Japan's gdp in 2012 was 468 trillion yen. in the same year us gdp was 16.2 trillion dollar. the exchange rate was 79.8 yen per dollar. in addition the price level in japan divided by the price level in the us was 1.307, that is, prices were 30.7% higher in japan than in the us. what is japan's gdp in usd at local prices i. e. if we do not take into account the differences in relative prices and simply use the exchange rate to make the conversion? "

Which term refers to the cost that motivates an economic decision

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?