Answer:
a. should be discouraged because it lessens a quality that makes that antique desirable
Explanation:
In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
Answer:
Core Values
Explanation:
In the given scenario, Merck has deviated from its core values which are dedicated to the healthcare sector and transparency of drug development. It manipulated and didn't made the side effects of the drug public during testing.
Answer:
a) 469.40%
b) 18.15%
Explanation:
a)
Total nominal growth rate = 
thus,
Total nominal growth rate = 
= 469.40%
b) Total real growth rate = 
now,
Real earned income in 1976 = 
= 
= $20,267.54
and,
Real earned income in 2016 = 
= 
= $23,947.21
Therefore,
Total real growth rate = 
= 18.15%
Answer:
$5,000 + $350f
Explanation:
The computation of the production cost in dollars is shown
Here we use the equation form
The start up cost is $5,000
Labor, material cost $350
Now if he makes f pieces of furniture so, his production cost would be
= Startup cost + labor, material cost
= $5,000 + $350f
Hence, this is the answer and the same is to be provided
Answer:
1. The GDP deflator for this year is calculated by dividing the <u>value of all goods and services produced in the economy this year</u> using <u>this year's prices </u>by the <u>value of all goods and services produced in the economy this year </u>using <u>the base year's prices</u> and multiplying by 100.
This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.
2. However, the CPI reflects only the prices of all goods and services<u> bought by consumers. </u>
<u />
3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - <em><u>B) CPI</u></em>
The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.
4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - <em><u>A) GDP Deflator</u></em>
This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator.
