* Question Completion Status:QUESTION 15Robert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In whichcase will the flour be counted as a final good?Robert's purchase and CARMIN Bakery's purchase.CARMIN Bakery's purchase but not Robert's purchase.Robert's purchase but not CARMIN Bakery's purchase.Neither Robertť's purchase nor CARMIN Bakery's purchase.a.C.d.O aO bO cO dQUESTION 16In 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households duringthe year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contributehow much to GDP for 2020?a.$21 millionb.$20 millionC.$45 milliond.$25 millionO aO b

1)Final good of the flour would be for Robert but not for Carmin bakery. Because Robert bought the…

estion Completion Status: QUESTION 15 cobert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In which ase will the flour be counted as a final good? Robert's purchase and CARMIN Bakery's purchase. CARMIN Bakery's purchase but not Robert's purchase. Robert's purchase but not CARMIN Bakery's purchase. Neither Robertť's purchase nor CARMIN Bakery's purchase. O a QUESTION 16 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households during e year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contribute ow much to GDP for 2020? $21 million $20 million $45 million $25 million O a O b

estion Completion Status: QUESTION 15 cobert loves eating pizza. He bought flour and used it to bake pizza. CARMIN Bakery bought flour which it used to bake pizza that customers purchased. In which ase will the flour be counted as a final good? Robert's purchase and CARMIN Bakery's purchase. CARMIN Bakery's purchase but not Robert's purchase. Robert's purchase but not CARMIN Bakery's purchase. Neither Robertť's purchase nor CARMIN Bakery's purchase. O a QUESTION 16 2020, a farmer sells $20 million worth of corn to REFG Company. REFG Company produces $25 million worth of cereal in 2020, with sales to households during e year of $21 million. The unsold $4 million worth of cereal remains in REFG Company's inventory at the end of 2020. The transactions just described contribute ow much to GDP for 2020? $21 million $20 million $45 million $25 million O a O b

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 7.2IP

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2. Exercise 8.2 Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $12 million. Bowen owes his local bank $9 million. Last year Bowen sold $11 million worth of cotton. His variable operating costs were $9 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.) What is Bowen's accounting profit? O $1,560,000 O $1,550,000 O $1,220,000.00 O $1,210,000.00 What is Bowen's economic profit? O $1,550,000 O $1,210,000.00 O $1,560,000 O $1,220,000.00
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7. There are three (3) types of resumes: chronological resume combination resume functional resume Please to create an introduction and conclusion for these three types of resumes. thankyou. (business communication question)
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PRe TEST: Situation Analysis ( Essay) 1. If you were to start a business, would you have to search for an idea, or do you already have an idea to try? Explain. 2. Why would small business ownership have great appeal to immigrants, women, and minorities? 3. How would you go about deciding whether you wanted to start a business from scratch, buy an existing business, or buy a franchise? 4. Many entrepreneurs say they did a little planning, perhaps scratching notes on a legal pad. How is it possible for them to succeed? 5. Do you think entreprenurs who launched a new business after deciding to leave a job on their own versus those who have been forced to leave a job as a result of downsizing are likely to have different traits? Which group is more likely to succeed?
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