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umka2103 [35]
2 years ago
6

a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds

the quantity demanded of the good. the amount a buyer is willing to pay for a good minus the cost of producing the good. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Business
1 answer:
White raven [17]2 years ago
6 0

Answer:

A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.

Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

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<h3>What are the production possibilities, frontier model?</h3>

The graph known as the Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use. The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity.

Frontier of Assumptions for Production PPF's first presumption is that the current technology setup or infrastructure will not change. The second presumption is that it only compares two goods or services that make use of the same resources.

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6 0
1 year ago
Which of the following is a function of the Federal Reserve System Board of Governors?
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Answer:

The answer is below

Explanation:

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4 0
3 years ago
David wants to buy a pizza and go to the movies. However, he only has enough money to do one or the other. In order to decide wh
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<h3>What is an outsourcing?</h3>

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As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
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