The above assertion is true.
True: Efficiency losses are reductions of combined consumer and producer surplus associated with both underproduction and overproduction of a product
<h3>Efficiency losses</h3>
Efficiency losses are reductions of combined consumer and producer surplus associated with both underproduction and overproduction of a product.
In conclusion, we can conclude that the correct answer is True
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Answer:
Explanation:
Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.
The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.
The producer surplus
= 
= 
= 
= $25
Because of strong demand this year, the equilibrium price and the quantity of good X are $12 and 7 million pounds, respectively.
The producer surplus
= 
= 
= 
= $42
Answer:
I believe is :to provide information and assistance to people
Answer:
P= 9,877.30
Explanation:
he applicable formula for this annuity calculation is as below. the intention is the get an annuity payable at the end of each year
P = PV x <u> r </u>
1 − (1+r)−n
P is the yearly amount
PV is the present value, $30,000
r is interest rate 12 % or 0.12 %
n is four years
P= 30,000 x <u> 0.12 </u>
1-(1+0.12)-4
P= 30,000 x <u> 0.12 </u>
1 - 0.6355180
P= 30,000 x 0.32923436
P= 9,877.30