ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423548
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 3, Problem 2.6PA
To determine
The disadvantages that sole proprietors face
Introduction:
Sole Proprietorship: The form of business which is run and operated by an individual is known as the Sole Proprietorship. All the liability in this form of business lies with the proprietor.
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11-The selling price of a product in Oman is higher than the price in Dubai although both products are having the same nature. Customers are buying the product from Dubai due to the price differences. What will be the effect of the customers buying the products from Dubai? (1) Due to this, appreciation in the value AED (United Arab Emirates Dirham) relative to OMR, (2) Due to this, depreciate in the value AED (United Arab Emirates Dirham) relative to OMR, (3) Product sold in Oman market will decrease and the retail price will go down, (4) Product sold in Oman market will decrease and the retail price will go up, (5) The demand for the product and prices will increase in Dubai
a. (2) and (3) only
b. (1), (2), (3), (4) and (5)
c. (1) and (2) only
d. (1), (3) and (5) only
#19 ch. 13
Can you help me solve this?
Using the information below, what is the Gross Value Added at Market Price?
Output Sold 800
Price per unit of output 20
Import Duty 400
Net change in stock -500
Intermediate Consumption 8000
a.
7900
b.
6500
c.
2100
d.
7500
Chapter 3 Solutions
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
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- Calculate the net value added at factor cost if :- Value of output = $800 Purchase of raw material = 400 Depreciation = $25 Excise duty =$30 Import duty = $50arrow_forwardCalculate the value of gross value added at factor cost with given information:- Sales = $200 Change in stock = $40 Purchase of raw material = $160 Subsidy = $10arrow_forward16 - Which of the following is the production value of a Turkish artisan who produces bread in Karabük? a) GDP B) net national income C) GDP D) GDP vs. GNP TO) Added Valuearrow_forward
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- G.237.arrow_forwardCalculate sales from the following:- Net value added at FC = 600 Net addition to stocks = -40 Sales tax = 60 Depreciation = 20 Intermediate consumption = 200 All values are in dollar million Subsidy = 10arrow_forwardIncome aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent 850 Interest 880 Distributed Profit 1,300 Proprietor’s income 750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89 Based on the above data, calculate: Gross Domestic Income Gross National Income National Incomearrow_forward
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