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

Author Question: Aggregate income equals: a. the sum of income earned by all laborers in the world economy. b. the ... (Read 181 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
Aggregate income equals:
 a. the sum of income earned by all laborers in the world economy.
 b. the sum of income earned by all workers in the private sector.
 c. the sum of the income earned by all the resource suppliers in an economy.
  d. the total income of all employees after payment of income tax.
 e. the total income of all employees after purchases of necessities.

Question 2

If product price decreases, then:
 a. MP will increase.
  b. MFC will increase.
  c. MRP will increase.
  d. MRP will decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 30, 2018
Correct answers!


elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

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

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Calcium metabolism in osteoporosis: (a) bone deposition equals bone resorption; (b) bone resorption ... Calcium metabolism in osteoporosis: (a) bone deposition equals bone resorption; (b) bone resorption ...
Forest and Trees around the world Forest and Trees around the world
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Video: Stimulus (introduction)

For a complete list of videos, visit our video library