All categories

4 years ago

The marginal seller is the seller:

Business

1 answer:

Volgvan4 years ago

3 0

Answer:

b. who supplies the smallest quantity of the good among all sellers, and the marginal buyer is the buyer who demands the smallest quantity of the good among all buyers

Explanation:

Marginal sellers and buyers are one who sells at a price that is lower than the other and barley sells in the market. Thus he sells his goods at the economic costs and does not earn a surplus.

Thus he has to maintain a margin within the market he can also leave the market if the prices tend to be lower.

You might be interested in

If Treasury bills are currently paying 5.2 percent and the inflation rate is 2.7 percent, what is the approximate real rate of i

Alexxandr [17]

Answer:

2.43 %

Explanation :

Real Interest rate = (1 + nominal rate) / (1 + inflation rate) - 1

therefore,

Real Interest rate = 1.052 / 1.027 - 1

= 2.43 %

the approximate real rate of interest is 2.43 %

3 0

3 years ago

DDX Co. is a short-haul trucking company. Juan owned 1,000 shares of DDX stock. With research, he found a better investment oppo

Lina20 [59]

Answer and Explanation:

This is an example of corporation. Corporation is a legal entity wherein it goes public and offers its shares for ownership and trading in the primary and secondary market. Corporation is public limited company and has a board consisting of executives and CEO. Whereas, the shareholders do not interfere with the management decisions they are only concerned with their dividends.

In this case, Juan owned 1000 shares of DDX. DDX is a corporation because it is able to offers its shares to the general public and allows trading of shares for ownership.

3 0

3 years ago

A rightward shift of the supply of loans curve would

Minchanka [31]

C. increase in the interest rate

3 0

3 years ago

Free contract is the _____.rivalry among sellers to attract customers while lowering costs concept that people may decide what a

creativ13 [48]

Almost positive the answer would be <span>concept that people may decide what agreements they want to enter into</span>

8 0

3 years ago

Read 2 more answers

The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10

emmainna [20.7K]

Answer:

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound = $11.75

current period = 10,000 pounds

purchased = 11,500 pounds

actual units produced = 9,900 pounds

to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity ) ..................1

put here value in equation 1 and we get

Direct materials efficiency variance = 11.75 × ( 10000 - 9900 )

Direct materials efficiency variance = 11.75 × 100

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

3 0

4 years ago