« 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 74 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?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Absorption & Stripping Design Random packing materials Absorption & Stripping Design Random packing materials
Classification of ceramic materials on the basis of application Classification of ceramic materials on the basis of application
North Korea: Labor Issues North Korea: Labor Issues
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
A valve corroded by nitric acid. Hazardous materials releases are often caused by using incompatible ... A valve corroded by nitric acid. Hazardous materials releases are often caused by using incompatible ...
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
Video: Alternative Energy Sources

For a complete list of videos, visit our video library