How businesses buy a total of the four resources, Microeconomics

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How businesses buy a total of the four resources

Suppose that businesses buy a total of $170 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $88 billion in wages, $24 billion in rent, and $34 billion in interest, how much are households paid for providing entrepreneurial ability?

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Microeconomics: How businesses buy a total of the four resources

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Microeconomics: How businesses buy a total of the four resources

Reference No:- TGS051909

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Evaluate potential projects

Q : If purchasing power parity doesn-t hold american pay more

Q : What is the book value of the equipment

Q : How much did terms of trade of trade partner deteriorate

Q : How businesses buy a total of the four resources

Q : Which would include in consumer spending

Q : Calculate the payback period and the net present value

Q : What is the real deficit in year one

Q : What is the basic relationship between interest rates

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How businesses buy a total of the four resources

Reference No:- TGS051909

Recent Questions Asked Microeconomics

Q : Evaluate potential projects

Q : If purchasing power parity doesn-t hold american pay more

Q : What is the book value of the equipment

Q : How much did terms of trade of trade partner deteriorate

Q : How businesses buy a total of the four resources

Q : Which would include in consumer spending

Q : Calculate the payback period and the net present value

Q : What is the real deficit in year one

Q : What is the basic relationship between interest rates

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