These firms do not have perfect market information to know all the price charges by different sellers,the quality the market demand and supply is etc.
Answer:
Explanation:
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Answer:
So His producer surplus is $64
Explanation:
Given:
- first hour for $10
- the second hour for $18,
- the third hour for $28
- the fourth hour for $40
As we know that, manufacturers or producer surplus is the difference between the market price and the price that he is willing to teach, so we have:
(40 - 10) + (40 - 18) + (40-28) + (40-40)
<=> 30 + 22 + 12 + 0 = 64
So His producer surplus is $64
Answer:
A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in order to best serve clients?keep the house clean and private
Explanation:
Psychology is a branch of medicine that deals with mental health services and counselling to help assess and improve a patient's mental health state. In the recent past, mental health has become a major concern since it is very important in our social and personal life. Mental health affects how we feel, think and react to various situations in the environment. More people are taking mental health very serious as more people seek the treatments and services of psychologists. A psychologist is one who studies the mental health of people and offers treatment and counsel on how the patient can improve mentally.
Psychologists often require there patients to express their deepest mental and emotional states. This is leaves the patient vulnerable in most cases. To protect patients in such cases against vulnerability, the psychologists are often required to abide by a code of ethics such that the patient information is kept safe and secure. For a self-employed psychologist who treats his patients in an office in his own house, code of practice states that the house has to be clean and private.
The tea act is an indirect tax
Tea act put an amount of tax for every goods and products that being sold by the American colonist, which displayed every characteristic of an indirect tax.
If the tax is categorized as a direct tax, the tax is based on percentage of profit, not the product itself.
