1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fun
noname [10]

Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

              To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

                    To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

3 0
3 years ago
If a legal monopoly owns the exclusive rights to a good for 20 years, it has a ________ for that good.
Nastasia [14]

If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.

What do you mean by monopoly?

Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.

What do u understand by patent?

An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.

Learn more from monopolies: brainly.com/question/13113415

#SPJ4

4 0
2 years ago
How much money is wasted on fraudulent health products each year in the US?
jenyasd209 [6]
About 750 billion,
$210 billion in unnecessary services and $190 billion in excess admin cost, $130 billion in inefficient delivery care $150 billion in inflated prices, and $75 billion in fraud and $55 billion in inflated prices.
3 0
3 years ago
Read 2 more answers
environmental performance indicators that are the critical success factors in a sustainability perspective include
kompoz [17]

Factors that are responsible for environmental performance indicators in a sustainability perspective include :

  • Operational indicators assess potential environmental strains.
  • Management indicators assess attempts to mitigate environmental effects.
  • Environmental condition indicators assess the quality of the environment.

What is Environmental Sustainability ?

Environmental sustainability is the obligation to conserve natural resources and protect global ecosystems for current and future health and well-being.

Because of how much energy, food, and man-made resources we consume every day, environmental sustainability is critical. Rapid population growth has increased agricultural and manufacturing, which has resulted in increased greenhouse gas emissions, unsustainable energy consumption, and deforestation.

To know more about Environmental Sustainability

brainly.com/question/21538467

#SPJ4

7 0
2 years ago
Construct a decision-making grid that analyzes the potential choices of attending basketball practice and working at an after-sc
lidiya [134]

Answer:

A decision-making grid helps you to analyze what you gain and what you lose whenever you make choices. Refer to the following decision grade that analyzes the potential choices of attending basketball practice and working at an after-school job.

Explanation:

Decision-making grid:

Before constructing a decision-making grid, lets assume that the Mr. A chose to work an after-school job, so the benefits are associated with his choice whereas the opportunity cost represents the choice he could have chose i.e. attending basketball practice

Choice                       Benefits                                      Opportunity Cost

One hour at Job        Afford to pay his tuition fees     Learn a new skill    

Two hours at Job      Afford a gaming console      Able to achieve req.fitness  

Three hours at Job    Afford to buy bike                 Make to the team's bench

Four hours at Job      Afford a good college          Make to the starting lineup

Five Hours at Job      Afford a car              A regular with good performances

8 0
3 years ago
Other questions:
  • Most manufacturers today shy away from using global sourcing owing to the growing concerns over issues related to quality.
    7·1 answer
  • Abercrombie & Fitch is developing a program to get to know its customers. Which of the following is not a reason why A&F
    15·1 answer
  • A techno entrepreneur
    10·1 answer
  • Knowledge Check 01 Melas Company changed from the LIFO to the FIFO inventory costing method on January 1, Year 3. Inventory valu
    10·1 answer
  • Bill wants to get input on his business idea from his friends. Which of the following should he do?
    12·1 answer
  • The financial statements of Weston Office Supply include the following​ items:20172016Cash​ $43,500​ $50,000Shortminus−term Inve
    12·1 answer
  • Madison Company issued an interest-bearing note payable with a face amount of $9,000 and a stated interest rate of 8% to the Met
    15·1 answer
  • Farmer Joe is planning to purchase a new hog farm. He anticipates making $20,000 the first year, $25,000 the second year and $30
    5·1 answer
  • Premier Sports Inc has a beginning PBO balance of​ $628,000 and a beginning market-related value of plan assets of​ $560,000. Th
    15·1 answer
  • The presence of pollution in the dry cleaning industry leads in the long run to dynamic inefficiencies because:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!