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GuDViN [60]
3 years ago
12

Suppose Becky earns $650 per week working as an analyst for A-plus Accountants. She uses $10 to order a mojito cocktail at Littl

e Havana. Little Havana pays Alex $250 per week to wait tables. Alex uses $250 to purchase tax services from A-Plus Accountants.
Identify whether each of the following events in this scenario occurs in the resource market or the product market.

a. Alex earns $250 per week working for Little Havana. (Resource Market / Product Market)
b. Becky spends $10 to order a mojito cocktail. (Resource Market / Product Market)
c. Becky earns $650 per week working for A-Plus Accountants. (Resource Market / Product Market)

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.

( ) The mojito Becky receives
( ) The $250 Alex spends to purchase tax services from A-Plus Accountants
( ) The $250 per week Alex earns working for Little Havana
( ) Becky's labor
Business
1 answer:
7nadin3 [17]3 years ago
8 0

Answer:

Resource Market or Product Market

1. Identifying whether each of the following events in this scenario occurs in the resource market or the product market:

a. Alex earns $250 per week working for Little Havana. (Resource Market / Product Market)

b. Becky spends $10 to order a mojito cocktail. (Resource Market / Product Market)

c. Becky earns $650 per week working for A-Plus Accountants. (Resource Market / Product Market)

2. The elements of this scenario that represent a flow from a household to a firm are:

a. The $250 Alex spends to purchase tax services from A-Plus Accountants.

b. Becky's labor

Explanation:

The resource market is the market where firms buy resources for the production of goods and services.  This means that the resource market deals in the transfer of inputs: labor, capital, land, and entrepreneurship from households to firms.  In the product market, households buy output, i.e. goods and services from firms.

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A country is described by the Solow model, with a production function of y = k1/2. Suppose that k is equal to 400. The fraction
vovikov84 [41]

Answer:

the country is above the steady state

Explanation:

An economy has the per-worker production function <em>y =  k^{1/2}</em>

Here,

<em>y </em>is the output per worker and <em>k </em>is the capital-labor ratio

depreciation rate <em>d = 0.5.</em>

Population growth rate is <em>n = 0%</em>

a. At steady state

<em>Δk = 0</em>

<em>sy-k(d+n) = 0 </em>

<em>sy = k(d+n)</em>

<em>0.5 ( k^{1/2}) = k (0.05 + 0)</em>

<em>0.5  k^{0.5} = 0.05k</em>

then resolve for <em>k</em>, and obtain <em>k=100. </em>The capital in steady state.

If the k=400, then the output

<em>y = k^{0.5} </em>

<em>   =400^{0.5} </em>

<em>   =20</em>

Thus, the country is above the steady state

8 0
3 years ago
Identify the characteristics that have enabled Singapore to become one of the world’s most prosperous nations. Correct Answer(s)
ella [17]

Answer:

The answers are : Stable financial system; Strategic location; High literacy rate.

Explanation:

Singapore is a small island, highly populated country without much natural resources and little resources are paid to agricultural sector and energy sector thus lack of self-sufficiency in regard to water, food (due to limited land, lack of water supply and high labor cost). Currently, more than 40% of the country's water consumption are exported from Malaysia.

However, thanks to its strategic location lying in the center of the trade flow between the America, Europe, Middle East - Africa and Asia and the heart of Asia; its stable financial system which is one of the financial centers of Asia and the world due to its pretty open economy; its highly-educated citizens ( according to UNESCO Singapore literacy rate has been going up from nearly 83% in 1980 to more than 97% in 2018), the country is among one of the most prosperous countries in the world.

6 0
3 years ago
Marigold Corp. has 493000 shares of $10 par value common stock outstanding. During the year Marigold declared a 14% stock divide
Gelneren [198K]

Answer: $2,821,932

Explanation:

No. of shares outstanding before stock dividend = 493,000

Price per share = $36

Stock dividend issued (shares issued) = 493,000 x 14% = 69,020

Value of stocks issued as stock dividend = 69,020 x $36 = $2,484,720

No. of shares outstanding after stock dividend = 493,000 +69,020 = 562,020

Cash dividend = 562,020 x 0.60 = 337,212

Total reduction in retained earnings = total value of dividend issued

= $2,484,720+$337,212

= $2,821,932

6 0
3 years ago
In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
german

Answer:

The existing state of American economy must be declared earlier respondent the interrogation.

The U.S. financial position is vigorous in 2017.The value rate is in its perfect vary i.e., 2.4 (2-3%).Joblessness is at its ordinary proportion and there isn't an excessive amount of rise or decrease. Conversely, the value is predicted to descent to a pair of 2.1% in 2018 and 2.0 in 2019. Drop in value would cause decrease in GDP and growth in state.

To avoid this drop I will be able to inscribe to manager of Federal Reserve Bank to cut back the rate (expansionary financial policy).Federal reserve will try this by shopping for bonds. Once Federal Reserve purchases bonds the money offer increases and rate decreases. As rate decreases mixture demand and financial gain increases. With escalation in financial gain and mixture demand the value wouldn't decrease in 2018 and 2019.

I would not recommend an expansionary economic policy as a result of it increases the rate yet and thus results in situation out.

6 0
3 years ago
Mason Company purchases a piece of land for $200,000. Mason Company paid $4,000 in brokerage commissions, $12,000 to clear and r
baherus [9]

Answer:

$218,000

Explanation:

The cost of the land includes the purchase price + brokerage commissions + clearing and removing expenses + related taxes:

$200,000 + $4,000 + $12,000 + $2,000 = $218,000

Building permits plus the actual cost of the building must be recorded under a separate asset account (buildings) since they can be depreciated, while land cost cannot.

4 0
4 years ago
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