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balu736 [363]
2 years ago
10

Consumer surplus is greater than producer surplus when the demand curve is ____; producer surplus is greater than consumer surpl

us when the demand curve is ____.
Business
1 answer:
mash [69]2 years ago
3 0

When the price at which items are sold exceeds what it costs businesses to produce those goods, there is a producer surplus. The region to the left of the quantity sold, below the price, and above the supply curve is known as the producer surplus.

Consumer surplus is represented by a horizontal line drawn between the y-axis and demand curve and is defined as the region below the downward-sloping demand curve, or the amount a consumer is prepared to spend for certain quantities of an item, and above the actual market price of the good.

Producer surplus decreases when the equilibrium price falls. The producer surplus is intimately correlated with changes in the demand curve. Producer surplus rises as demand rises. Reduced demand results in reduced producer surplus.

To learn more on equilibrium price

brainly.com/question/21329957

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___________ on the internet involves a push-pull dynamic: The firm that provides a product will push to get that product in fron
Slav-nsk [51]

Answer: Digital marketing

Explanation: Digital marketing is the element of research and administration of satisfying consumers’ needs and wants which uses digital technologies centered on online and internet to promote goods and services.

Push dynamic in digital marketing refers to a circumstance whereby a dealer promotes or pushes its commodity to obtain customers’ attention who probably wasn't looking for it while pull dynamic in marketing is the situation whereby the firm reaches customers that have already exhibited an interest in the commodity or message about it.

5 0
3 years ago
If an economy is producing efficiently, then A. there is no way to produce more of one good without producing less of another go
lys-0071 [83]

Answer:

the correct answer is A. There is no way to produce more of one good without producing less of another good.

Explanation:

In Economy, there is two principal variables, the goods and the resources to produce that goods. The term Efficient means the best way to produce one o more goods using less resources, it means that in teory, more resources you use, more goods you produce, but the resources are limited and they are distributed proportionally to produce in the most efficient way all the goods in an economy. So in order to produce more from one good, is necessary to take resources out from another productions, and doing so, the production of the second good will be diminished.

6 0
3 years ago
ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At
Scilla [17]

Answer:

The flood shifts the supply to the left.

The increase in healthcare costs shifts the supply curve to the left.

Explanation:

An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.

A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.

6 0
3 years ago
China's steel industry:___________
Ronch [10]

Answer:

B

Explanation:

If I'm not wrong, their steel industry is still growing due to the inputs of iron ore and coal.

4 0
3 years ago
Read 2 more answers
Presented below is information for Cullumber Co. for the month of January 2022.
pentagon [3]

Answer:

<u>Cullumber Co.</u>

<u>Comprehensive income statement for the month ended January 2022.</u>

                                                                                              $

Sales revenue                                                                 400,000

Less Sales returns and allowances                                (17,000)

Net Sales                                                                         383,100

Less Cost of goods sold                                               (201,500)

Gross Profit                                                                      181,500

Less Expenses

Rent expense                                              33,900

Sales discounts                                           10,000

Freight-out                                                     6,300

Insurance expense                                     13,400

Salaries and wages expense                     61,200

Income tax expense                                    5,300      (130,100)

Profit for the Year                                                           51,400

Other comprehensive income                                       2,000

Total Comprehensive income                                      53,400

Explanation:

The Comprehensive income statement for the month ended January 2022 has been prepared above.

8 0
3 years ago
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