### How market equilibrium price of oranges is determine

##### Reference no: EM136666

Q1. Suppose that businesses buy a total of \$170 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive \$88 billion in wages, \$24 billion in rent, and \$34 billion in interest, how much are households paid for providing entrepreneurial ability?

Q2. General Motors Corporation (a U.S.-based firm) produces a Saab vehicle in Sweden, and sells it in the United States. How does this affect Sweden GDP? How does this affect US GDP?

Q3. Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.

#### Questions Cloud

 Major employer in a small town : A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees. What importance are the swollen and sore lymph glands : The child is running a fever, has fflu-like symptoms, and his lymph glands are very swollen and sore to the touch. Of what importance are the swollen and sore lymph glands. Amount of imports fall : Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic. What has been the average annual rate of po : A mutant prostist is found in which some mitochondria lack an inner mitochondrial membrane. Which pathways would be completely disrupted in these mitochondria. How market equilibrium price of oranges is determine : Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined. What information can you gather to test your hypothesis : What focal length must a pair of glasses have if they are to correct the vision of a person with a near point of 57.5 cm? The glasses are worn 1.8 cm from the eye. Government imposes a tax on the production of cars : If the government imposes a tax on the production of cars, which of the following will occur in the market for cars. What force has to the student applied to the ice : The pH of the inner thylakoid space has been measured, as have the pH of the stroma and of the cytosol of a particular plant cell. Which, if any, relationship would you expect to find. Economies of scale and diseconomies of scale : Indicate whether there will be economies of scale, diseconomies of scale, or constant returns to scale if the facilities are built optimally.

### Write a Review

#### Potential disadvantages of the limited partnership

Limited partnership arrangements alleviate which traditional problem associated with real estate investments.

#### Profits associated with polluting for friedman

Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.

#### Mc curves pre and post innovation

If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.

#### Incumbent monopoly in a market

Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.

#### Describes the essential functions of banks

Brenda Johnson has used a preprinted form that she got from the internet to create her will.

#### Gains from trade will result if a country specializes

Gains from trade will result if a country specializes.

#### The social security system levies a tax on workers

The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.

#### Citizens bank in nominal terms

Susie's boss offers her \$100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.

#### Monopolist has demand and cost curves

Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.

#### Methods realistic and achievable

What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.

#### Effects of two policies

Compare the effects of these two policies in terms of their implications for the current account.

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!