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storchak [24]
3 years ago
13

A supply curve shows quantities supplied at various prices. It also shows the

Business
1 answer:
Annette [7]3 years ago
3 0

Answer: Producer surplus, which is equal to the slope of the supply curve.

Explanation: The producer surplus is represented as the upper portion of the supply curve below the equilibrium price. It is the difference between the amount a producer is willing to sell a given commodity to the actual market price the good was sold at.

The extra benefit which the producer makes as profit when the market price at which the goods was sold at is greater than the amount the producer was willing to sell his goods.

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When an employer takes the time to explain a mistake you have made and provides suggestions for avoiding that same mistake in th
malfutka [58]
To help you not make that mistake again by giving you the help you need
7 0
3 years ago
Read 2 more answers
When a union bargains successfully with employers resulting in increased total compensation, both the quantity of labor supplied
34kurt

ANSWER – FALSE

 

When a union bargains successfully with employers, resulting in increment in total compensation, both the quantity of labor supplied and the quantity of labor demanded doesn’t increase, rather, the quantity of labor supplied increases and the quantity of labor demanded decreases.

8 0
3 years ago
If a manufacturing plant that employs 20% of the local labor force closes, the likely effect on the area’s real estate values
love history [14]

Answer:

Supply and demand

Explanation:

First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.

The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".

Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".

For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.

 

6 0
3 years ago
2. At a consumer optimum, for all goods purchased, marginal utility per dollar spent is equalized. A high school student is deci
Greeley [361]

Answer:

The high school student should analyze the point at which the marginal cost equals the marginal benefit.

In other words, he or she should see if the increased costs of attending Petesburg University are more or less equal to the increased benefit that is gained from graduating from a more prestigious university.

The student should also analyze the possible opportunity cost in the future. Attending amore renowned college can result in better job prospects than doing otherwise. Higher salaries in the future could be given up if he or she chooses the cheaper option.

4 0
3 years ago
Most organizations spend more time and money on the systems ________ phase than on any of the other phases. Group of answer choi
mariarad [96]

Answer:

maintenance phase

Explanation:

Maintenance phase -

It refers to the phase of making the changes in the software , hardware and documentation to improve the operations effectively , is referred to as the maintenance phase .

The phase is important , as it enhances the efficiency and corrects the problem .

The company or the organisation tries to invest the maximum amount in the maintenance phase .

Hence , from the given statement of the question,

The correct option is maintenance phase .

6 0
3 years ago
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