Fill This Form To Receive Instant Help

Question 1) Suppose that work hours in New Zombie are 300 in year 1 and productivity is \$18 per hour worked

Economics

Question 1)

Suppose that work hours in New Zombie are 300 in year 1 and productivity is \$18 per hour worked.

a) What is New Zombie's real GDP? \$_____________

If work hours increase to 320 in year 2 and productivity rises to \$20 per hour, what is New Zombie's rate of economic growth?

b) Rate of growth = __________%

Question 2:

The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs \$150,000 to develop and only \$0.50 per unit to deliver to each cell phone customer.

a) What will be the per-unit cost of the application if it sells 100 units

Per-unit cost = \$__________

b) What will be the per-unit cost of the application if it sells 1000 units?

Per-unit cost = \$__________

c) What will be the per-unit cost of the application if it sells 1 million units?

Per-unit cost = \$__________

2.94 USD

Option 2

rated 5 stars

Purchased 8 times

Completion Status 100%