Identify the parts of the circular-flow diagram

Assignment Help Business Economics
Reference no: EM131424923

Identify the parts of the circular-flow diagram immediately involved in the following transactions. John buys a car from Ford for $25,000. Ford pays George $4,000/month for work on the assembly line. Julie gets a $20 hair cut. Joe receives $5,000 of dividends on his Ford stock.

Reference no: EM131424923

Questions Cloud

What are ethical dilemmas health insurance companies face : What are some ethical dilemmas health insurance companies face? how do they overcome them and are justifications provided by insurance companies understood the same way by patients?
Kantianism vs. utilitarianism : For this assignment you are revisiting the scenario presented in the Module 02 Course Project assignment (Kantianism vs. Utilitarianism). As you will recall, this is where the company you work for is faced with a decision regarding where to produce t..
Identify the parts of the circular-flow diagram : Identify the parts of the circular-flow diagram immediately involved in the following transactions. John buys a car from Ford for $25,000. Ford pays George $4,000/month for work on the assembly line. Julie gets a $20 hair cut. Joe receives $5,000 of ..
Two chimpanzees chosen to carry out genetic research : Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course. Two chimpanzees chosen to carry out genetic research.
Economists use economic models : Economists use economic models to guide their thinking in regards explaining and predicting that which is otherwise unknown. These models are generalizations that rest on assumptions we use in creating a simplified setting, What is important to under..
Capitalism is shaping our daily life in significant ways : Capitalism is shaping our daily life in significant ways. How do you see the economic structure (capitalism) providing limits and/or opportunities for you, your family and community?
Observations on the independent variable are identical : What can you conclude? What happens to the least-squares intercept and the slope estimate when all observations on the independent variable are identical? Can you explain intuitively why this occurs?

Reviews

Write a Review

Business Economics Questions & Answers

  Using neo-classical model of labor-leisure

Using neo-classical model of labor-leisure choice to answer the following questions. How does an increase in wage rate change the optimal consumption-leisure combination chosen by the worker? State income effect and substitution effect.

  Stock market-what is the cost of equity

Les argues that the 10 year note is a better risk free rate at 2%. He also argues that the stock market is too high and the expected return is really only 5%. Assume that he is correct. The company has a beta of 1.6. What is the cost of equity?

  What is the co?ee shops marginal product of milk

Suppose that your co?ee shop has the production function. where b is the amount of co?ee beans used and m is the amount of milk used.5. What is the co?ee shop’s marginal product of beans? What is the co?ee shop’s marginal product of milk?

  Describing the business also include a plot of the price

Generally describing the business also include a plot of the Price also Quantity data that you obtained.

  What is your breakeven quantity per acre

Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre. If the price you receive per bushel is $3.83, what is your profit per acre? If the price you receive per bushel is $3.83, what is your breake..

  Draw two sets of identical price-quantity axes

Suppose the market for jelly is perfectly competitive. The equilibrium price of jelly is $4.00, and the equilibrium quantity is 30. The government imposes a per-unit tax of $1.00, paid by the producers of jelly. Draw two sets of identical price-quant..

  Explain the consumers equilibrium

Distinguish between skimming price and penetration price policy. Which of these policies is relevant in pricing a new product under different competitive conditions in the market?

  Outcome that can result from either price ceiling

An outcome that can result from either a price ceiling or a price floor is:

  A firm under monopolistic competition will earn

If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then

  What happens to equilibrium price and equilibrium quantity

What happens to equilibrium price and the equilibrium quantity of each good described in the situations described below? Illustrate your answers. Sunnyvale is named the most liveable city in the United States. At the same time, the wage rates of home..

  Describe in words how to interpret the coefficient

You gather data on US workers aged 22 to 55 from the Current Population Survey. You define the Average Hourly Wage as self-reported total annual labor income divided by self-reported total annual work hours. Describe in words how to interpret the coe..

  Competitive industry with long run equilibrium price

Daycare for children is in competitive industry with long run equilibrium price at $60/day. The government intervenes and limits what providers can charge and imposes a price ceiling of $45/day. As a result:

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