subject
Business, 28.09.2019 03:20 mahkitheking16

Hermes is very special. by a fluke of nature, exactly one-half of the plots have high productivity in any given week. if two people harvest from one of these plots, they collect 20 grams of goo. the other half of the plots have low productivity. if two people harvest from one of them, they collect only 4 grams of goo.
let's calculate potential output on the planet hermes. one way to define this concept is to say that potential output is the amount the economy would produce if the monetary system the economy uses to conduct its transactions did not interfere with decisions about production. for example, suppose that long ago, a wise hermetian elder proposed the following simple rule, designed to make sure that potential output would always equal actual output: "each week, if your plot has high productivity, come to the central square in town and wait for someone to volunteer to you. if your plot has low productivity, go to the square and volunteer to work for someone waiting there."if everyone were to follow this rule, what would output per capita be on hermes? (per capita means per person)a. 20 grams of goo per capitab. 12 grams of goo per capitac. 8 grams of goo per capitad. 6 grams of goo per capitae. 24 grams of goo per capitaf. 16 grams of goo per capitag. 1 gram of goo per capitah. 10 grams of goo per capita

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:10
Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.
Answers: 3
question
Business, 22.06.2019 02:00
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
question
Business, 22.06.2019 11:00
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
Answers: 2
question
Business, 23.06.2019 08:00
If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.
Answers: 1
You know the right answer?
Hermes is very special. by a fluke of nature, exactly one-half of the plots have high productivity i...
Questions
question
History, 13.03.2021 08:50
question
Mathematics, 13.03.2021 08:50
question
Mathematics, 13.03.2021 08:50
question
Mathematics, 13.03.2021 08:50
Questions on the website: 13722359