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AlekseyPX
2 years ago
15

What is the space between the buyer’s reservation price and the seller’s reservation price called?

Business
1 answer:
dimulka [17.4K]2 years ago
3 0

The space between the buyer’s reservation price and the seller’s reservation price is  called the Total surplus.

What is reservation price for buyer?

A reserve price or reservation price is a word frequently used in auctions and refers to the lowest amount a seller will accept as a successful bid. An alternate, less well-known definition is the highest price a customer will pay for a good or service.

What is producers reservation price?

The minimal price that buyers and sellers are ready to accept in order to buy or sell a good is known as the reservation price. It is the highest price a potential buyer or consumer is willing to pay for a good; for a seller or producer, it is the lowest price they are willing to accept.

Learn more about reservation price: brainly.com/question/13215058

#SPJ4

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The financial services department of your company offers a competitive leadership program. After screening and interviewing all
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Thus, invitation letters to the participants of leadership programs should be written following a <em>formal </em>coding.

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If the monthly income of the IBM employees follows a SYMMETRICAL NORMAL distribution, with a median of $5000 and a standard devi
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Answer:  mean monthly income = $5000

====================================================

Explanation

In any normal distribution, the median and mean are the same value.

-------------

The proof is as follows:

If mean > median was the case, then the distribution would be skewed to the right (ie positively skewed). The right tail is pulled longer than the left tail. But this would contradict the symmetrical nature of the normal distribution. So mean > median must not be the case.

If mean < median, then the distribution would be skewed to the left (negatively skewed). Visually this pulls the left tail longer than the right tail. Like in the previous paragraph, this contradicts the symmetrical nature of the normal distribution. So mean < median must not be the case.

Since mean > median cannot be true, and neither can mean < median, this must indicate mean = median.

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So in short, any symmetrical distribution always has mean = median and they are at the very center of the distribution.

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2 years ago
Which type of accounting information is intended to satisfy the needs of external users of accounting information
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The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

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In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

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