Tom Atoe grows fruits and vegetables for home consumption. This activity is Multiple Choice
1. included in GDP because it reflects production.
2. excluded from GDP in order to avoid double counting.
3. productive but is excluded from GDP because no market transaction occurs.
4. excluded from GDP because an intermediate good is involved.

Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?