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Vsevolod [243]
3 years ago
12

7.

Business
1 answer:
skad [1K]3 years ago
6 0
An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
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The U.S. government decides that the incomes of dairy farmers should be maintained at a level that allows the traditional family
luda_lava [24]

Answer:

$2.8 billion per year

Explanation:

Currently the amount of surplus milk in the US is really high since the demand per capita for milk has decreased by 40% in the last 50 years. Excess milk is turned into cheese since it doesn't last very long, and the current amount of surplus cheese is 1.4 billion pounds.

If yous need on average 4 pints of milk per pound of hard cheese and 2 pints per pound of soft cheese, that means that the total surplus milk production is between 2.8 and 5.6 billion pints.

If the government is going to purchase that excess milk, then it is going to need at least $2.8 billion per year.

5 0
3 years ago
Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP =  100x40 + 80x11 + 20x90 = $6680

8 0
3 years ago
When potential real GDP is equal to​ 70, this economy is in recession . The amount of the shortfall in planned aggregate expendi
leonid [27]

Answer: Option (D) is correct.

Explanation:

If the potential GDP is 70 and economy is in recession. Potential GDP is the GDP of an economy which can be achieved with the best utilization of economy's resources.

The amount of the shortfall in planned aggregate expenditure is equal to the vertical distance between the 45 degree line and the AE = Y, at a level of potential real GDP.

This is also shown by an arrow in the diagram.

4 0
3 years ago
A cost associated with renting would be:
attashe74 [19]
The correct answer is C. title insurance
5 0
3 years ago
The best conclusion that can be drawn from the graph is that the number of nonfarm jobs
hram777 [196]
Nonfarm jobs are unequal
8 0
3 years ago
Read 2 more answers
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