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

Author Question: The gross domestic product measures the value of all final goods and services produced by resources ... (Read 70 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
The gross domestic product measures the value of all final goods and services produced by resources owned by a nation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is 5 per wash, and the price of workers is 60 per day. The car wash should hire a fifth worker if it would increase total production to at least:
 a. 92 cars per day.
  b. 100 cars per day.
  c. 104 cars per day.
  d. 110 cars per day.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

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

False

Answer to Question 2

a


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Nitrogenous wastes produced by different animal groups. Nitrogenous wastes produced by different animal groups.
Gross and fine motor development Gross and fine motor development
Mining Mineral Resources Mining Mineral Resources
Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Metallic Resources Metallic Resources
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library