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2 years ago

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

1 answer:

7 0

Gross domestic product understates the total production of final goods and services because of the omission of HOUSEHOLD PRODUCTION!

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A _______ is a share of ownership in a company.

Dvinal [7]

Answer:

Partnership

Explanation:

When you share ownership of a company, you are partnering with someone.

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3 years ago

Read 2 more answers

Robert treats coffee and creamer as perfect complements and has very specific requirements for the ratio of creamer to coffee. H

diamong [38]

Answer:

a. Robert's optimal consumption bundle contains 9.18 cups of coffee and 45.88 packets of creamer.

b. Zero packets of creamer is the substitution effect.

Explanation:

a. Suppose that Robert has $39.00 to spend on coffee and creamer. His optimal consumption bundle contains _______cups of coffee and _________

The consumption ratio can be stated as follows:

5 Creamer = 1 cup of coffee

Budget line has an equation can also be given as follows:

B = (Pm * Qm) + (Pf * Qf) ...................... (1)

Where;

B = Budget = The amount Robert has to spend on coffee and creamer = $39.00

Pm = Price of creamer = $0.25

Qm = Quantity of creamer = ?

Pf = Price of coffee = $3.00

Qf = Quantity of coffee = ?

39 = (0.25 * Qm) + (3 * Qf)

39 = 0.25Qm + 3Qf

Since "5 Creamer = 1 cup of coffee". This also implies thal 1 creamer = 1 / 5 cup of coffee. Therefore, we have;

39 = 0.25Qm + (3 * 1/5 * Qm)

39 = 0.25Qm + (3/5)Qm

39 = 0.25Qm + 0.60Qm

39 = 0.85Qm

Qm = 39 / 0.85

Qm = 45.88

Qf = 45 / 5 = 9.18

Therefore, Robert's optimal consumption bundle contains 9.18 cups of coffee and 45.88 packets of creamer.

b. Now, suppose that the price of creamer rises to $0.50 per packet. What is the substitution effect of this price change?

Since Robert treats coffee and creamer as perfect complements, this implies that there there is nothing like substitution effect under this condition.

Therefore, zero packets of creamer is the substitution effect.

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3 years ago

If a manager considers one employee at a time and circles a number/word to signify the degree to which that employee demonstrate

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The manager is likely using a graphic rating scale when assessing his employees. The graphic rating scale is a way of having to rate the traits of an individual and a way of having to quantify the behaviors of the individuals that are employed.

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3 years ago

The underwriting syndicate of a bond offering is a group of investment banks, merchant banks, and the merchant banking arms of c

lesya [120]

Answer:

The answer is A.

Explanation:

A syndicate is usually not one but a group. An underwriter syndicate is a group of investment banks(can also be commercial banks for the purpose of loan) and broker-dealers agree to sell new offerings of equity or debt securities to investors. There is usually a particular bank that leads and it is called the lead underwriter.

The correct option is A.

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3 years ago

Which of the following entries correctly reflects the entry for recording the wages of all factory workers?

Ad libitum [116K]

Answer; b. Work in Process Inventory Manufacturing Overhead Wages Payable

Explanation;

Factor workers are considered to be directly related to the production of the good. As a result, the wages paid to them are added to the inventories produced to show that they are part of the cost of the goods produced. Their wages will therefore be debited to Work in Process Inventory.

The wages will then be credited to the Manufacturing Overhead Wages Payable as this is the liability account that deals with wages owed to people working in the factory.

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3 years ago