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2 years ago

Which of the following will probably earn a higher level income?

2 answers:

7 0

In my opinion D. a female accountant with a masters degree in business administration, will earn a higher level of income. <em>Explanation- if she has a masters then they may accept her in jobs other people are not able to get without a masters, they may also pay her higher because of it.</em>

<h3>Hope this will help- for more help follow me, or contact me</h3>

iren [92.7K]2 years ago

4 0

A female accountant with a masters degree in business administration would earn a higher level of income due to the qualifications and skills she has.

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Consider the circular flow model to answer the questions that follow.

Zarrin [17]

Answer:

The answer is :

A. Resource market - income

B. Expenditure - product market.

Explanation:

A. Resource market - income

B. Expenditure - product market

The circular flow model shows how money moves through the economy in exchange for goods, services, and resources.

In circular flow of income, households provide inputs to firms through the resource market(matket where households supply land, labor, capital, and entrepreneurship) in exchange for money(income or wages).

Also in circular flow of income, firms receives expenditure from household and this type of market is called product market(which refers to a place where goods and services are bought and sold)

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2 years ago

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Globalizationvery useful for health insurance to take advantage of medical tourism, medical tourism is traveling

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3 years ago

Mikail's perfectly competitive camera memory card–producing factory is making positive economic profits. If the price of memory

irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

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2 years ago

You have decided to save $500 a year for the next five years and then increase that amount to $700 a year for the following five

DaniilM [7]

Answer:

A. The time line will have a $500 cash flow for Years 1-5 and a $700 cash flow for Years 6 - 10.

Explanation:

A timeline orders events chronologically. Here, the timeline would list cash flows in the order in which they occur.

Please check the attached image for an image of the timeline.

I hope my answer helps you

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2 years ago

1. Assume there are only two goods in the economy, french fries and onion rings. In 2013, 1,000,000 servings of french fries wer

xxMikexx [17]

Answer:

A. Nominal GDP in 2013 = $880,000

Nominal GDP in 2014 = $878,400

Real GDP in 2014 = $864,000

B. An assessment of growth using nominal GDP would overstate growth due to the effect of inflation on 2014 prices. The real GDP was lower than the nominal GDP

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation

Nominal GDP in 2013 = ( 1,000,000 x $0.40 ) + ( 800,000 x $0.60) = $880,000

Nominal GDP in 2014 = ( $0.50 x 900,000 ) + ($0.51 x 840,000) = $878,400

Real GDP in 2014 = ( $0.40 x 900,000 ) + ($0.60 x 840,000) = $864,000

An assessment of growth using nominal GDP would overstate growth due to the effect of inflation on 2014 prices. The real GDP was lower than the nominal GDP

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3 years ago