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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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Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled pro
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I think it $1 per unit
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When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips,
marshall27 [118]

When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Given an incomplete sentence related to infineon technologies.

We are required to fill the sentence by an appropriate term.

We can fill the sentence with "a cartel".

A cartel is basically a formal agreement among firms in an oligopolistic industry. Members of cartel may agree on such matters as prices, total industry output, market shares, allocation of customers, allocation of territories, bid-rigging, establishment of common sales agencies, and the division of profits or combination of these. It is basically a group of people who are collected to complete an objective.

Hence when four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Learn more about cartel at brainly.com/question/12015868

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1 year ago
The banking system in the united states is a dual banking system with both state and ___________ banks.
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6 0
3 years ago
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There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con
Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

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3 years ago
Who is turning 18 this year
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Answer:

not me but I'm turning 14.

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