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:
c. fewer government regulations
Explanation:
- All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
GDP (gross domestic product) is one of the primary factors used to test the countries economic health. It represents the total dollar value of all goods and services produced over a specific period.
Hope this helps!
Answer:
$6,400
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
Supplies account is an asset account and has normal balance as debit balance. It increases with the purchase and decreases with the use of supplies.
Given:
Supplies (beginning) = $4,400
Purchased (supplies) = $2,400
Supplies (ending) = $400
Let supplies expense be x.
Now,
Supplies (ending) = Supplies (beginning) + Purchased (supplies) - Supplies expense
$400 = $4,400 + $2,400 - x
$400 = $6,800 - x
x = $6,800 - $400
Supplies expense = x = $6,400
Answer:
An upscale "white-tablecloth" restaurant chain acquires a travel agency.
Explanation:
Few reasons:
- Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
- Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
- They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
