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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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Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then shipped to two outlets, located in Ch
Vanyuwa [196]

Answer:

49250

Explanation:

Calculation through North West corner Method:

From Chicago Atlanta Supply

St. Louis 40 65 250

Richmond 70 30 400

Demand 300 350 -

The matrix is balance matrix because demand is equals to supply.

In first step of North West corner method:

We supply 250 units to the Chicago for St. Louis is 40.

We supply 50units to the Chicago for Richmond is 70.

We supply 350units to the Chicago for Richmond is 30.

We supply 350units to the Chicago for Richmond is 30.

Calculation for the degree of freedom is:

=

Raw

total

+

Colum

total

−

1

=

2

+

2

−

1

=

4

Now introduce the

θ

on that value where the lope is note created and the value is 65:

The calculation for the cost is:

=

250

×

65

+

300

×

70

+

400

×

30

=

49250

3 0
4 years ago
Typically homes ___________ over time and cars ______________ over time.
Varvara68 [4.7K]
Typically homes increase in value over time and cars <span>depreciate</span> over time.
5 0
3 years ago
Read 2 more answers
Indicate whether each of the following cost of an automobile manufacturer would be classified as direct materials, direct labor,
CaHeK987 [17]

Answer:

a) DM Windshield

(b) DM Engine

(c) DL Wages of assembly line worker

(d) MO Depreciation of factory machinery

(e) MO Factory Machinery lubricants

(f) DM Tires

(g) DL Steering wheel

(h) MO Salary of painting supervisor

Explanation:

Direct materials (DM) are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

Direct labor (DL) is production or services labor that is assigned to a specific product, cost center, or work order.

Manufacturing overhead (MO) is all indirect costs incurred during the production process.

(a) DM Windshield

(b) DM Engine

(c) DL Wages of assembly line worker

(d) MO Depreciation of factory machinery

(e) MO Factory Machinery lubricants

(f) DM Tires

(g) DL Steering wheel

(h) MO Salary of painting supervisor

7 0
3 years ago
Along with higher return comes
juin [17]
In a world with perfect information, the answer is C.   Higher returns compensate the investor for taking on higher risk.
4 0
3 years ago
OSHA requires that employers report all work-related fatalities to OSHA within _____ hours and inpatient hospitalizations that r
nasty-shy [4]
1. 8
2. 24

Hope this is correct.
7 0
3 years ago
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