In terms of microeconomic analysis, what is the function of utils?.

A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The

Veseljchak [2.6K]

Answer:

.A) $1, 920,000

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is the GDP of country using current year prices

Nominal GDP = current year price × quantity

(6000 × 320) = $1,920,000

I hope my answer helps you

3 0

3 years ago

Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 4

KiRa [710]

Answer:

1. Cost per unit = 860,500/45000 units = $19.12

2. Mark up = 12% * 800,000 = $96,000/45000 units = $2.13

mark up = 2.13/19.12 = 11.14%

3. Therefore selling price per unit = $19.12+$2.13 = $21.25

Explanation:

Variable direct materials cost per unit............................ 5.50

Variable direct labor cost per unit.................................... 7.65

Variable factory overhead cost per unit .........................2.25

Variable selling and administrative cost per unit........... .90

TOTAL VARIABLE COST PER UNIT..................................16.3

TOTAL VARIABLE COST = $16.3*45000 units = $733,500

Fixed factory overhead cost $82,000

Fixed selling and administrative costs 45,000

TOTAL COST = $ 860,500

1. Cost per unit = 860,500/45000 units = $19.12

2. Mark up = 12% * 800,000 = $96,000/45000 units = $2.13

mark up = 2.13/19.12 = 11.14%

3. Therefore selling price per unit = $19.12+$2.13 = $21.25

5 0

2 years ago

Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Opera

elena-s [515]

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

Ruston Company

Statement of Cash Flows

For the Year 2020

Details $'000

Net Income 9,100

Adjustments from Operating Activities 1,100

Net Cash Flow from Operating Activities 10,200

Net Cash Flow from Investing Activities (4,300)

Net Cash Flow from Financing Activities of 3,400

Net Cash Flow  9,300 

Since the amount is in thousands, that implies that the Net Cash Flow is $9,300,000.

7 0

2 years ago

The owner of a shopping mall wishes to expand the number of shops available in the food court. She has a market researcher surve

Angelina_Jolie [31]

Answer:

The Sampling Bias

Explanation:

Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.

Therefore this can be termed as a Sampling Bias. The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.

Hope this helps. Good luck.

8 0

3 years ago

All of the following are steps to help you be a good problem solver except:

andriy [413]

I would say that all of the following are steps to help you be a good problem solver except B and C. You need to define the problem and then set about creating solutions. For example, if it is becoming too expensive to haul ore out of an open pit because it its too deep so the haulage costs are prohibitive, then a potential solution involves decreasing haulage costs by shortening the haul which can be resolved by extending in pit conveyors and crusher down close to the ore deep within the pit.

4 0

2 years ago

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