Providing entrepreneurial ability

Assignment Help Business Economics
Reference no: EM138618

Q1. What is the definition of Sanford Gordon in economics?

Q2. What is the relationship among marginal product and marginal cost?

Q3. Assume 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: EM138618

Questions Cloud

Current account trade : How does theory hypothesize that a current account trade deficit will be resolved.
The electric field produced by the charged plates : A 21 g bullet travelling at 255 m/s is fired into a 0.452 kg wooden block anchored to a 100 N/m spring. How far is spring compressed to the nearest thousandth of a meter.
Production of steel and other products : Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
What is the new angular speed : What is the velocity of the beam of electrons that go undeflected when passing during perpendicular electric and magnetic fields of magnitude 4700 V/m and 3.6×10-3 T, correspondingly.
Providing entrepreneurial ability : how much are households paid for providing entrepreneurial ability.
Calculate the speed of block at the instant : Calculate the speed of block at the instant the dielectric leaves the capacitor assuming it starts at rest and that the voltage across capacitor after the dielectric is removed is measured to be 200 V.
Company is of firewood in market with fixed costs : Hardwood Cutters presents seasoned as well split fireplace logs to consumers in Toledo, Ohio. The low-cost provider company is of firewood in market with fixed costs.
How much work was completed by the person : A small block with a mass of 0.170 kg is attached to a cord passing through the hole in a frictionless, horizontal surface .The block is initially revolving at a distance of 0.50 m from the hole with a speed of 0.80 m/s. The cord is then pulled from ..
Most risk to the subcontractor : determine which of the risks involved holds the most risk to the subcontractor.

Reviews

Write a Review

Business Economics Questions & Answers

  Quantity demanded of cake

the quantity demanded of Cake is 100 slices and the quantity demanded of cheese bread is 100 pieces.

  Essential distinctions among the stages of growth theory

Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery.

  Positive or negative supply shock

Identify one positive or negative supply shock in the last decade and what is the impact that the shock has had in our economy.

  Goods are produced and traded

Assume that you live in a simple economy in which only three goods are produced and traded.

  Would boeings margin likely rise

Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.

  Impact on the economy

Determine the impact on the economy if the central bank in U.S. used inflation targeting.

  Product functions for hardwood usage

Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.

  Golden rule level of capital per effective worker

Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.

  Clearing and settlements clients of Bank of New York

In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour

  Manufacturer of each product

Describe what a manufacturer of each product might do in the short run to increase production.

  Production possibility frontiers for brazil

Illustrate what would be the production possibility frontiers for Brazil as well as the United States.

  Stations advertising revenue

Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.

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