How much are households paid for providing entrepreneurial

Assignment Help Econometrics
Reference no: EM13213490

Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest, how much are households paid for providing entrepreneurial ability?

Reference no: EM13213490

Questions Cloud

Define the vapor pressure of pure benzene at the temperature : A solution is 40.0% by volume benzene (C6H6) in carbon tetrachloride at 20C. The vapor pressure of pure benzene at this temperature is 74.61 mmHg and its density is 0.87865 g/cm3
Why ethanol is a viable alternative to gasoline : Ethanol is widely used as a component in gasoline. Ethanol can be produced from various crops, with corn as the usual production supply in the United States. General Motors promotes their flexible-fuel vehicles (FFVs) that are capable of burning e..
Explain effect of higher concentrations of hydrochloric acid : Write a procedure that would follow to demonstrate the effect of increasingly higher concentrations of hydrochloric acid on its rate of reaction with antacid tablets. Can only use materials listed:
Explain the requirement for security arrangements : Explain the requirement for security arrangements for assessment data - Conduct assessment of a minimum of two candidates within the VET context and against different units of competency or accredited curricula, following the relevant assessment pl..
How much are households paid for providing entrepreneurial : Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest
Determine who has an absolute advantage in the home : Brad and Angelina are married with kids. Suppose Brad's at-home productivity as a parent is $25 and Angelina's is $40. a. Who has an absolute advantage in the home How do you know b. If brad works in the labor market, he can earn a wage of $500p..
Classfy reaction as combination and decompositon : classfy each reaction as cmbnation, decompositon, single replacement, double replacement, or combustion
Explain why the price of coffee goes up : The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..
Find number of mole of all reactant involved in the reaction : 11 g of sodium bromide NaBr is mixed with 9 g of butanol CH3CH2CH2CH2OH to yield 258 mg of bromobutane CH3CH2CH2CH2Br. Under the catalysis of 10 ml of sulfuric acid density 1.84g/ml.

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the profit by charging the optimal block price

Suppose you are the marketing manager for the Fruit of the Loom. An individuals' inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 - 3Q (in cents). If cost to Fruit of the Loom to producing women's underwear is C(Q) ..

  Determine is the merger likely to be approved

The banking market in Athens, Ohio, currently has four banks with market shares of 60%, 20%, 15%, and 5%. The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.

  Find the demand function for tickets

The following table shows part of the demand function for tickets to an outdoor summer concert by a popular singing group: Price (P)...Quantity (Q) 50........... 100 35.......... 180 20............300 10............500

  How you would select a random sample of three regular motels

Suppose the last five motels are "cut-rate" motels. Describe how you would select a random sample of three regular motels and two cut-rate motels. Three can be chosen from the first 20 motels in how many ways

  How much economic profit will each medallion holder earn

Now suppose the city council of Metropolis decides to curb congestion in the downtown area by limiting the number of taxis to 6. Applicants participate in a lottery and size winners get a medallion (a permanent license). What is the new equilibriu..

  Would you expect an increase or decrease in total revenue

In an attempt to increase revenue and profits a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -15 and the advertising elasticity of demand is -+0.6 would you expec..

  Determine the net effect of raising taxes and govt spending

Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .4. Would it be expansionary, contractionary, or useless to the economy to increase government expenditures by $30 billion and also increase taxes by $30 billion.

  Compute output per firm and profit per firm at this price

suppose that there are 70 firms in operating in the industry. using the MC curve, find out how much output in total is delivered to the market at each price (you only need to consider prices equal to the MC values above). now assume that the marke..

  How many units of cocoa will casper consume

Casper's utility function is 3x + y, where x is his consumption of cocoa and y is his consumption of cheese. If the total cost of x units of cocoa is x^2, the price of cheese is $8, and Casper's income is $174, how many units of cocoa will he cons..

  Is a proper probability mass function

What is the probability that an individual drawn from this distribution holds public health insurance? What type of probability is this?

  Find maximum profit that can be earned by the urea industry

Urea is used as a fertilizer in cultivation of agricultural products. In Pakistan there are very few industrial plants for the production of urea. Energy shortage has badly affected the production of these industrial plants. This situation has inc..

  What is the average monthly salary in country a

The average family in country A spends 60 percent of their disposable income on residence. The average family in country B spends 25 percent of their disposable income on residence. The average monthly salary in country A is $2,500 and in country ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd