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15. (2 points) A barber shop served 3,000 customers in 2022 and 3,100 customers in 2023. The price of a haircut was $7 in 2022
15. (2 points) A barber shop served 3,000 customers in 2022 and 3,100 customers in 2023. The price of a haircut was $7 in 2022 and $8 in 2023. If 2022 is the base year, what was the barber shop's contribution to real GDP in 2023? a) $21,000 b) $21,700 c) $24,000 d) $24,800 e) $25,500
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
8th edition
9780077802615, 73523224, 77802616, 978-0073523224
