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
Bad White [126]
3 years ago
7

Compare a market operating at a quantity lower than equilibrium with the same market operating at the equilibrium quantity. Whic

h of the following statements are true?
a.) the economic surplus is greater at the equilibriumquantity
b) teh producer surplus is greater at the equilibrium quantity
c.) its unclear if the consumer surplus is greater or less at the equilibrium quantity
Business
1 answer:
topjm [15]3 years ago
6 0

Answer:

a.) the economic surplus is greater at the equilibrium quantity.

Explanation:

This is correct because at lower production levels a dead weight is created of the potential surplus that is not obtained either for producer nor consumers. At equilibrium, the maximum surplus is achieved and is allocated among producers and consumers

You might be interested in
Petnro, a bike manufacturing firm based in the U.S., operates bike manufacturing plants in China, Japan, Taiwan, and Singapore u
Hunter-Best [27]

Answer:

The methods for conducting global business which petnro has used in the given scenario is :

C) The formation of wholly owned affiliates

Explanation:

In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.

So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.

Therefore,the methods for conducting global business which petnro has used in the given scenario is :

C) The formation of wholly owned affiliates

Role of global marketing in international business:

A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.

Another benefit is that the customer awareness increases.

Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.

For example: Gucci delivers all its products globally in different countries.

As for example the company here mentioned is also developing its global strategy.

7 0
3 years ago
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him
levacccp [35]

Answer:

c)opportunity cost

Explanation:

As Bobby is missing the job, it has to add up to the ticket cost the amount of labor wages lost during the concert and going bach and forth from his workplace.

That's because if Bobby didn't attend the concert it may have worked therefore, it will end with more han 60 dollars in his pocket.

The difinition for opportunity cost is the best alternative rejected. In this case is the wages against going to the musical

6 0
3 years ago
Two reasons why it is important for a chocolate manufacturing company(or any company) to develop new products?
SpyIntel [72]
Two offer more product
3 0
3 years ago
Read 2 more answers
How do i give brainliest if you answer correctly will give u brainliest
cricket20 [7]

Answer:

life

Explanation:

6 0
3 years ago
Read 2 more answers
1. What might most reasonably account for the differences in labor relations at the NFL and the NBA versus the MLS? Explain in d
Nookie1986 [14]

2. Athletes Sacrifice a Lot

Professional athletes sacrifice important aspects of their lives, especially their health and family. For instance, during each season of any professional sport, there are away games that keep players from their families. More significant, though, is that players put their bodies in danger daily. Physical injury can leave professional athletes handicapped or disabled for the rest of their lives; NFL players who experience multiple concussions can suffer from progressive degenerative disease that causes dementia and depression.

Additionally, while most teenagers or college-age students spend their free time studying, working or hanging out, student athletes aiming to qualify for the pros spend all of their free time training. Thus, professional athletes’ salaries are a fair compensation for the countless time and energy they put into training and the huge health risks they take, especially considering that their careers typically end around the age of 35.

Franchise Players Sell More Tickets

Professional sports is a money-earning business. Sports teams know that to stay profitable they need to win, which is why they sign the best players available. Quality superstars, or “franchise players,” are the face of the team, the on-court leaders. They make their teammates better, thereby improving the whole team (think Tom Brady, Kevin Durant, etc.). This leads to more wins and, in turn, more viewers, more merchandise sold and increased brand worth. Usually, a team has one franchise player, who makes a huge salary, arguably more than his projected value, since he drives the team’s business profitability forward.

The amount of money that team owners are willing to pay franchise players often comes at the expense of the other players. However, with fans willing to pay more than 100% premiums on tickets to see individual players, like LeBron James, franchise players have extra responsibility to live up to their star power. They also have the celebrity effect, which draws more paying fans in. Therefore, they deserve to earn more.

Athletes Don’t Get Paid As Much As We Think

While the highest paid athletes draw more attention, the truth is that most athletes are fairly paid. Plus, we tend to forget that published professional athletes’ salaries are gross salaries. While these may seem huge, so are the deductions from them. Aside from federal, state and city taxes and pension, which everyone pays, players also need to pay agent fees, a $10,000 union due, and a Jock Tax for each of their away games, among others. Sure, their net salaries may be higher than ours, but they are still lower than we tend to think and much lower than what is published. For instance, Stephen Curry’s and LeBron James’s net salaries are “only” $15.2 and $16.7 million, respectively, which is much lower than the $34.6 and $32.8 million per year we all think they make.

Why they shouldn't be paid as much:

It Threatens the Future of Sports

In 2016, the average annual income for a US household was $57,617 while the average income of a professional athlete in the major leagues was between $2.1-$6.5 million. The rising gap between the average American’s income and a professional athlete’s income might pose a serious threat to sports. With ticket prices gradually rising, not to mention merchandise price tags, sports fans might feel resentful toward funding overpaid athletes. If so, they’ll stop paying to watch or support professional sports teams, leaving the industry in the lurch.

It Diminishes the True Meaning of Sports

The large amounts of money invested in professional sports in recent years has the potential to drain the true meaning from sports. Given athletes’ large salaries, more youngsters want to become professional athletes – but for the big money, not for the love of the game. This change in purpose has a negative impact on athletes’ ambition to play. Take Albert Haynesworth of the Washington Redskins. Once he signed a $100 million contract with a $44 million guarantee, he had his worst season ever; it seemed like he simply lost interest in the game. Professional athletes competing for money rather than for excellence will take the soul and magic out of sports, ruining it in the long run – for athletes and for fans.

3. Article 1, Section 6, of the Florida Constitution sets forth everyone's right to work in our state. This means that an employer cannot refuse to hire, or terminate you, just because you do not want to pay and participate in a union. ... You have a right to work which is unaffected by union membership.

I personally have nothing against this because I think it is something that benefits more than anything! Also, recent Gallup polling finds Americans support right-to-work laws by a 71 percent to 22 percent margin—better than 3 to 1. Independents support right-to-work laws 77 percent to 17 percent, Republicans support them 74 percent to 18 percent, and Democrats support them 65 percent to 30 percent.

5 0
3 years ago
Other questions:
  • Chang Industries has 2,500 defective units of product that have already cost $14.50 each to produce. A salvage company will purc
    8·1 answer
  • Samuel Jenkins made two investments; the first was 13 months ago and the second was two months ago. He just sold both investment
    15·1 answer
  • Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de
    9·1 answer
  • A pest control company sprays insecticide around the perimeter of a 180 ft by 180 ft building. if the spray costs $0.11 per foot
    14·1 answer
  • LO 5.5In a process costing system, which account shows the overhead assigned to the department?
    11·1 answer
  • The management of Mitchell Labs decided to go private in 2002 by buying all 3.50 million of its outstanding shares at $22.50 per
    6·1 answer
  • Aleisha wants to buy a condominium. She has the choice of buying it now or renting it with the option to buy at the end of 4 yea
    9·2 answers
  • Place the three components of aggregate demand in order of relative size, starting with the one representing the largest compone
    6·1 answer
  • What's wrong with this slide?
    10·1 answer
  • To create a balanced budget, one must make sure to.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!