The total decrease in deposits in the banking system is $250,000.
<h3>What is total decrease in deposits?</h3>
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves.
Decrease in deposits = amount withdrawn / required reserve ratio
$25,000 / 0.1 = $250,000
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Answer:
Which of the following statements is true of the sources of competitive advantage?
It is possible to improve quality and also enhance speed.
Explanation:
It is possible to improve quality and also enhance speed, competitive advantage helps to improve quality as a result of the competition from others as well as increase in speed at which it will be carry out in order to outsmart other competitor.
The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.
Answer:
Break even point
Explanation:
The break even point is the number of units a company must sell such that total revenue equals the total cost. The total cost is usually made of the fixed and variable components.
The number of units required to break even ( that is to make no loss nor gain) is a factor that determines the total sales and the variable cost. It however may not affect the fixed cost.
Answer:
a. Producer surplus
b. Neither
c. Consumer surplus
Explanation:
The producer surplus is the difference between the minimum price a producer is willing to accept for a product and the price he actually gets.
The consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price he actually gets.
a. Here, the person gets $189 for his laptop but he was willing to accept $180 as well. This is an example of producer surplus. The producer surplus, in this case, is $9.
b. In this example, we only know the price that the producer actually received and the price the consumer actually paid. The maximum price the consumer was willing to pay or the minimum price that the producer was willing to accept is not mentioned. So this is neither an example of producer surplus nor consumer surplus.
c. Here, the consumer was willing to pay $47 for a sweater, but he actually has to pay $40. This is an example of consumer surplus. The consumer surplus is equal to $7.
