1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
luda_lava [24]
3 years ago
12

The difference between the economic surplus when the market is at its competitive equilibrium and the economic surplus when the

market is not in equilibrium is the:________.
Business
2 answers:
Maslowich3 years ago
7 0

Answer:

<u>Deadweight loss.</u>

Explanation:

Deadweight loss is a concept to characterize an economic situation where there is no free market balance, generating a loss of economic efficiency.

This is usually caused by tax hikes, artificial shortages that generate monopoly prices, external situations, binding minimum prices, and others.

Zarrin [17]3 years ago
4 0

Answer:

Deadweight loss

Explanation:

Deadweight loss can be defined as the lost economic surplus when a market is not allowed to adjust to its competitive equilibrium. The deadweight loss includes losses in both supplier and consumer surplus.

A deadweight loss happens when the equilibrium price for a good or a service cannot achieved usually due to external factors, e.g. price ceilings like rent control, specific taxes, etc.  

You might be interested in
Make a simple poem regarding the learning’s that you acquired in managing the finances. (4 Stanzas only with rhyme and with no m
dangina [55]

Answer:

My net worth is my assets less my liabilities

I should therefore not spend above my capabilities

Pay off the debt required and then a little more

That way I can have, a great credit score

Like everything else, I must plan my finances

Create a budget and include my expenses

And make space for an emergency fund

So on rainy days I don't find myself cashless and hamstrung

Its important to remember that I won't work forever

I should therefore set something aside, to fall back on

When I'm too old and grey to embark on strenuous endeavor

I'll be well taken care of because I remembered my pension

And I shouldn't forget, to keep a proper record

Get educated in a financially sound method

That way I can know what comes in and what goes out

I'll be sure of my situation and leave room for no doubt

4 0
2 years ago
A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 76 pounds of Kona coffee beans a
Slav-nsk [51]

Answer:

Explanation:

Base on the scenario been described in the question, we use the following method to solve the question

d = 75 lbs/day 200 days per year

D= 15,000 lb/year H= $3/lb/year S= $16/order

6 0
3 years ago
Revenues are recognized when ______, even when the cash is collected in a different accounting period than the obligation to the
Elanso [62]

The condition for which revenues are recognized even when the cash is collected in a different accounting period is;

  • Services are provided even if cash has not yet been collected, in cases of accrual basis accounting

<h3>Revenue recognition</h3>

Two major forms of revenue recognition exist;

  • When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
  • When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting

Read more on revenue recognition;

brainly.com/question/26274038

6 0
2 years ago
Resources are:
MariettaO [177]

Answer:

b.Scarce for households and scarce for economies

Explanation:

  • A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.
4 0
3 years ago
In Cuba, a lottery system effectively decides who gets to purchase a car. Why would someone favor a lottery system over a price
ArbitrLikvidat [17]
Answer: C


I hope this helps and have a wonderful day!!
7 0
3 years ago
Read 2 more answers
Other questions:
  • Teams generally have which of the following effects on stereotypes and biases in the workplace? a. Teams will reduce communicati
    15·2 answers
  • What is the difference between income and cash flow?
    8·1 answer
  • Bertrand Inc. performed services for clients in the amount of $1,600 on credit. If this transaction had been posted in error to
    10·1 answer
  • A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori
    15·2 answers
  • Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's s
    5·2 answers
  • ournalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty
    8·1 answer
  • Which of the following statements is correct?a.An advantage of the corporate form for many businesses is the fact the corporate
    10·1 answer
  • Can a naturalized citizen of the United States—that is, someone who was not born in the US, but who successfully has applied for
    12·1 answer
  • The following information is available for Juno Company for the month ending June​ 30, 2019. ​* Balance as per the bank statemen
    11·1 answer
  • A company has recorded the last five days of daily demand on its only product. Those values are 120, 125, 124, 128, and 133. The
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!