Amy pays the wholesales distributor of the card

Assignment Help Microeconomics
Reference no: EM13236176

Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions to GDP in the years 2013 and 2014?

Reference no: EM13236176

Questions Cloud

Does the marginal utility of y diminish or remain constant : On a graph with x on the horizontal axis and y on the vertical axis,draw a typical indifference curve (it need not be exactly to scale, but it needs to reflect accurately whether there is a diminishing MRSx,y ).
Determine what types of specification errors you might encou : Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response.
Determine the amplitude of the sound : Two in-phase loudspeakers are located at (x, y) coordinates (-2.5 m, +2.0 m) and (-2.5 m, -2.0 m), Determine the amplitude of the sound at the five positions on the y-axis (x = 0) with y = 0.0 m, 0.5 m, 1.5 m, and 2.0 m
Explain what is the pressure in kilopascals : What is the pressure in kilopascals in s 38.0L balloon st 22 C filled with hydrogen produced by the reaction of 854.25 g of potassium with water
Amy pays the wholesales distributor of the card : Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions..
Which of the following are examples of intermediate range : Which of the following are examples of intermediate range planning decisions?
Compute the autocorrelations of the income series : Compute the autocorrelations of the income series for the first 10 time lags. Is the behavior of the autocorrelations consistent with your choice in part b?
Explain what is the molarity of an unknown gas : What is the molarity of an unknown gas that weighs 0.110 g in a 63.5mL container at 752 torr and 23 C
How has the worldwide demand fro quality driven the concept : How has the worldwide demand fro quality driven the concept of innovation? How has innovation changed your life?

Reviews

Write a Review

Microeconomics Questions & Answers

  What objectives do unions serve

What objectives do unions serve? Are there other, more economically efficient, methods to achieve these objectives? What might those methods be?

  Evaluate price elasticity of demand

Evaluate price elasticity of demand

  Voting control of corporations

Ross owns 918 shares of Flag Fabric Corporation There are thirteen directors to be elected. 31,000 shares of common stock are outstanding.

  What important function of money does a statement disregard

Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard. Suppose the money ..

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Why regression slope coefficient is statistically significan

When looking at regression results, how do you know which of the estimated regression slope coefficients are STATISTICALLY SIGNIFICANT. How do you know if the independent variables explain a large fraction of the variance when looking at regression ..

  Optimal level of consumption or consumer demand

The company selling the good x starts an advertisement campagin that has the following effect on the consumer he makes decisions as if maximizing a decision utility function.

  Explain a long term contract

The specific structure of a U.S. corporation's charter and bylaws is constrained by:Corporate governance refers to aspects of the corporation such as ,If a firm purchases a part of its supplies on the open market this is called :

  Determining present value of electrical power costs

Electrical power costs at a mine are estimated to be $850,000 in each of the next 12 years. Find out the present value of this expenditure at an interest rate of 11%.

  Effect of events on market

What will be the effect of the following events on the market for French wine and the quantity consumed? Distinguish between the short-run and the long-run impact.

  Insurance companies in oligopolies

Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?

  Describe the industrial revolution

1. began in France with the development of the steam engine and then spread to the UK and the United States. 2. began in 1550 when the English learned how to use coal to replace wood as a heat source and spread to france and eventually the United S..

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