How much are households paid for providing entrepreneurial

Assignment Help Econometrics
Reference no: EM13213490

Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability?

Reference no: EM13213490

Questions Cloud

Define the vapor pressure of pure benzene at the temperature : A solution is 40.0% by volume benzene (C6H6) in carbon tetrachloride at 20C. The vapor pressure of pure benzene at this temperature is 74.61 mmHg and its density is 0.87865 g/cm3
Why ethanol is a viable alternative to gasoline : Ethanol is widely used as a component in gasoline. Ethanol can be produced from various crops, with corn as the usual production supply in the United States. General Motors promotes their flexible-fuel vehicles (FFVs) that are capable of burning e..
Explain effect of higher concentrations of hydrochloric acid : Write a procedure that would follow to demonstrate the effect of increasingly higher concentrations of hydrochloric acid on its rate of reaction with antacid tablets. Can only use materials listed:
Explain the requirement for security arrangements : Explain the requirement for security arrangements for assessment data - Conduct assessment of a minimum of two candidates within the VET context and against different units of competency or accredited curricula, following the relevant assessment pl..
How much are households paid for providing entrepreneurial : Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest
Determine who has an absolute advantage in the home : Brad and Angelina are married with kids. Suppose Brad's at-home productivity as a parent is $25 and Angelina's is $40. a. Who has an absolute advantage in the home How do you know b. If brad works in the labor market, he can earn a wage of $500p..
Classfy reaction as combination and decompositon : classfy each reaction as cmbnation, decompositon, single replacement, double replacement, or combustion
Explain why the price of coffee goes up : The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..
Find number of mole of all reactant involved in the reaction : 11 g of sodium bromide NaBr is mixed with 9 g of butanol CH3CH2CH2CH2OH to yield 258 mg of bromobutane CH3CH2CH2CH2Br. Under the catalysis of 10 ml of sulfuric acid density 1.84g/ml.

Reviews

Write a Review

Econometrics Questions & Answers

  Draw a histogram of household size variable

Draw a histogram of household size variable. On the histogram, mark in the mean and median. Comment on the shape of the distribution and what are the mean and standard error of your sampling distribution

  Find confidence interval for mean salary of management major

A researcher is interested in estimating the salary of management majors. it is known that the population of salary offers is normally distributed with a standard deviation of 4(in thousands of dollars). the sample yields a sample mean of 50. 1. c..

  Calculate coefficient of variation

The XYZ Company has estimated expected cash flows [in thousands] for 1996 to be as follows: Calculate: a. expected value b. standard deviation c. coefficient of variation d. If the true cash flows are normally distributed with mean from (a) and stand..

  Find the optimal-utility-maximizing choice of food

julie has preferences for food, f, and clothing, c described by a utility function u(f,c)+f*c. her marginal utilities are Muf=c and Muc=f. suppose that food cost $1 a unit and that clothing costs $2 a unit. julie has $12 to spend on food and cloth..

  By how much does output increase or decrease

Given the following information calculate the multiplier effect on Y, i.e. by how much does output increase or decrease by (Y), if Unless told otherwise, assume other factors are held constant. For example if you are told that only government spend..

  What is the growth rate of real gdp per capita

Suppose an economy's real GDP is $38,000 in year 1 and $41,200 in year 2. What is the growth rate of its real GDP (Instructions: Round your answer to two decimal places.) The growth rate of the economy's real GDP = % Assume that population is 100 in ..

  What is the marginal cost of the last unit

The daily wage (per worker) is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is "high enough" so that the firm's total costs exceed its total revenue.

  Calculate the magnitude of deadweight loss for ceiling fan

Suppose the government imposes a price ceiling of $50 on a market characterized by the following information:Qd = 700 - 2P Qs = 100 + 4P Calculate the magnitude of deadweight loss from the price ceiling.

  Determine what would the monthly payment be

Suppose you want to buy a car. Sale price of the car is $18,427. You can afford to make a down payment of $3,427. The net amount to be financed is $15,000. If the dealer offers 6 year at 6.25% APR (compound monthly), what would the monthly payment..

  What was the level of government spending

In the second quarter of 2006, household income was $13,134 billion, consumption was $9,162 billion, investment was $3,340 billion, and net exports were -$777 billion. What was the level of government spending in the second quarter of 2006

  Calculate the change in the exchange rate

the percentage undervaluation or overvaluation in the Big Mac, based on exchange rates in July 2009. Suppose purchasing power parity holds and in the long run, so that these deviations would be expected to disappear. Suppose the local currency pri..

  Determine price of soda pop sold at your stand in dollars

Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: QP = 500 - 100PP + 1.2..

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