quart the utility was same and the dollars was spent in last jar. So, Astrid can maximizing her utility.

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3 years ago
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Suppose your favorite sports team is losing by an insurmountable score. What does the shutdown condition suggest the team should
alex41 [277]

Answer and explanation:

In Economics, the shutdown conditions refer to the situation in which a company is not able to produce profits to at least cover the variable costs of production in the short term. According to this approach, only when those costs can be covered the company should continue to operate. Otherwise, the firm must shutdown.

In that case, if a team is losing by a score that cannot be surmountable, according to the shutdown condition the team must stop playing the game.

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