The difference other markets; apart from the US market, have is tht they have exotic wishes which need to be fullfilled but more importantly they have other goods, perhaps not created on the US market. This makes other economies a viable way to earn more mone for the US economy.
Answer:
I think its D.
Explanation:
2007 saw over 100 recalls due to really high levels of lead in nursery items, toys, jewelry, and art supplies.
Answer:
Goods and Services is the correct answer.
Explanation:
The seller surplus was $10 from this transaction. The discrepancy between the price paid and a good's marginal value is known as the seller surplus.
Seller surplus plus consumer surplus represents the sum of the economic benefits to each market participant from participating in the production and trade of the good at a price. The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production.
Market price that is higher than the lowest price that producers would normally be willing to pay for their goods results in a seller surplus. Only variable (marginal) costs are deducted from seller surplus.
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The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
