Answer:<em> Option (D) is correct </em>
Explanation:
To weaken the conclusion, the answer will emphasize on why Baurisia will not soon become an importer of grain.
Here, in this case if importing meat is cheaper than importing grain, then Baurisia is likely to satisfy the demand for meat by becoming an importer of meat, weakening the conclusion that Baurisia will soon become an importer of grain.
<em>Therefore , It is more economical for Baurisians to import meat than grain, if true, most seriously weakens the argument.</em>
Answer:
Yes
Explanation:
In this question, we have to compare the total income based on credit extended The computation is shown below:
If credit is not extended, then the total income would be
= Service revenue + income from operations
= $48,000 + $19,000
= $67,000
If credit is extended, then the total income would be
= Service revenue + income from operations - additional expenses for wages and bad debts
= $87,000 + $19,000 - $34,000
= $72,000
Yes the company extend credit as the total income is increased by $5,000
Answer: The correct answer is choice d.
Explanation: The main source of profits for financial institutions is the interest that it receives on money that it loans out. More specifically, the difference between interest paid on deposits and interest received on loans. The other choices do represent revenue streams for financial institutions, but they are not the primary ones.
Answer:
In a monopolized market, producer surplus is higher than in a competitive market, while consumer surplus is lower.
Explanation:
A monopolized market is a market in which there is only one producer or seller of a product. The monopolist has market power. A competitive market is a market with many buyers and sellers who cannot individually influence price. In a competitive market, the players are price takers. Consumer surplus measures the difference between what the consumer was willing to pay for a particular commodity and how much he actually pays. Producer surplus refers to the excess of price received by producer over the unit cost of production. Total surplus is the addition of consumer surplus and producer surplus.
In a monopolized market, total surplus is lower than in a competitive market because monopolistic market is characterised with lower quantity and higher prices when compared with competitive market. However, producer surplus is higher in a monopoly market than in a competitive market. This is because in monopoly market the seller makes economic profit by setting prices above his unit cost; this is not possible in competitive market since prices are set at the point where average revenue (price) equals average cost. There is dead weight loss in the outcome of a monopolistic market. This implies a lower total surplus when compared to competitive markets. Consumer surplus is lower in monopolized market because consumers pay higher prices for lower quantities than in competitive markets.
