The economy, as a system, represents the

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Answer 1

Answer: The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.

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Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million dollars' worth of tin from foreign countries and paid workers who reside in Canada but commuted to the U.S. $1 million, all other labor was provided by U.S. residents. How much of the company's production was included in U.S. GDP

Answers

The cost of the company production that was included in U.S. GDP is $12 million.

Using this formula

Cost of production=Cost of producing cans of sardines- Purchase

Where:

Cost of producing cans of sardines=$14 million

Purchase=$2 million

Let plug in the formula

Cost of production=$14 million- $2 million

Cost of production=$12 million

Inconclusion the cost of the company production that was included in U.S. GDP is $12 million.

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Answer:

$12 million

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

What is corporate social responsibility project for Jumani Gold Mines

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because that way, every one can see what the person is doing, his records, and stuff like that.
also, so that the person would not be lying to the court, they would know for sure, what and where this all happened.
Hope that this would help you!!

Which phrase describes the income effect?A. the effect of demand and supply on income earned by producers
B. the impact of price on consumers’ purchasing ability and decisions
C. the increased income earned by suppliers because of high prices
D. the impact of consumers’ income on the supply of a product

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Answer: b). the impact of price on consumers’ purchasing ability and decisions.

Explanation:

Effect of a change in the price of good can be decomposed into income effect and substitution effect. When the price of a good falls, the consumer has some extra money left after purchasing the original bundle of goods. So, with this extra money he can buy more of the goods he likes. This is called the income effect. So, we can say that the income effect studies the impact of a price change on consumers purchasing ability and decisions.

b the correct answer is b

Which of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault?a. Property damage liability
b. Collision
c. Comprehensive physical damage
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Joe Johnson needs surgery for appendicitis. Which part of his basic insurance coverage should help pay for this surgery?
a. Hospital Expense Insurance
b. Surgical Expense Insurance
c. Physician Expense Insurance
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which of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault? B. Collision

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A company has a value v which is uniformly distributed between 0 and 1. You are planning to place a bid b for the company. If b is smaller than v, then your bid loses and you get nothing; if b is larger than v, you get to purchase the company at price b, and the company will end up being worth 1. 5 * v. What price b should you bid to maximize your profit?

Answers

Therefore, if you bid 0.5, you can expect to win the company with probability 0.5 and pay 0.5 for it, for an expected value of 0.375. This is the maximum expected value you can achieve.

To maximize your profit, you should bid the expected value of v, which is 0.5. This is because, if you bid higher than the expectedvalue, the probability of winning the company will decrease, and if you bid lower, the probability of winning will increase, but the value of the company will be lower.

Here's how to calculate the expected value:

The probability of winning the company is given by the probability that v is less than b. Since v is uniformly distributed between 0 and 1, the probability that v is less than b is simply b.

The expected value of the company is given by the probability of winning the company multiplied by the value of the company if you win. Since the value of the company if you win is 1.5 * v, the expected value is given by:

Expected value = b * (1.5 * v)

Substituting the value of b = 0.5, we get:

Expected value = 0.5 * (1.5 * 0.5)

= 0.5 * 0.75

= 0.375

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What is credit card balance

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A credit card balance is the amount of money you owe the company who give you the credit card. A time delay in processing payments can mean that the balance is not always accurately reflected until payments have gone through. Credit card balances can be positive, negative or nil.

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Samantha has been asked to join a task force that is charged with boosting organizational productivity. First, she was asked to jot down ideas on how to increase productivity, and after that, the group met to discuss everyone’s ideas and come up with solutions together based on those suggestions. Samantha’s taskforce best exemplifies which creative problem solving method?A) Traditional brainstormingB) Electronic brainstormingC) Nominal group techniqueD) Groupthink