The table below provides information about the cost of inputs and value of output for the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The table below provides information about the cost of inputs and value of output for the production of a road bike. Note there are four different stages of production. Raw materials Rubber for one tire ($25) Aluminum for the frame ($75) Other component materials ($90) Manufacturing Tire maker sells tires for $40 each Frame maker sells bike frame and components for a total of $240 Construction Bike mechanic puts everything together and sells the bike for $355 Instructions: Enter your answers as a whole number. a. What value is added by the supplier of the raw materials? $ b. What value is added by the tire maker? $ c. What value is added by the maker of the frame and components? $ d. What value is added by the bike mechanic? $ e. What value is added by the bike store? $ f. What is the total contribution of the bike to GDP? $ Sale by the retailer Retailer sells the bike for $600 The table below provides information about the cost of inputs and value of output for the production of a road bike. Note there are four different stages of production. Raw materials Rubber for one tire ($25) Aluminum for the frame ($75) Other component materials ($90) Manufacturing Tire maker sells tires for $40 each Frame maker sells bike frame and components for a total of $240 Construction Bike mechanic puts everything together and sells the bike for $355 Instructions: Enter your answers as a whole number. a. What value is added by the supplier of the raw materials? $ b. What value is added by the tire maker? $ c. What value is added by the maker of the frame and components? $ d. What value is added by the bike mechanic? $ e. What value is added by the bike store? $ f. What is the total contribution of the bike to GDP? $ Sale by the retailer Retailer sells the bike for $600
Expert Answer:
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Posted Date:
Students also viewed these finance questions
-
Hest Computers believes that its collection costs could be reduced through modification of collection procedures. This action is expected to result in a lengthening of the average collection period...
-
The table below provides information about hours of sleep. a. Calculate statistical power for a one-tailed test (a = 0.05, or 5%) aimed at determining if those in the sample sleep fewer hours, on...
-
The table below provides price, revenue, and cost information for a monopolistically competitive firm selling drive-through car washes in a large city. a. Complete the table. b. Plot the demand,...
-
In Exercises 8586, find a. (f g)(x); b. (g f)(x); c. (f g)(3). f(x)=x, g(x) = x + 1
-
The following 20X2 consolidated statement of cash flows is presented for Acme Printing Company and its subsidiary, Jones Delivery: Acme Printing acquired 60 percent of the voting shares of Jones in...
-
What are the two steps that are required in determining the amount of tax benefit to be recognized in association with an uncertain tax position?
-
Donald Midkif, a data scientist with Khatri, Inc. has been tasked with determining in which of the largest U.S. cities the products Khatri manufactures and distributes are most popular as measured by...
-
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most...
-
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA...
-
Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylars...
-
What is secession, and how is it different from self-determination?
-
Data on the three models and selected costs follow. Year 1 Units produced and sold Red 6,000 Yellow 11,000 Green 21,000 Total 38,000 Sales price per unit $ 160 $ 130 $ 60 Direct materials cost per...
-
1. Electric potential is given by V=6x-8xy-8y+6yz - 4z Then magnitude of electric force acting on 2C point charge placed on origin will be :- (1) 2N (2) 6N (3) 8N (3) 8N (4) 20 N 2. Figure shows...
-
3. Consider Figure 1, Network Diagram. All duration estimates or estimated times are in days. Start A 15 D 9 G 8 B 17 12 H E 9 14 F 11 11 End
-
There was a "step by step assist" for this question in the resources and it not super unhelpful. For all the yellow, it is a fixed sheet and we can not use data analytics, so it must be solved with...
-
Over the years, the style and practice of leadership within law enforcement agencies has gradually changed. In the past, leadership was primarily relegated to one individual within the department....
-
Analysis the sequential circuit below by deriving the state and output equations, listing the state table and drawing the state diagram of the circuit. Clock D Q
-
The baseball player A hits the ball from a height of 3.36 ft with an initial velocity of 34.8 ft/s. 0.14 seconds after the ball is hit, player B who is standing 15 ft away from home plate begins to...
-
Many medical and hospital services in Canada are provided at zero direct cost to all Canadians and are financed out of general government revenues. a. What would be the marginal value of such...
-
The following table shows the demand schedule for PlayStation video games. a. Compute total expenditure for each row in the table. b. Plot the demand curve and the total expenditure curve. c. Compute...
-
Consider the revenues and costs in 2013 for Spruce Decor Inc., an Alberta-based furniture company entirely owned by Mr. Harold Buford. Furniture Sales.. $645,000 Catalogue Sales. $12,000 Labour...
-
Frieda Wannamaker is a taxable investor who is currently in the 28% income-tax bracket. She is considering purchasing a tax-exempt bond with a yield of 3.75%. The taxable equivalent yield on this...
-
Holding constant all other variables and excluding any interactions among the determinants of value, which of the following would most likely increase a firms price-to-earnings multiple? a. The risk...
-
Technical analysis looks at the demand and supply for securities based on trading volumes and price studies. Charting is a common method used to identify and project price trends in a security. A...
Study smarter with the SolutionInn App