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Sergio [31]
3 years ago
11

gross domestic product understates the total production of final goods and services because of the omission of

Business
1 answer:
Aleks04 [339]3 years ago
5 0

90% sure that your answer is <em>(household production) </em>

<em></em>

<em>Hope this helps!</em>

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Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75  =  $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250   =  0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0
3 years ago
A study by the National Bureau of Economic Research (NBER) examined the responsiveness of consumers to changes in gasoline price
Y_Kistochka [10]

Answer:

Gasoline consumption will decrease by a small amount.

Explanation:

A coefficient of elasticity of less than one indicates that demand is inelastic.

Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.

Quantity demanded has little or no sensitivity to changes in price.

If the coefficient of elasticity is greater than one, demand is elastic.

Elastic demand is when a small change in price has a greater effect on the quantity demanded.

If the coefficient of elasticity were equal to one, it means that demand is unit elastic.

Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.

I hope my answer helps you

3 0
3 years ago
A government-imposed price of $12 in this market is an example of a
andreev551 [17]

Answer. C Binding price floor that creates a surplus

Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.

5 0
3 years ago
A typing instructor builds a regression model to investigate what factors determine typing speed for students with two months of
Mnenie [13.5K]

Answer:

bruh jjnjn

Explanation:

bruh

j

3 0
2 years ago
If you receive 10 units of utility from consuming one cup of coffee and 16 units of utility from consuming two cups of coffee, w
icang [17]

Answer: 6 units of utility

Explanation:

The above scenario is termed diminishing marginal utility. It explains that as a consumer consumers a particular product, at first, the extra product consumed will give the consumer extra satisfaction but when the consumer continues to consumer more and more of the product, the satisfaction or utility derived from the product reduces.

If I get 10 units of utility from one cup of coffee, I'll derive satisfaction from it and may be eager and willing to have another cup which may lead to an increase of 16 utils but the third cup won't give enough satisfaction as the other cups I had previously taken. Hence the utility derived diminishes.

8 0
2 years ago
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