Effect on total revenue, Assume that he marries her the

Effect on total revenue

Assignment Help Business Economics

Reference no: EM137224

Q1. Assume that a doctor who lives alone hires the services of a maid also pays her $15,000 a year to clean his house. Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year?

Q2. The current price, paid by businesses, for your widget is 3.00. The current quantity you sell to various businesses is 150,000 per month. You decide to cut the price of your widget from 3.00 to 2.70. You expect (based on internal forecasts) that the quantity you will be willing and able to provide to your customers will decrease from 150,000 to 138,750 per month. What is the effect on total revenue?

Reference no: EM137224

Questions Cloud

Bavarian crystal works : As Bavarian Crystal Works is only one for many crystal producers in the world market, it can wholesale as many of the decanters as it wishes for $50 apiece.

Illustrate the significance of resource pricing : Illustrate the significance of resource pricing explain rule or criteria of employing for resources under pure and perfect competition.

Downward-sloping demand curve : Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.

Practice costs american jobs in the long run : Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.

Effect on total revenue : Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.

Adjusting inflation : As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.

What is the hydroxyl ion concentration of this lake : Illustrate four organelles or structures that all eukaryotic cells have in common. In adding, describe two eukaryotic cell features that would be found only in autotrophic cells.

What a payout ratio means : Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.

Describe the major points of the sternberg : Describe the major points of the Sternberg, Spearman, and Gardner models of intelligence. Discuss specific similarities and differences from one model to another. Discuss which model appears to be the most comprehensive model of intellectual function..

User Account

All Pages