Author Question: The gross domestic product measures the value of all final goods and services produced by resources ... (Read 76 times)

Melani1276 · **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.