Harry's Pizza Parlor Produced 10,000 Large Pizzas Last Year That

question 64

Multiple Choice

Harry's Pizza Parlor produced 10,000 large pizzas last year that sold for $10 each.This year Harry's produced 11,000 large pizzas (identical to last year's pizzas) but sold them for $12 each.Based on this information, we can conclude that Harry's production of large pizzas

• A)increased nominal GDP from last year, but real GDP was unaffected.
• B)increased both nominal and real GDP from last year.
• C)increased real GDP from last year, but nominal GDP was unaffected.
• D)did not change either nominal or real GDP from last year.

Develop empathy and the ability to convey it in business communications.

Recognize the potential legal implications of future-oriented statements in bad-news communications.

Understand the impact of how bad news is received on employee morale and the importance of direct communication.

Understand the calculation and interpretation of profit margin and total asset turnover.

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Definitions:

Produce

To create or manufacture goods for sale or consumption.

Farmer

An individual who operates a farm, engaged in the cultivation of crops or the raising of animals for consumption or sale.

Price

The amount of money required to purchase a good, service, or asset.

Total Costs

The full expenditure associated with the production and delivery of products or services, encompassing both direct and indirect costs.