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3 years ago

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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Being a good corporate citizen and contributing to the community are examples of __ responsibilities.

Talja [164]

Answer:

corporate social responsibilities

Explanation:

Corporate Social Responsibility refers to the form of global self-regulation for private companies aimed at contributing to community objectives of an entrepreneurial, political, or humanitarian type or by participating in or promoting voluntary or ethically focused action.

Although before it was easy to explain CSR as an inner organizational practice or a business ethics technique, the period followed when different international legislation were established and different organizations used their power to move beyond person and even sector-wide programs.

Although it has long been known a type of organizational self-regulation, it has changed significantly over the past decades from voluntary actions at just the individual level companies to compulsory systems at local, domestic and international scale.

4 0

3 years ago

Diminishing returns to specialization suggests that it is worthwhile for companies to Blank______. Multiple choice question. spe

aev [14]

The diminishing returns to specialization suggests that it is worthwhile for companies to specialize until that point where the resulting gains from trade are outweighed by diminishing returns.

<h3>What is the diminishing returns to specialization?</h3>

This diminishing return happens when the resources can move freely from the production of one good to another within a country.

However, its suggests that it is worthwhile for companies to specialize until that point where the resulting gains from trade are outweighed by diminishing returns.

Therefore, the Option A is correct.

Read more about diminishing returns

brainly.com/question/19070161

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6 0

2 years ago

Suppose Juan has three job offers. He can earn $50,000 in Atlanta, GA; $70,000 in Boston, MA; or $100,000 in San Francisco, CA.

Pavlova-9 [17]

Answer:

To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.

Explanation:

To answer this question you need the comparative costs of living in each of the trhee cities.

In a similar question, you can find the cost of iiving indexes for Atlanta, Boston, and San Francisco. Here is the table:

Cost of living index

City (100 = U.S. City average)

Atlanta, GA 98

Boston, MA 160

San Francisco, CA 245

Thus, to determine which offer Juan should accept to maximize the purchasing power of his income, divide each income by the cost of living index.

Atlanta, GA:

$50,000/98 = $510.20

Boston, MA

$70,000/160 = $437.50

San Francisco, CA

$100,000/245 = $408.16

Rank the adjusted earnings in decreasing order:

$510.20 > $437.50 > $407.16

Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.

5 0

4 years ago

Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar,

nika2105 [10]

Answer:

The pre-devaluation trade balance is -$880 while the post-devaluation trade balance is -$1,398.4.

Step-by-step Explanation:

Step 1: Value Assumptions

Assuming the following import/export volumes and prices:

Initial spot exchange rate ($/fc) 2

Price of exports, dollars 20

Price of imports, foreign currency (fc) 12

Quantity of exports, units 100

Quantity of imports, units 120

Percentage devaluation of the dollar 18%

Price elasticity of demand, imports -0.9

Step 2: Calculation of Pre-Devaluation Trade Balance

Revenue from exports = Quantity of exports x Price of exports

= 100 x $20

= $2,000

Expenditure on imports = Quantity of imports x Price of imports x Initial spot exchange rate

= 120 x $12 x 2

= $2,880

Pre-devaluation trade balance = Revenue from exports - Expenditure on imports

= $2,000 - $2,880

= -$880

Step 3: Calculation of Post-Devaluation Trade Balance

Revenue from exports = Quantity of exports x Price of exports

= 100 x $20

= $2,000

Expenditure on imports = Quantity of imports x Price of imports x New spot exchange rate

= 120 x $12 x 2(1.18)

= $3,398.4

Post-devaluation trade balance = Revenue from exports - Expenditure on imports

= $2,000 - $3,398.4

= -$1,398.4

5 0

3 years ago

If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)

NeX [460]

Answer:

The owner withdrew $8,300

Explanation:

As per given Data

_______________ Assets ____Liabilities

Beginning of Year: $25,000 ___$17,000

End of Year: _____$62,000 ___$27,000

First, we need to the Beginning and Ending Equity value using following formula

Equity = Assets - Liabilities

Beginning Equity = Beginning Assets - Beginning Liabilities

placing values in the formula

Beginning Equity = $25,000 - $17,000 = $8,000

Ending Equity = Ending Assets - Ending Liabilities

placing values in the formula

Beginning Equity = $62,000 - $27,000 = $35,000

Now use the following formula to calculate the amount of drawing

Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal

Placing values in the formula

$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal

$35,000 = $43,300 - Owner withdrawal

Owner withdrawal = $43,300 - $35,000

Owner withdrawal = $8,300

3 0

3 years ago