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Anna [14]
3 years ago
6

Consider a market​ where: Consumer surplus is 250 Producer surplus is 125. If both consumer surplus and producer surplus are​ ma

ximized, what is the amount of the deadweight​ loss? 0 0. ​(round your answer to the nearest​ penny) ​Next, suppose that consumer surplus falls to 180​, but producer surplus rises to 155. What is the change in​ welfare? -35225 negative 25 ​(round your answer to the nearest penny and add the minus sign if necessary​).
Business
1 answer:
mario62 [17]3 years ago
5 0

Answer:

A. Deadweight loss = 125 units.

B. Deadweight loss = 25 units.

Explanation:

In a free market and completely efficient economy, the consumer surplus equals the producer surplus. Both benefits of free trade. When consumers o producers have a minor surplus, necessarily implies a loss on eficiency, usually caused by government regulations like taxes or price ceilings.

The amount of welfare lost is measure by the difference between consumer and producer surplus.

In the first case:

|Consumer surplus - producer surplus| = 25 units

|250- 125| = 125 units

And in the second case:

|180- 155| = 25 units

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Answer:

A. can choose the quantity of butter that it produces but not the price at which it sells its butter.

Explanation:

Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.

One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.

Hope it helps. Good luck.

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3 years ago
Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In or
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Jamie should first set a Sales Call goal.

Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In order to achieve her account goal, Jamie should first set a <u>Sales call goal</u>.

The purpose of sales call objectives is to set a foundation and create a roadmap to the promised land. In other words, the objective of Sales call is to set an objective and make a plan to obtain the same. As in Jamie's case, her account goal is of $30,000, In order to obtain this account goal she need to first set a Sales call in which she will need to build an initial level of trust with her target audience/ prospect.

While setting the Sales call, few things should be kept in mind as basic rules like building a good relationship with the customers so that they come back to the same salesperson, ask for their feedbacks, this will also help in enabling trust between the two parties etc.

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8 0
1 year ago
After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu
BARSIC [14]

Answer:

B. two strengths and one threat

Explanation:

SWOT is an acronym that stands for strengths, weaknesses, opportunities and threats.

SWOT analysis helps an organization assess it's competitive position and devise strategies accordingly. Such an analysis aids an enterprise in decision making and planning.

In the given case, availability of finance/capital conveys strength and so does availability of skilled installers.

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Double-declining balance On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its
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