Simple interest in calculated on which of the following?
a. Only on the principal amount
b. Only on the accumulated interest
c. On the principal amount plus the accumulated interest
d. Only on the capital gain
a. Only on the principal amount
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Consider a firm whose final output (and sales) in a particular year has a value of $1,200
To produce these goods, the firm used $500 worth of intermediate goods it had purchased in previous years plus $200 worth of newly-purchased intermediate goods. In the subsequent year, this same firm again sells $1,200 worth of final goods, but in this year has purchased $700 worth of intermediate goods, of which $100 is not used in current production but, rather, added to the firm's inventory. For each of these two years, calculate the value added by this firm. For each of these two years, calculate the contribution of this firm to the economy's GDP.
How does value of marginal product (VMP) of labor determine the number of workers a competitive firm will hire?
The stock of unused goods held by a firm is called a(n):
a. depreciation. b. supplement. c. deadweight loss. d. excess capacity. e. inventory.
Most goods in our economy are allocated in markets, where buyers pay for what they receive and sellers are paid for what they provide
a. True b. False Indicate whether the statement is true or false