subject
Business, 18.02.2020 01:04 krazyapril4601

Suppose a closed economy. Suppose there are a farmer, a baker and the consumers residing in this economy. Flour and bread are the only things produced. The farmer produces flour that is worth $100,000. The baker buys $80,000 worth of flour to make bread and the consumers buy $20,000 worth of flour directly from the farmer. The baker bakes bread that is worth $120,000 and sells those to the consumers. The farmer hires consumers and pays $15,000 in wages; the baker pays $10,000 in wages. The government collects $5,000 of tax from the farmer, $6,000 from the baker and $3,000 from the consumers. The government also spends $14,000 to hire consumers to operate the government.
Required:
a. How much is the total spending on all final goods and services produced?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
question
Business, 22.06.2019 12:00
Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?
Answers: 1
question
Business, 22.06.2019 17:30
If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots
Answers: 1
question
Business, 22.06.2019 17:50
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
You know the right answer?
Suppose a closed economy. Suppose there are a farmer, a baker and the consumers residing in this eco...
Questions
question
Mathematics, 10.06.2020 06:57
question
Mathematics, 10.06.2020 06:57
question
Mathematics, 10.06.2020 06:57
question
Social Studies, 10.06.2020 06:57
question
Mathematics, 10.06.2020 06:57
question
English, 10.06.2020 06:57
Questions on the website: 13722362