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joja [24]
3 years ago
9

Producer surplus is represented by the area ________ the supply curve and ________ the price.

Business
1 answer:
wolverine [178]3 years ago
3 0
Producer surplus is an economic measure of the change between the quantity a producer of a good obtains and the least amount the producer is eager to receive for the good. The change, or surplus amount, is the profit the producer obtains for selling the good in the market. This is found above the supply curve and below price.
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During January, its first month of operations, Flint Company accumulated the following manufacturing costs: raw materials purcha
VashaNatasha [74]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
3 years ago
MATCH each economist to his economic belief.
Georgia [21]

1. Friedrich von Hayek------------Less government intervention gives  people more economic freedom.


To Hayek, less government intervention implied more economic freedom. He trusted that when individuals are allowed to pick, the economy runs all the more proficiently. In the United States, the most grounded supporters of Hayek's thoughts were a gathering of business analysts at the University of Chicago. Known as the "Chicago School of Economics," this inexactly shaped, informal gathering of financial specialists was for the most part connected with free market libertarianism. The name alludes to financial specialists who got their tutoring in the Economics Department at the University of Chicago. To date, almost 50% of all Nobel Prizes in Economics have been won by analysts with connections to Chicago.  



2. Milton Friedman---------Government should not control the  money supply.


Milton Friedman saw the 1920s as years of indispensable and sustainable growth in the economy. Amid this period the Federal Reserve outstandingly extended the cash supply. This development was not reflected in an expansion in the normal cost level, on the grounds that fiscal powers were killed by simultaneous increments in efficiency.  



3. John Maynard Keynes----------Government intervention is necessary  for stability.


John Maynard Keynes made the hypothetical contentions for another kind of monetary system: government intervention used to smooth out the business cycle. Keynes died in 1946, yet his thoughts made the Keynesian school of financial aspects and prompted the improvement of macroeconomics. Keynes' belief system overwhelmed the financial worldview from 1945 until the late 1970s. As indicated by Keynes, free markets don't generally contain self-adjusting components; some of the time government intervention is important to limit downturns and advance development. He trusted that without state help, the blasts and busts in the business cycle could winding wild.



4. Adam Smith------------Competition is a regulatory force.



A market economy is a monetary framework in which people claim the greater part of the assets - land, work, and capital - and control their utilization through willful choices made in the commercial center. It is a framework in which the legislature assumes a little role. In this kind of economy, two powers - self-interest and competition - assume a critical job. The role of self interest and competition was depicted by financial specialist Adam Smith more than 200 years prior and still fills in as basic to our comprehension of how showcase economies work.  

5 0
2 years ago
Read 2 more answers
The 12-month period a business chooses for its accounting period is a/an A. calendar year. B. accounting period. C. fiscal year.
lilavasa [31]
The accounting period is also referred to as reporting period. It is the time period for which a company or organization make reports about its financial performance and financial results.
Calendar year is the accounting period that follows the regular calendar year, from January to December.
Accounting period is the general term that describes accounting periods.
Fiscal year or financial year is the general term used to describe an annual accounting period.
Accounting cycle on the other hand is the process of making the financial reports.
According to these definitions,
<span>he 12-month period a business chooses for its accounting period is a fiscal year.</span>



7 0
3 years ago
Negotiations often involve three types of issues. For ______________ issues, the parties' preferences are directly opposed. For
NNADVOKAT [17]

Answer:

1. Distributive issues

2. Integrative issues

3. Congruent issues

Explanation:

Typically, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.

Hence, Negotiations often involve three types of issues. For DISTRIBUTIVE issues, the parties' preferences are directly opposed. For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently. For CONGRUENT issues, the parties have the same preferences.

5 0
3 years ago
A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
gizmo_the_mogwai [7]

Answer:

The correct answer is letter "D": master limited partnership.

Explanation:

A Master Limited Partnership or MLP is a publicly-traded partnership in which the limited partnership interest is traded in much the same way as the corporate shares. In an MLP there are two groups of partners: <em>the general partner</em> -holding a small percentage- and the <em>limited partners</em> -controlling most of the partnership. The limited partners pay MLP revenue taxes on their personal income tax returns.

4 0
3 years ago
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