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goblinko [34]
3 years ago
8

Assume that the supply curve for corn is upward-sloping. in the market for corn, a primary input in the production of ethanol, t

otal surplus _____ when the price of ethanol increases.
Business
1 answer:
Mashutka [201]3 years ago
5 0
............... total surplus INCREASES when the price of ethanol increases. When the supply curve for a product is upward sloping, it indicates that more of that product is been produced. Thus, in the question given more of corn is been produced, if the price of ethanol increases, then total surplus will also increase. Total surplus is the summation of the consumer and producer surplus. 
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Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
VARVARA [1.3K]

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

answer:

THE SEC

8 0
2 years ago
Division A makes a part with the following characteristics: Production capacity in units 34,000 units Selling price to outside c
azamat

Answer:

Division A

If Division A agrees to sell the parts to Division B at $18 per unit, the company as a whole will be:

worse off by $30,000 each period.

Explanation:

a) Data and Calculations:

Production capacity of Division A = 34,000

Selling price per unit to outside customers = $21

Variable cost per unit = $13

Total fixed costs = $105,800

Order from Division B = 10,000

Price that Division B purchases from outside supplier = $18

Selling to Division B instead of selling to outside customers will result in a loss of $3 ($21 - $18) per unit

The total loss = $30,000 ($3 * 10,000)

7 0
3 years ago
Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

4 0
3 years ago
Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab
Lana71 [14]

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

4 0
3 years ago
You are about to leave your shift as a security guard in a retail store, when you notice someone outside tapping on the store wi
Ahat [919]
Since the store is already close-- there's no point of having the employee to come in because as a security guard, it is best to protect the store and having to protect it in a way that a person shouldn't be let in when it is already closed even if the person looks like someone who is working in the store. If the employee has some excuses as to why he or she wants to come in, it best to respond in a way that he or she should come back when the store opens or during his or her shift.
3 0
3 years ago
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