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

Author Question: Suppose we have the following information about a car manufacturer: car sales 1000M, steal purchases ... (Read 24 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
Suppose we have the following information about a car manufacturer: car sales 1000M, steal purchases 600M, wages 300M, interest on business loans 50M, and profits 50M. What is its contribution to GDP using the product approach?
 
  A) 1000M
  B) 600M
  C) 400M
  D) 350M

Question 2

What do we learn from the shape of the Cobb-Douglas production function?
 
  A) its slope remains constant as labor input increases
  B) the marginal product of labor declines as the labor input falls
  C) there are diminishing returns to labor
  D) all of the above
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Thank you :)


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Information flows from the nucleus to the cytoplasm and back. Information flows from the nucleus to the cytoplasm and back.
Everyday situations sometimes present opportunities for children to build information processing ... Everyday situations sometimes present opportunities for children to build information processing ...
Organizing Drug Information by Pharmacologic Classification Organizing Drug Information by Pharmacologic Classification
Electronic service information is available from aftermarket sources, such as All-Data and ... Electronic service information is available from aftermarket sources, such as All-Data and ...
A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower ... A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library