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Dovator [93]
3 years ago
15

Producer surplus is equal to

Business
1 answer:
Alina [70]3 years ago
4 0

Answer:

The correct answer is option b.

Explanation:

Producer surplus refers to the difference between the price a producer would be willing to receive for his product and the price he actually gets.  

The difference between total revenue and the total cost is the producer surplus. We can also say that it is the difference between the price per unit and marginal cost. It is the area between the supply curve and the equilibrium price.

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The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that
RoseWind [281]

Answer:

In the range of diseconomies of scale

Explanation:

Economies of scale refers to a concept whereby a firm accrues cost advantage owing to it's increased scale of production.

Economies of scale points towards efficient production.

Conversely, Diseconomies of scale refers to the phase wherein a firm experiences cost disadvantages owing to increase in organizational operations and output level.

Reasons for operation of this phase being, lack of motivation and proper coordination between employees since there are too many employees and management gets difficult.

In the given case, as the corporation decreased it's inputs, the output fell less proportionately which means the firm was earlier operating in the phase of diseconomies of scale.

6 0
3 years ago
Which financial statement would best display a company's plant, property, and equipmnt used everyday
yuradex [85]

Answer:

Balance sheet

Explanation:

Balance sheet is referred to as the statement of assets and liabilities. Property plant and equipment are shown in balance sheet with a schedule of addition, deletion and depreciation is attached to it. Hence, the financial statement that would best display a company's plant, property and equipment used everyday is the Balance sheet.

4 0
3 years ago
Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potenti
777dan777 [17]

Answer:

Option A-First mover advantage

Explanation:

The first mover advantage is the advantage to the firm who first steps in to take the risks to ensure future benefits in the long term perspective. The particular example includes of TaTa company in India which has more than 90% of the market and was the first company in India that tried to meet requirements of every class of person, small and medium organization to large corporations. This increased production helped the company to gain economies of scale and the country import policies also though do helped the company.

Furthermore, here the advertising firm is not investing but is a means of investment for many investors which means it has no investment in the country and hence there are no forward integration and lateral diversification.

It can also be noted that the company was not transferring its technology in the state option E is also incorrect.

The unrelated differentiation comes when the firm offer its customers a uniqueness of product services which in this case can not be seen prominent. The company advertises similar to other advertises like the other firms and is not pursuing unrelated differentiation so the option C is also incorrect.

3 0
3 years ago
The omission of the adjusting entry to record depreciation expense will result in an
Gemiola [76]

Answer:

B.overstatement of assets and an overstatement of owners' equity.

Explanation:

To recognize depreciation expense,the entries required are

Debit depreciation expense

Credit Accumulated depreciation

The accumulated depreciation is a credit balance in the fixed asset account. Depreciation is also an expense that reduces net income and thus reduces the owners equity.

Hence an mission of the adjusting entry to record depreciation expense will result in an overstatement of assets and an overstatement of owners' equity.

6 0
3 years ago
Roberto Company uses a perpetual inventory system. On December 1, the company purchased $3,300 of merchandise for cash. Complete
Montano1993 [528]

Answer:

December 1, 202x, merchandise purchased for cash

Dr Merchandise inventory 3,300

    Cr Cash 3,300

Explanation:

When a company uses a perpetual inventory system, any purchases or sales are recorded directly using the appropriate inventory account. When a company uses a periodic inventory system, you should use a purchase account instead.

8 0
2 years ago
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