Summer lay-by and christmas were two occasions in which ______ could look forward to for recreation and relaxation.

Sally purchased a log-splitter five years ago. This year, she purchases some new parts, gasoline, oil, and spends 2 hours repair

kompoz [17]

Answer:

C

Explanation:

The GDP or gross domestic product measures the market value of all goods and services produced in country in a specific period of time. This year GDP should not include the log-splitter because Sally purchased it five years ago. We should include this year purchases: new parts, gasoline, oil. Also, we should include the market value of the 2 hours she spent repairing the log-splitter if she paid someone to do it or if someone paid her to do it, because this is a service. But the problem suggests that she repaired her own log-splitter, then we should not include it this year GDP.

6 0

2 years ago

Many consumers consider goods X and Y to be complements. If there is an increase in the price of good X, then (all else the same

Lemur [1.5K]

Answer:

False

Explanation:

Complement goods are goods that are consumed together.

If the price of good X increases, producers would increase their supply of good Y and X.

An increase in supply shifts the supply curve to the right.

I hope my answer helps you

5 0

3 years ago

Full employment means A. there is "normal" frictional unemployment and a small amount of cyclical unemployment. B. everyone in

timurjin [86]

Answer:

The correct answer is C. there is a level of unemployment consistent with "normal" frictions in the labor market.

Explanation:

Full employment is a situation where all the individuals in a country, who are able to work and who want to do so, are effectively working either as employees of a company or organization or creating their own.

When full employment occurs, labor demand equals supply so that the labor market is in perfect balance. This means that in a country with full employment, all workers who belong to the active population and look for work, find it. However, as we will see below, when there is full employment there are certain unemployed people, it is what is known as frictional unemployment.

8 0

3 years ago

Heather innocently misrepresented the status of a puppy as being a full-blooded Pomeranian when actually it was a mixed breed. B

IRISSAK [1]

Options:

A. Because Heather violated the contract to provide a full blooded Pomeranian, Brad is entitled to rescind the contract and also to the damages he seeks.

B. Because Heather violated the contract to provide a full blooded Pomeranian, Brad is entitled to rescind the contract, but he is not entitled to the damages he seeks.

C. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 30 days in order to honor the contract.

D. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 60 days in order to honor the contract.

E. Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy; and Heather has an additional 90 days in order to honor the contract

Answer:

B

Explanation:

Heather's misrepresentation resulted in her breaching the contract, even if she did it innocently or not. But since no transaction was completed, then the contract is simply terminated. If Brad had realized Heather's mistake after he had paid for the dog, then he could argue that he suffered damages and could try to seek some type of compensation but that wasn't the case here.

5 0

3 years ago

Consider a product with a daily demand of 600 units, a setup cost per production run of $200, a monthly holding cost per unit of

Travka [436]

Answer:

a. 3,795 units

b. $1,897.50

c. $2,845.80

d. $42,693.80

Explanation:

Optimum size for the Production ran is the size that <em>minimizes</em> Set-up costs and Holding costs.

Optimum size for the Production = √ (2 × Annual Production × Set-up cost) / Holding Cost per unit

Optimum size for the Production = √ (2 × 600 × 300 × $200) / $5.00

= 3,794.73 or 3,795 units

Average Holding Cost = Optimum size for the Production / 2

= 3,795 units / 2

= $1,897.50

Set - up Cost = Total Annual Production / Optimum size for the Production × Set - up cost per unit

= ((600 × 300) / 3,795)× $5.00

= $237.15

Annual cost = $237.15 × 12

= $2,845.80

<u>Total Cost Calculation</u>

Purchase Price (3,795 × $10) = $37,950.50

Holding Cost = $1,897.50

Set - up Cost = $2,845.80

Total Cost = $42,693.80

POQ = Optimum size for the Production / Annual Demand

= 3,795 units / (300 × 600)

= 0.021

7 0

3 years ago