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Karo-lina-s [1.5K]
3 years ago
13

Price and Output data over a five year period for an economy that produces only one good. Assume that year 2 is the base year. Y

ear Units of Output Price per unit 1 8 $2 2 10 3 3 15 4 4 18 5 5 20 6 Refer to the above data. In year 4, nominal GDP would be:
Business
1 answer:
olasank [31]3 years ago
7 0

Answer:

$90

Explanation:

Nominal GDP is GDP calculated using current year prices.

Nominal GDP = current year prices x unit of output

18 x $5 = $90

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

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A theory of strategic factor markets suggests that the resources a firm possesses might give it an advantage versus competitors
dybincka [34]

Explanation:

Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.

Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.

Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.

4 0
3 years ago
Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled pro
maria [59]
I think it $1 per unit
8 0
2 years ago
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70
yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = \frac{Budget overhead}{allocation base}

overhead rate = \frac{700000}{35000}

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead =  5000 × $20  = $100,000

so

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0
3 years ago
Using the glossary will not help a reader develop better reading strategies true or false
Sidana [21]

When a reader uses their resources within the book to understand the book and how it is constructed, it helpes the reader develop better reading strategies. Using the glossary lets the reader identify and find information at a quicker rate which in turn, helps develop better reading strategies. Therefor, the answer is false, because the reader does develop better reading strategies when they use the glossary.

6 0
3 years ago
The area of a patio is 5 5/8 square yards and its length is 1 1/2 yards. What is the patios width in yards?
Angelina_Jolie [31]
The formula to find the area of a rectangle is
Area=length*width
( area equals length times width)

So you substitute the values in the problem into the equation above.
5 5/8=1 1/2* w

Then you can solve the equation by dividing the 5 5/8 by the 1 1/2, cancelling out 1 1/2 and leaving the w by itself on one half of the equal sign
You are left with
3 3/4 = w

The width of the patio in yards is 3 3/4.
(Just ask if you have more questions or I didn't explain something clearly)
8 0
3 years ago
Read 2 more answers
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