User Account

All Pages

How much value did each person add

Assignment Help Microeconomics
Reference no: EM13712013

A dairy maker sells 250$ of milk to a cheese maker. The cheese maker users the milk to make $450 of cheese and sells it to a wholesaler. The wholesaler sells it to a retailer for $600. The retailer sells it for $1200. What is the GDP from this and how much value did each person add?

There should be 5 values for the answer. 1 GDP and 4 values added (1 for each person)

 

Reference no: EM13712013

Questions Cloud

What your average money holding : Suppose you earn $6000 per month and spend $200 in each of the months 30 days. If you deposit $2000 into your checking account on the 1st, 11th and 21st days of the month, what's your average money holding
Assess the appropriateness of strategy : What is the corporate strategy that your selected firm seems to be following internationally: multi-domestic, global, or transnational? Explain your choice.Assess the appropriateness of this strategy.
External environment in which health care organizations : As you have been learning this week, the external environment in which health care organizations function can greatly influence day-to-day operations and the delivery of services. Health care administrators must therefore pay attention to local..
Indicate whether the production function exhibits decrease : 2. a) For the following firm production function, indicate whether the production  function exhibits decreasing, constant, or increasing returns to scale. yi is the firm i's output, ki is the firm's capital input, and li is the firm's labor input.
How much value did each person add : A dairy maker sells 250$ of milk to a cheese maker. The cheese maker users the milk to make $450 of cheese and sells it to a wholesaler. The wholesaler sells it to a retailer for $600. The retailer sells it for $1200. What is the GDP from this ..
Pear inc. is a monopolist producing the iwatch : Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is ..
A firm has become a monopolist in the market for dvd : Suppose a firm has become a monopolist in the market for DVD players (remember those?). The market that lasts for exactly two periods (after 2 periods everyone switches to a newer technology). A DVD player is a durable good, so if it is sold in..
Graphically illustrate and explain why a fixed exchange regi : 1.Graphically illustrate and explain why a fixed exchange regime without foreign exchange controls is incompatible with inflation targeting.
The opportunity to do analysis on the data : Task Background: Graphs and trees provide you with ways to visualize data sets, and the opportunity to do analysis on the data (e.g., shortest path). Knowing the structure of a database enables you to choose a proper algorithm for searching for..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is equilibrating forces

What is equilibrating forces as it relates to unintended consequences?

  Managing monopolistic and competitive markets

You're the GM of firm that manufactures PC's. Demand for them has dropped 50%, thanks to soft economy. The sales manager has identified only one potential client, who has received many quotes for 10000 new PC's.

  How much should you expect to pay for the labour

For a range of interest rates from 5% to 25% would your advice concerning whether to proceed with the project change?

  Economic cooperation between the u.s. and canada

Explain the authors opinion of economic cooperation between the u.s. and canada and information from the article that support explanation.

  Unemployment is one of the major concerns that people have

unemployment is one of the major concerns that people have in todays economy since losing ones job can be one of the

  Market structure - principles of microeconomics

Describe how the role of the government affects each market structure's ability to price its products and discuss the effect of international trade on each market structure.

  Political implications and influences

Provide alternative perspectives from experts on technology

  How does the response change across specific industries

A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from government, the press, and society at large for encouraging harmful consume..

  Concept of economic growth vs development

Discuss the three pillars of the sustainable business and contrast these with “conventional” paradigms. Be sure to include the concept of economic growth vs. development.

  How are concepts of positive and normative economics

given the current pressures on china jamaica and america expressed in the article how would ethics play a role in

  Would you consider purchasing a paper from a website

Consider that there is now a website that helps professors check for plagiarism by comparing student papers with millions of online pages using the top 20 search engines. The system even identifies papers composed of bits and pieces of online text.

  Using your answer to and probabilities listed on flier find

recently a regional automobile dealership sent out fliers to perspective customers indicating that they had already won

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd