The study of economics on a smaller scale is called

which of the following will cause an increase in producer surplus? a. the price of a substitute increases b. buyers expect the p

AleksandrR [38]

The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.

What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.

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7 0

2 years ago

This company became the richest company on earth. british east india company dutch east india company french east india company

Tasya [4]

<span>The company that became the richest company on earth. dutch east india company </span>cuz while all the other european countries were focused on making colonies the Dutch worked on their trade system

6 0

3 years ago

Read 2 more answers

An escrow account is:A. always under the jurisdiction of the brokerB. beyond the control of either party to the escrowC. always

AURORKA [14]

Answer: B - beyond the control of either party to the escrow

Explanation: An Escrow account is a legal term used where funds are held in trust whilst two or more parties complete a transaction.

An Escrow is a trusted third party that will be in custody of the funds during the cause of the transaction and will be the one to pay the merchant after all the escrow agreement are fulfilled.

Escrow account reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied. It apply mainly to real estate transactions.

8 0

4 years ago

During a drought in the southeastern United States, marketing campaigns were implemented to encourage consumers to use less wate

AlladinOne [14]

Answer:

De-marketing.

Explanation:

De-marketing is a type of marketing used to decrease or slow down the demand for products that are in short supply. It is can be an effort made through advertisements or campaigns that encourages the public to limit the consumption of a product, as at a time of shortage.

De-marketing, during drought, can be deployed to encourage consumers to use less water.

5 0

3 years ago

On July 10, 2020, Pronghorn Music sold CDs to retailers on account and recorded sales revenue of $635,000 (cost $508,000). Prong

mixas84 [53]

Answer:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

10/31/2020 No entries are needed as the return period has expired.

Explanation:

(a)

Dr Accounts Receivable $635,000

Cr 7/10/2020 Sales Revenue $635,000

Dr Cost of Goods Sold $508,000

Cr Inventory $508,000

(b)

Dr Sales Returns & Allowances $82,700

Cr 10/11/2020.Accounts Receivable $82,700

Dr Returned Inventory $66,160

Cr Cost of Goods Sold $66,160

($508,000 / $635,000) x $82,700= $66,160

10/31/2020 No entries are needed as the return period has expired.

8 0

3 years ago