« previous next »

Author Question: If a firm hires labor for 4,000, pays rent of 1,500, buys raw materials for 6,000 from another firm, ... (Read 90 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
If a firm hires labor for 4,000, pays rent of 1,500, buys raw materials for 6,000 from another firm, earns profits of 500, and sells its output for 14,000, the value added by the firm is _____.
 a. 12,000
  b. 8,000
 c. 6,000
 d. 2,000
 e. 500

Question 2

The demand curve for labor of Coca-Cola manufacturers will not shift to the right if:
 a. d and e.
  b. the price of Coca-Cola increases.
  c. the firms innovate with new technology that raises labor productivity.
  d. the price of Pepsi decreases.
  e. Coca-Cola workers become unionized.


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Rocks are the most common geosphere materials, and can be fun, dangerous, beauti Rocks are the most common geosphere materials, and can be fun, dangerous, beauti
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.
Nine labels used to identify hazardous materials in the Global Harmonization System (GHS). Top row: ... Nine labels used to identify hazardous materials in the Global Harmonization System (GHS). Top row: ...
Specific Gravity of Selected Materials Specific Gravity of Selected Materials
The nuclear envelope is studded with pores, which allow exchange of materials The nuclear envelope is studded with pores, which allow exchange of materials
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library