If producers are willing to sell 20 cans of soda at a total price of $10 and a local restaurant offers to pay $16, then producer surplus is equal to <u>$6</u>.
Total price=$10
Offers to pay=$16
Surplus=10-16=$6
Producer surplus is the difference between the price a person would accept for a certain quantity of a good and the price they could get for the good if they sold it at market value.
The producer benefits from market sales of the good by receiving the difference or surplus amount.
Market pricing above the lowest price producers would normally be ready to pay for their goods result in a producer surplus. The Walras law may be relevant here.
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Answer:
Earnings from self-employment
Explanation:
Self-employment is the only option which includes money you have earned.
Answer:
Incentive Theory
Explanation:
Reason behind would be because how many things you ate your brain and taste are processing that all at the same time making it taste like a completely different substance.
Please find article attached
Answer and Explanation:
1. East Asia
2. Economy of Europe
1. the article suggests countries near industrialized and rapidly growing economies tend to tap from the economic success of their neighboring countries just like west coast USA taps from East Asia rich economy
2. The economy of Europe if stagnating will in contrary cause stagnating growth to East Coast USA as opposed to the west which is closer to Asia
A list of accounts and balances before adjustments are recorded is known as a(n) Unadjusted trial balance.
What is accounts?
The entry of a transaction in a financial statement is referred to as a “accounts.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.
The unadjusted before trial balance as the adjustment of the record in the accounts. The trial balance as the entry in the double-entry account book, as the indicating the errors of the accounting.
As a result, the unadjusted trial balance, list of accounts and balances before adjustments are recorded.
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