This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If you buy a new water skis and other new equipment for 2,500 and take a week off of your job, where ... (Read 36 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
If you buy a new water skis and other new equipment for 2,500 and take a week off of your job, where you earn 1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States.
 
  You think that the week was worth 4,000. As a result of your vacation, GDP changes by how much?

Question 2

In the above figure, if the market price rises from 100 to 125 per ton of wheat, then producer surplus
 
  A) decreases.
  B) does not change.
  C) increases.
  D) might increase, decrease, or not change depending on how the demand curve for wheat shifts.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

GDP changes by only the 2,500 you spent on the water skis and other equipment.

Answer to Question 2

C


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
:D TYSM

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

A mother Syrian hamster with pups under one week old. A mother Syrian hamster with pups under one week old.
Water on Mars! Water on Mars!
CT scan equipment. CT scan equipment.
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
How humans maintain homeostasis with respect to water and ions How humans maintain homeostasis with respect to water and ions
Table salt (NaCl) molecules dissolving in water, resulting in Na+ and Cl– ions surrounded by ... Table salt (NaCl) molecules dissolving in water, resulting in Na+ and Cl– ions surrounded by ...
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library