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LUCKY_DIMON [66]
3 years ago
7

" Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces a

nd sells leather furniture. With each $1,000 of leather that it buys from Cowhide, Inc., Couches, Inc. produces a couch and sells it for $3,000. Neither firm had any inventory at the beginning of 2006. During that year, Cowhide produced enough leather for 20 couches. Couches, Inc. bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2007. Couches, Inc. produced 16 couches during 2006 and sold each one during that year for $3,000. What was the economy's GDP for the 2006?"
Business
1 answer:
Lunna [17]3 years ago
8 0

Answer:

The answer is $52,000.

Explanation: When calculating GDP, only finished goods are included in the calculation, items that are used to manufacture other goods are not included in the calculation of GDP.

Therefore, the leather that was bought to produce couches in 2006 will not be included in GDP, because its value is included in the value of couches.

Couches, Inc. produced 16 couches and sold them for $3,000 each, computing that, we have:

16 x $3,000

= $48,000.

However, inventory that Cowhide, Inc. has that is worth $4,000 was produced in 2006 as well, so it is included in the GDP. This item will be included in the GDP because it has not yet been bought to used in manufacturing another item. So the answer is $52,000.

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The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish a
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Answer:

third

Explanation:

The utility for consuming the first donut is 9 utils.

The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.

U_2 = 19-9 = 10\ utils

The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.

U_3 = 30-19 =11\ utils

The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.

U_4 = 38-30 =8\ utils

Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.

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3 years ago
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Joyce works hard and puts in many extra hours. For this, she can anticipate a pay raise, a promotion, or an expanded sales terri
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Answer:

Expectancy theory

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Expectancy theory states that when an individual is faced with different choices they will be motivated in a certain way in choosing a particular option based on what they expect to be the result of the choice.

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In the given scenario Joyce works hard and puts in many extra hours, and getting a promotion is most important to Joyce.

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A unilateral contract
With each cup of coffee purchased, the cashier punches a space. The card can be used to redeem a free coffee once all ten spaces have been punched. This serves as an illustration of a unilateral contract.
-Unilateral contract - A unilateral contract
explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance. Usually, the revocation must be made in writing. An insurance policy contract, which is typically only partially unilateral, is an illustration of a unilateral contract. The offeror is the sole party having a contractual responsibility in a unilateral contract. Most unilateral agreements are one-sided.
Learn more about the unilateral contract on brainly.com/question/3257527
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Suppose foreigners spend $7 billion on american exports in a given year and americans spend $5 billion on imports from abroad in
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Around <span>+$2 billion. would be the answer!</span>
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