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aev [14]
3 years ago
14

Total surplus is represented by the area a. between the demand and supply curves up to the point of equilibrium. b. under the de

mand curve and above the price. c. above the supply curve and up to the price. d. under the supply curve and up to the price.
Business
2 answers:
vesna_86 [32]3 years ago
8 0

Answer:

The correct answer is option A) Total surplus is represented by the area between the demand and supply curves up to the point of equilibrium.

Explanation:

Total surplus consists of consumer ans producer surplus.

whereas consumer surplus is the area above the market price and below the demand curve, while producer surplus is the area below the market price but above the supply curve.

Total surplus is the total area for the consumer surplus plus the total area for the producer surplus represented by the area between the demand and supply curves up to the point of equilibrium.

Inessa05 [86]3 years ago
8 0

Answer:

A) Between the demand and supply curves up to the point of equilibrium.

Explanation:

Total surplus is a weigh on the total wellbeing of the participants in a market. It is mathematically the sum of consumer surplus and producer surplus. Producer surplus is the difference of the amount a person is willing to accept for a given quantity of goods and the amount they tend to receive for the same quantity of goods when sold at market price. Illustrated graphically, the area in the supply curve is below market price but above the supply curve. A consumer surplus happens when the price of a product or service paid for by a consumer is less than the price which he was willing to pay. The area in the demand curve is above the market price but below the demand curve. In total surplus, it will be in equilibrium, hence balanced demand to balanced supply I'm respect to price.

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________ is a strategy in which the salesperson provides customers with the opportunity to purchase related products or services
Ainat [17]

Answer:

Up selling

Explanation:

Up selling is a sales strategy. It is an attempt at making more sales using persuasion. It is different from cross-selling in that the customer is not asked to purchase a new item but only purchase a more expensive product or even simply an add-on to the already bought product he/she has.

While it is allowed in terms of ethical consideration to persuade the customer to purchase through up selling, it however becomes unethical when the sales person starts to push the sale. What is meant by pushing the sales refer to the use of half truth or falsehood to literally trick the customer into getting the product. This is an ethical issue and be tried in a capable court of law

7 0
4 years ago
Read 2 more answers
A ________ orientation refers to the process of determining the wants and needs of buyers and then providing goods and services
gogolik [260]

A <u>customer </u>orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.

Customer orientation is a commercial enterprise approach that places the wishes of the client over the desires of the commercial enterprise.

Customer-oriented groups keep in mind that the enterprise won't thrive until it constantly improves customer recognition. it's a way of questioning that aligns your commercial enterprise dreams along with your client's goals.

The purchaser marketplace consists of all of the individuals or households that need goods and services for private consumption or use and features the assets to shop for them.

Learn more about Customer orientation here: brainly.com/question/24553900

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3 0
2 years ago
Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
Veronika [31]

Answer:

Time utility

Explanation:

Organizations try to understand the demands of the consumers before before important decisions. From the questions, it is clear that the department stores over time have understood when customers prefers not to stock spring colored items because during the spring and fall, brown and green items are mostly sort after. Thus time utility which entails making available certain products to consumers depending on their needs, weather condition, or seasons is the most likely answer to this question.

3 0
3 years ago
Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living
Karolina [17]

Answer:

I think the answer is Santa Fe

Explanation:

7 0
3 years ago
Suppose that you want to recreate shulte's study in the great wicomico river and make nine reef complexes as shown above. you wo
anyanavicka [17]

Answer:

The best sampling protocol to be used here include <em><u>Random Sampling approach</u></em> to select sites on different reef types from several of the reef complexes.

Explanation:

Random sampling is a part of the sampling technique in which each sample has an equal probability of being chosen.

Simple random sampling is most appropriate when the entire population from which the sample is taken is homogeneous. The sample here is Oyster Density.

Another justification for the use of Random sampling is the size of the population. We are talking about nine reef complexes here. The advantages of a simple random sample include its ease of use and its accurate representation of the larger population.

Cheers!

5 0
3 years ago
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