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jok3333 [9.3K]
3 years ago
5

Producer surplus is

Business
1 answer:
Burka [1]3 years ago
8 0

Answer:

B) the difference between the maximum a person is willing to pay and current market price.  

Explanation:

Consumer surplus is difference between maximum price consumer wants to pay and actual price he pays.

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To determine if a product should be considered ___, it can be compared with existing products or its level of required consumer
jarptica [38.1K]

Answer:

new

Explanation:

If the product is truly new, it is bought by novelty fans, snobs; This phase would be equivalent to that of the early childhood of the human being.

The product at this time is new and unknown, so it is necessary to spend some time in publicizing the product and gaining market acceptance. Sales start and grow very slowly. The benefits are non-existent in almost all this phase. The time when they start to occur usually coincides with the end of this stage.

That is why it is said that in addition to the FTC having a legal definition of the same, it is defined by the experienced consumer.

5 0
3 years ago
Read 2 more answers
If the family will not budget their family resources or their efficiently what will happen?
mr Goodwill [35]

Answer:

They will go broke

Explanation:

because if they spend over budget thats not enough money so they will be broke

4 0
3 years ago
Fruitasia purchased land, a building, and equipment for $800,000. the estimated fair values of the land, building, and equipment
marishachu [46]

Given; Equipment and building = $800,000Fair value of the land = $100,000Fair value of the building = $700,000Fair value of the equipment = $200,000
Solution;
$800,000 x [$100,000/($100,000 + $700,000 + $200,000)] = $80,000.
The company would record the land of $80,000
6 0
3 years ago
After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar
sergejj [24]

Answer:

If Florida experiencing a hurricane which knocked out the regional water supply for several days then the demand for bottled water increased remarkably. This increase in the demand of bottled water shifts the demand curve rightwards and supply curve remains the same. This shift in the demand of bottled water will increase the equilibrium price and equilibrium quantity in a market economy.

4 0
3 years ago
Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms.
OverLord2011 [107]

Answer:

1. Direct Materials: C) Paper

2. Direct Labor: A) Artist's wages

3. Indirect materials: G) Glue for envelopes <em>(this is asuming there isn't a direct association between glue, envelopes and greeting cards - which is the case that one envelope can be used for 1 card or 2+ cards indistinctly- and/or 1 glue can be used for more than 1 envelope)</em>

4. Indirect labor: B) Wages of materials warehouse workers; E) Manufacturing plant manager's salary

5. Other manufacturing overhead: D) Depreciation on manufacturing equipment; F) Property taxes on manufacturing plant

4 0
4 years ago
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