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Blababa [14]
3 years ago
7

Suppose you buy a new iClicker 2 from the Illinois bookstore for $29.99. Your friend was lucky and found a used iClicker 2 onlin

e for 10. Assume that iClickers are also produced in the U.S. How much does U.S. GDP increase by?
Business
1 answer:
Leokris [45]3 years ago
5 0

Answer:

U.S. GDP increase by $29.99

Explanation:

given data

buy new iClicker 2 from bookstore for $29.99

used iClicker 2 online = 10

to find out

How much does U.S. GDP increase by

solution

we know that GDP is only include value of good and service produce during the certain period of time

and here we buy new iClicker 2 from the Illinois bookstore at $29.99 is only part of U.S. GDP

but when used iClicker 2 online is at $10 is not the part of U.S. GDP

so we can say U.S. GDP increase by only at  $29.99

so U.S. GDP increase by $29.99

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Explanation:

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Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

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3 years ago
During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr
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$260000

Explanation:

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3 years ago
When a competitive market is in​ equilibrium, what is the economically efficient level of​ output? A. any output level where mar
Anestetic [448]

Answer:

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Explanation:

Competitive equilibrium Traditional concept of economic equilibrium used for the analysis of  goods markets with flexible prices and many agents, which usually serve as a benchmark for efficiency in economic analysis. Crucially, it depends on the assumption of a context in which each agent makes decisions about such a small amount compared to the total amount traded in the market that their individual transactions have no influence on prices.

It consists of a price system and an allocation of the production and consumption of the economy among the various agents, such that, given the prices, each agent maximizing its objective function (benefits, preferences) subject to restrictions (technological, of resources) plans to trade its share in the proposed allocation, at prices that make all exchanges compatible with each other by balancing the markets, that is, matching the aggregate supply with the demand  aggregate of each of the goods and services traded.

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Answer:

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