Emily is a writer, and uses her tablet computer to write a 500-page novel that she sells to a publishing company for $500,000. If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel?
A) $25 million
B) $20 million
C) $500,000
D) $50,000
Answer: A
You might also like to view...
Exhibit 7-12 Marginal revenue and cost per unit curves
?
As shown in Exhibit 7-12, the firm's short-run supply curve is the:
A. entire marginal cost curve. B. rising part of marginal cost beginning at E. C. rising part of marginal cost beginning at F. D. entire marginal revenue curve.
If the Fed wanted to keep inflation in check given the growth rate of the economy, how should they have responded to the financial innovations of the mid to late 1970s and early 1980s in terms of money growth?
What will be an ideal response?
The intersection of the x axis and the y axis is called the
A) "meeting point." B) origin. C) "zero" point. D) corresponding point.
Pookie's Pinball Palace restores old Pinball machines. Pookie has just spent $300 purchasing and cleaning a 1960s-era machine which he expects to sell for $2,000 once he is finished with the restoration. After having spent $300, Pookie discovers that he
will need to rewire the entire machine at a cost of $1,100 in order to finish the restoration. Alternatively, he can sell the machine "as is" now for $1,000. What is the marginal cost of completing the task? A) $300 B) $800 C) $1,100 D) $1,400