10. Identical wages

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2

FromTheMoon [43]

Answer:

The GDP for year 1, year 2, and year 3 is $12, $20 and, $30 respectively.

Explanation:

The nominal GDP is the value of goods and services produced in an economy in a year.

Here, the economy produces only chocolate bars. So we can find nominal GDP by calculating the value of chocolate bars produced in each year.

Nominal GDP for year 1

= $Price\ \times\ Quantity$

= $3\ \times\ 4$

=$12

Nominal GDP for year 2

= $Price\ \times\ Quantity$

= $4\ \times\ 5$

=$20

Nominal GDP for year 3

= $Price\ \times\ Quantity$

= $5\ \times\ 6$

=$30

6 0

4 years ago

During the business analysis stage of the new product development process, GoPro considers the likelihood of ________, especiall

djverab [1.8K]

Answer: Building a business case for the new product

Explanation: A Good business case for a new product is a process during the stage of product analysis of the new product development.

It considers the cost, how it will survive the current market and ways to go about making the product a success.

At this stage, Gopro will analyse the product costs, profitability and sustainability of the product in the market as this will determine if the product will survive or not.

4 0

3 years ago

Flu vaccine production requires a lead time of about 6 months. Consider the start of the 21st century when 95 million doses were

IgorLugansk [536]

Answer:

If alpha is 0.2 then 92.6units

If alpha is 0.3 then 91.4units

Explanation:

The calculation can be done by the following formula

F = F + alpha (A-F)

Where

F = Forecast value

A= Actual value

Alpha = exponential smoothing constant

If alpha is taken 0.2

F = 95 + 0.2 ( 83-95)

F = 92.6

If alpha is taken 0.3

F = 95 + 0.3( 83-95)

F= 91.4

7 0

3 years ago

The Crispy Baking Company is considering the expansion of its business into door-to-door delivery service. This would require an

Anna11 [10]

Answer:

b) $17,500

Explanation:

First, the multiple options to the question are as follows

a) $12,500 b) $17,500 c) $19,750 d)$20,425

Solution

The question is to determine which of the costs to be incurred in a door-to-door delivery service is a differential cost per month

The following costs have been given:

1) an additional $12,500 in labor costs per month

2) an additional gas, oil and maintenance to the tune of $5,000

3) Home delivery use of trucks allocated 45% of existing $6,500 fixed vehicle costs.

It should however be noted that, the costs we call differential are only the ones that are particularly attributed to the home delivery market service and as such they will only include variable costs not fixed costs

Therefore, the differential costs = $12,500 for labor + $5,000 for maintenance

= $17,500

8 0

3 years ago

Ballard Company uses the perpetual inventory system. The company purchased $10,000 of merchandise from Andes Company under the t

Sunny_sXe [5.5K]

Answer: $8750

Explanation:

The amount of gross margin that resulted from these business events will be calculated as:

Purchase = $10000

Less: Purchase discount = $10000 × 2% = $200

Add: Freight paid = $450

Total purchase = $10250

Gross margin = Sales - Total Purchases

= $19000 - $10250

= $8750

7 0

3 years ago