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3 years ago

In an unregulated, competitive market consumer surplus exists because:___________.

Business

1 answer:

Paha777 [63]3 years ago

4 0

Answer: some consumers are willing to pay more than the equilibrium price.

Explanation:

Consumer Surplus is simply the difference between the price that is paid by a consumer and the price that the consumer was willing to pay in the first place.

In an unregulated, competitive market consumer surplus exists because some

consumers are willing to pay more than the equilibrium price.

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Purple swift manufactures birdhouses in lots of 1010. each birdhouse takes 4545 minutes to paint. after 1010 birdhouses are pai

Varvara68 [4.7K]

Utilization can be calculated using the formula utilization = average output rate / maximum capacity.

Utilization = number of lots x setup time + processing time x number of units / number of hours per day x working days per year

Utilization = [200 x 1 + (45/60) x 2000] / (8 x 215) = 1700 / 1720

Utilization = 0.9884

The utilization is 0.9884 or 98.84%. capacity cushion can be calculated by subtracting the utilization from 1. The capacity cushion is 0.01163 or 1.17%

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3 years ago

"A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public cus

erica [24]

Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.

Explanation:

A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders

A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader

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3 years ago

Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budg

kodGreya [7K]

Answer:

The following budgets are needed to calculate are as follows:

Direct labor budget

Direct materials budget

Manufacturing overhead budget

Explanation:

The three budgets put together are known as production budget which are as a result of sales budget.

When a company determines its projected sales ,it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.

In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.

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2 years ago

Measuring the impact of a quota or tariff on the u.s. economy is an example of ________. stating that a quota or tariff should b

oksano4ka [1.4K]

Measuring the impact of a quota or tariff on the u.s. economy is an example of positive analysis. Stating that a quota or tariff should be eliminated is an example of normative analysis.
Positive analysis are analysis that are objectives and fact based. 
Normative analysis on the other hand are analysis that are opinions. This means that they cannot be proved or disproved.

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2 years ago

Bourdon Software has 6.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and cu

jekas [21]

Answer:

The current yield on the bonds is 5.99%

Explanation:

Current yield = Annual coupon payment / Price Current yield

= $64 / $1,068

Current yield = 0.0599, or 5.99%

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3 years ago