Answer:
Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.
- Not included in the GDP since tires are a component of new cars, they are not a final product.
American consumers import $3.5 billion of woven apparel from Bangladesh.
- Included in the GDP as imports, which reduce total net exports (NX).
The U.S. government spent $523.1 billion on national defense.
- Included in the GDP as government spending (G).
Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.
- Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
Answer:
Cross functional team
Explanation:
There are various team types depending on their composition and how they function to meet organisational goals.
The types of teams are functional, cross functional, and work teams.
The cross functional team are made up of individuals from different functional departments and even from outside of the organisation.
This type of team is characterised by people who are experts in their fields. Therefore they usually make decisions without consulting management.
This type of team maximises coordination between specialised subunits
Answer:
b. set by market supply and demand.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Because goods are homogenous and there are many buyers in the industry, sellers do not set the price for their goods and services. Prices are set by the market forces of demand and supply. This makes sellers price takers.
Other features of perfect competition are :
1. No barriers to entry or exit of firms
2. Firms make zero economic profit in the long run.
I hope my answer helps you.
Answer:
100 labor will be hired to minimize the costs of producing 200 units of output.
Explanation:
Maximising profit
Profit (Pr) = P*Q - Cost
= P*Q - 5L - 20K
= P*4(LK)^0.5 - 4L - 20K
dPr/dL= P*2(K/L)^0.5 - 4 = 0
dPr/dK = P*2(L/K)^0.5 - 20 =0
We know equilibrium condition
MPL/MPK = w/ r
= 5/20
= 0.25
MPL = 2(K/L)^0.5 MPK = 2(L/K)^0.5
K/L = 0.25
K = 0.25L
200 = 4(0.25L^2)^0.5
=4*0.5*L
L = 100
Therefore, 100 labor will be hired to minimize the costs of producing 200 units of output.
Answer:
12 and 20, has
Explanation:
The semiconductors sector is the best for U.S. export as well, and ensure a lot of American jobs, innovation, and growth. You will find a quite busy semiconductor manufacturing sector in USM and there is an extensive foreign market that led to semiconductor perennially, and hence ranking as among the US top export sector. Considering no international trade the price of the semiconductor is supposed to be 12 and 20 billion dollars worth semiconductors annually that are being bought and sold inside the US. And the US certainly has comparative advantages in producing semiconductors.
