« previous next »

Author Question: When a firm produces and sells a refrigerator worth 1,000, its contribution to the gross domestic ... (Read 28 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
When a firm produces and sells a refrigerator worth 1,000, its contribution to the gross domestic product (GDP) on the income side is measured by:
 a. the price paid by the consumer.
 b. the investment made by the firm to manufacture the refrigerator.
 c. the stock of inventories used by the firm to manufacture the refrigerator.
 d. the cost of raw materials used by the firm to manufacture the refrigerator.
 e. the sum of the wages, interest, and rent paid by the firm's owners and the profit of the firm.

Question 2

If the demand for the finished product increases, the:
 a. demand for the resources will increase.
  b. demand for the resources will decrease.
  c. marginal factor cost will increase.
  d. marginal factor cost will decrease.
  e. MP will increase.


Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Gross anatomy of the heart Gross anatomy of the heart
Gross and fine motor development Gross and fine motor development
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Gross anatomy of the male reproductive organs Gross anatomy of the male reproductive organs
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library