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Alja [10]
2 years ago
13

Suppose a firm receives $10 for selling one additional unit of its product but that additional unit costs the firm $1 to produce

. The producer surplus for the additional unit of product is
Business
1 answer:
elena-s [515]2 years ago
6 0

The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.

<h3>What is producer surplus?</h3>

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production

Producer surplus = price – cost of proeuction

$10 - $1 = $9

To learn more about producer surplus, please check: brainly.com/question/15282739

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how might a recent college graduate's investment portfolio differ from someone who is nearing retirement?​
iren [92.7K]

Answer:

A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest

Explanation:

4 0
3 years ago
Would the management of a firm in an oligopolistic or in a competitive industry be more likely to engage in what might be called
sp2606 [1]

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Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.

6 0
3 years ago
Broker John is advertising a desirable property that sold months ago to attract buyers. When the buyers ask to see that property
Katyanochek1 [597]

Answer:

Bait-and-switch advertising.

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8 0
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Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials
zaharov [31]

Answer:

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Only the major materials and components are include as direct materials because these are the materials that directly needed for production.

b. Only hourly production workers (aka assembly workers).

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c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).

All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.

2.

Rent for the factory building ⇒ <u>Manufacturing Overhead (OH).</u>

Cost of engines used in production ⇒ <u>Direct materials (DM).</u>

Depreciation on production equipment ⇒ <u>Manufacturing Overhead (OH). </u>

Cost of lubricant used in production. ⇒<u> Manufacturing Overhead (OH). </u>

Production supervisor's salary. ⇒ <u>Manufacturing Overhead (OH). </u>

Assembly workers' wages. ⇒ <u>Direct Labor.</u>

7 0
3 years ago
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hoa [83]

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