Activities contribute to the us economy

Assignment Help Business Economics
Reference no: EM131006271

How do the following activities contribute to the US Economy?

1) a teenager mowed the family lawn, otherwise the family would have hired someone for $100

2) An appliance store finally sold for $2,000, a stereo set that had been sitting in its warehouse for two years.

3) Last week a business produced $16,000 worth of consumer goods but sold only $600 worth.

Reference no: EM131006271

Questions Cloud

What was the straight line interest expense on the december : What was the straight-line interest expense on the December 31 annual income statement?
What is the firms profit-maximizing quantity : A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001Q^2 and a marginal cost given by MC=0.002Q. If the market price is 15, what is the firm's profit-maximizing quantity?
Industry uses labor and capital in its production process : Assume an industry uses labor and capital in its production process. The government places a modest minimum wage on this industry above the market clearing equilibrium wage. If firms in this industry are price takers in the labor market, how do you e..
Production depends on two inputs-labor and capital : Consider a firm where production depends on two inputs—labor and capital. The firm starts using a production process that causes it to use much less labor as a fraction of its costs. How do you predict that this change will affect the firm’s elastici..
Activities contribute to the us economy : How do the following activities contribute to the US Economy?
Proposed environmental policy-use market failure theory : Pick an existing or proposed environmental policy. Use market failure theory to explain or justify the policy. Then use public choice theory to provide a possible alternative explanation for the policy.
What was interest expense at the effective interest rate : On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,585 to yield 8%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date?
Externalities that result from the use of fossil fuels : Why do we policies in place to correct for externalities that result from the use of fossil fuels but not for externalities that result from the color yellow or country music (or pick something you dislike that isn't taxed)?
Concerning managing a group in an international context : Concerning managing a group in an international context, what type of analysis can be used to better understand the existing success factors for your team and decide on your leadership style?

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 write the economic analysis section of a business

q1. write the economic analysis section of a business proposal. this will include statements about the market structure

  Both macroeconomic and microeconomic decision

Walmarts decision in 1994 to continue operating stores in specific cities in Mexico when other firms were pulling out would be classified as

  Calculate the arc cross-price elasticity of demand for jjt

Calculate the arc cross-price elasticity of demand for JJT's deluxe garment bag. B. JJT's deluxe garment bag sales recovered from 4,800 units to 6,000 units following a price reduction to $130 per unit.

  Equilibrium price-individual and aggregate outputs

Assume that there are two identical firms in an industry, each producing the same good at the same constant marginal cost of $60. Make a table, similar to the one we made in class, for the Bertrand, Cournot and Monopoly models, showing the following:..

  What is directly included in the calculation of the gdp

Which of the subsequent is directly included in the calculation of the GDP?

  1 you are a manager for a regional health system using an

1. you are a manager for a regional health system. using an estimate of the price elasticity of demand of -0.25 how

  Derive the firms short-run marginal cost function

A firm has the production function y = x1^1/2 * x2. In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. Derive the firm’s short-run marginal cost function.

  Explain impact on economy of government spending on health

Please explain impact on economy of Government spending on Health care on interest rates, investments, employment and income in economy. Please follow sequence in question. Explain how interrelationships.

  Explain what change in equilibrium price-quantity will be

Draw a correctly labeled market graph that illustrates an effective legal limit (floor) on prices. Identify the quantity demanded, the quantity supplied, and the size of the resulting surplus or shortage. Draw a correctly labeled market graph that il..

  Global expansion and affiliates aboard

It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company

  What is the current market value of this stock

The Diamond Outlet has current earnings per share of $1.96 and an expected earnings growth rate of 2.2%, the required return on the stock is 13% and current book value per share is $12.70. What is the current market value of this stock?

  How much would be supplied by a competitive market

Suppose the market demand function (expressed in dollars) for a normal product is P = 480 – 4q and the marginal cost of producing it is MC = 2q, where P is the price of the product and q is the quantity demanded or supplied. How much would be supplie..

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!

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