Previously mentioned transactions

Assignment Help Business Economics
Reference no: EM13851179

In 2013, the furniture store PB produced 13 mahogany desks. One of them is sold to Jeanine for $3,349, later that same year Jeanine sold the desk to Pamela for $1,919. The remaining desks were not sold to anyone that year and stay in PB's inventory at a value of $2,070 for each desk. How much was added to GDP from the previously mentioned transactions?

Reference no: EM13851179

Questions Cloud

Government pays an economist-retirement benefits : The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006. The economist then retires. In 2007, the government pays him $30,000 in retirement benefits. The 2006 payment is included in 2006 GDP as government pu..
Write a report for each case during the breakup sessions : You need to write a report (around 1000 words) for each case during the breakup sessions. No reports will be accepted out of the Breakup Sessions.
Determine whether your foreign stock prices : Determine whether your foreign stock prices are highly correlated. Repeat the process just described, except insert the symbol representing one of the foreign stocks you own in the box below the chart.
Gdp growth with both output and prices : In GDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate? If rGDP in Yr 1 was also $5 trillion what can you say about Yr1? If rGDP grew 5% between Yr. 1 and Yr. 2 what did GDP prices do?
Previously mentioned transactions : In 2013, the furniture store PB produced 13 mahogany desks. One of them is sold to Jeanine for $3,349, later that same year Jeanine sold the desk to Pamela for $1,919. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
Discuss negative reinforcement and intrinsic reinforcement : Discuss the following concepts and provide an example (not given in the textbook) for each as it relates to the developmental-behavioral approach. Negative reinforcement, Intrinsic reinforcement, Positive reinforcement and Natural and logical conse..
Find the stationary points : Find the stationary points
Gdp will be underestimated or overestimated : Determine whether GDP will be underestimated or overestimated in each of the following:
Likely impact on the real risk-free interest rate : A nation is enjoying a good economy with high and rising real GDP, expectations for continued growth and profitability, increasing personal incomes and low unemployment (expansionary business cycle). Outline the effects on supply and demand for loana..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the equation of marginal costs

What is the equation of marginal costs? At what level of output are average total costs at their minimum?

  Elucidate what happens to the price of oranges

Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.

  Morning coffee with milk

Sheila budgets $9 per week for her morning coffee with milk. She likes it only if it is prepared with 4 parts of coffee and 1 part milk.

  What is the level of price output and amount of profit for

What is the level of price, output, and amount of profit for an unregulated monopolist? (b) Using the data in the table, what are the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregul..

  Find the new optimal solution

Electrocomp incurred an oversupply of fans in the preceding period, management also insists that no more than 80 fans be produced during this production period. Resolve this product mix problem to find the new optimal solution.

  What sort of relationship would you expect to see

What sort of relationship would you expect to see between the price of bonds and the interest rate?

  Operate along its production possibilities frontier

In deciding where to operate along its production possibilities frontier, a society is answering the question of

  Illustrate the supply and demand table for this scenario

when a cold snap hits florida, the price of orange juice rises in the supermarkets throughout the country. Illustrate  the supply and demand table for this scenario.

  What impact are these events expected to have on the economy

What do they perdict will happen to labor market participation rates in the comming years? What impact are these events expected to have on the economy's potential GDP and why?

  Duties in exact manner and order that he has commanded

A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using

  Comparative advantage in producing wakeboards

Ryan and Asha produce water skis and wakeboards. The first table shows Ryan’s production possibilities and the second table shows Asha’s production possibilities. Each week, Ryan produces 5 wakeboards and 40 water skis and Asha produces 10 wakeboards..

  Find the ATR of someone with a taxable income

A nation has a tax rate of 20% on the first $20,000 of taxable income, 30% on the next $30,000, 40% on the next $20,000 and then 50% on all taxable income above $70,000. Find the ATR of someone with a taxable income of $100,000. How much is a tax cre..

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