A firm that is hiring labor in a purely competitive labor market and selling its product in a purely competitive product market will maximize its profit by hiring labor until Multiple Choice marginal revenue product is zero. marginal revenue product exceeds marginal resource (labor) cost by the greatest amount marginal resource cost is zero. marginal revenue product equals marginal resource (labor) cost.

Q: based on the information in the table and your cxalculations for question #1 and anycountries have a…

A: Net exports are the difference between export and import.  i.e., Net export = Export - Import.

Q: Depreciation is included in GDP, but excluded from NNP, true or false.

A: This is because the net rise in the value of capital goods in a country over the course of a year is…

Q: Calculate the PPP-adjusted GDP for each of the four countries, using the information found in the…

A: GDP or gross domestic product is the sum of the value of all end commodities produced within the…

Q: Find the GNP deflator when the nominal GNP is 2550 and the real GNP is 3000!!!!

A: GNP deflator or gross national product deflator is a metric to analyse the effects of inflation on…

Q: When the government expenditure exceeds the government receipts it is known as?

A: According to the given question Accordingly government expenditure refers to the buying or…

Q: ​The net national product (NNP) is the: ​A. difference between gross domestic product and net…

A: Net National product (NNP) is the value of all goods and produced by the residents of a country.…

Q: GDO minus depreciation is the the formula used to calculate a- net national product b- gross…

A: GDO refers to the Gross domestic output. This economic variable actually includes the depreciation…

Q: Exports and Imports 800 700 600 500 300 400- 200 F 100 I 1970 1980 1990 Year Exports Imports 2000…

A: Net exports help to determine a country's total trade. The formula to compute net exports will be…

Q: what will be the budget expenditure if the revenue expenditure are 620 and the capital expenditure…

A: Initially in the given question, Revenue expenditure are as = 620 Capital expenditure stated as =…

Q: Quarterly GDP: Multiple Choice O O O is typically shown as a seasonally adjusted estimate at an…

A: GDP refers to the sum of the market values of all final products and services produced within a…

Q: mitially, an economy has a maximum real GDP of $5 trillion. .) Using the line drawing tool, draw the…

A: The aggregate supply curve will be shifting towards right when there is an increase in productivity…

Q: Gross Investment $ 38 National Income 120 Net Exports 22 Personal Income 105 Personal Consumption…

A: To calculate the consumption of fixed capital, also known as depreciation, we need to determine the…

Q: hat role does livestock play in Pakistan's economy, GDP, AGDP?

A: Gross Domestic Product (GDP) is the total value of all goods and services produced within a…

Q: how does an increase in population effect a countries GNI?

A: GDP stands for the finished products and services generated in an economy during a specific time…

Q: The GDP deflator in year 2 is a b Question 27 Selected answer will be automatically saved. For…

A: In order to calculate the GDP deflator first the nominal and real GDP for year 2 is calculated. GDP…

Q: If equipment is fully tradable, so that the price in Kenyan shillings (KSh) equals the price in…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 2. Using the prices listed below, calculate, for 1980 and for 2010, the value of tails that…

A:

Q: IMPORTS (M) 16.6% 40.5% 23.8% Which of the following is CORRECT according to the above table (GDP…

A: here we find the correct option among the given options as follow:-