How much output did the average worker produce

Assignment Help Business Economics
Reference no: EM13214738

If 150 million workers produced America's GDP in 2010, according to the "World View" above, how much output did the average worker produce?

Reference no: EM13214738

Questions Cloud

Describe how to do prepare a horizontal analysis : Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $86,000 $80,000 Property, Plant, and Equipment (net) 99,000 90,000
Explain site analysis performed by a consulting firm : The site analysis performed by a consulting firm (at a cost of $50,000 to General Food) shows that the land is suitable for the plant. The plant will cost $5.5 million to build.
What is wetland mitigation : What is wetland mitigation? How is it different from wetland restoration and what is the main mitigation goal of the usfws for this project? Is this goal a direct response to the pollutant release at the re? nery
Evaluate the relative importance of economies of scale : Evaluate the relative importance of economies of scale and comparative advantage in causing the following.
How much output did the average worker produce : If 150 million workers produced America's GDP in 2010, according to the "World View" above, how much output did the average worker produce?
Does the firm have positive or negative financial leverage : a. Compute the profit margin on sales ratio, the return on equity and the return on assets, rounding calculations to two decimal places. b. Does the firm have positive or negative financial leverage The com¬pany reported the following information fo..
What would be the pros and cons of using spot exchange : Amacon is a bicycle manufacturer that produces approximately 5,000 bikes each month. In order to meet that demand, Amacon needs 10,000 rubber tires at its assembly plant on the last Thursday of each month. Please explain the answers to the followi..
Explain level of incremental sales is associated with pizza : Assume customers will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza?
Compute the accounts receivable and inventory turnover ratio : Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000Average Accounts receivable 205,000 156,000

Reviews

Write a Review

Business Economics Questions & Answers

  What will be the deadweight loss created by this monopoly

Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?

  Calculate the profits of these firms in either case

If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).

  Insurance agents receive a commission

Insurance agents receive a commission on the policies they sell.

  Illustrate what will be main effects of this cost floor

assume that government establishes a cost floor below market equilibrium for rents on how utilizing. Illustrate what will be main effects of this cost floor. Demonstrate your answer graphically.

  Identify the area that represents producer surplus

Identify the area that represents producer surplus. (b) Describe briefly in words how a price floor can cause a “deadweight loss”.

  The political business cycle theory

According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might.

  How does the severity of crowding out depend on the slope

Considering the market for loanable funds, how does the severity of crowding out depend on the slope of the supply curve?

  What will be the average cost of producing the watch

Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40 th watch?

  Marginal revenue from selling another book

Illustrate what is the marginal revenue from selling another book for the author. Explain how does it compare to the marginal revenue

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  At what level of l is apl at its maximum level

Write equations for APL and MPL and graph them on the same set of axes. b. At what level of L is MPL at its maximum level? At what level of L is APL at its maximum level?

  What could be the impact on your rm

M is the average income in the United States. What could be the impact on your rm.

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