1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sati [7]
3 years ago
10

Producer surplus is A. the market price multiplied by the number of units sold by a firm. B. the difference between the highest

price a consumer is willing to pay and the lowest price a firm would be willing to accept. C. the difference between the lowest price a firm would be willing to accept and marginal cost. D. the difference between the lowest price a firm would be willing to accept and the price it actually receives. E. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. How does producer surplus change as the equilibrium price of a good rises or​ falls? As the price of a good​ rises, producer surplus ▼ decreases remains unchanged increases ​, and as the price of a good​ falls, producer surplus ▼ remains unchanged increases decreases .
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

Producer surplus is

  • D. the difference between the lowest price a firm would be willing to accept and the price it actually receives.

How does producer surplus change as the equilibrium price of a good rises or​ falls?

  • As the price of a good​ rises, producer surplus <u>increases</u>​, and as the price of a good​ falls, producer surplus <u>decreases</u>.

Explanation:

Producer surplus refers to the difference between what a supplier or producer is willing and able to accept for their goods or services, and the actual price of those goods and services. If the supplier is willing to accept $2 per unit, but is able to sell them at $3 per unit, the supplier or producer surplus = $3 - $2 = $1

You might be interested in
In the context of opportunity identification and selection, DuPont's discovery of Surlyn, a material with hundreds of potential
oksian1 [2.3K]

Answer: The correct answer is "B. A new resource".

Explanation: The discovery of Surlyn de DuPont, being a new material with multiple potential uses, which could be applied to the manufacture of many products would clearly fall under the category "a new resource".

5 0
3 years ago
Read 2 more answers
What must a landlord or homeowner post that informs workers that the homeowner is not responsible for the work being performed?
Phantasy [73]

Answer:

A notice of cessation

Explanation:

A notice of cessation is a written notice that is issued by the contractee or the owner of a project (or his or her agent) to inform concerned parties that no work has been performed at the project site for a certain period. This notice also sets the time frame within which the affected parties may carry out their lien rights against one another

5 0
3 years ago
Land used for raising crops or livestock is generally called a
lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

8 0
3 years ago
Read 2 more answers
Harvey quit his job at State University, where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrep
son4ous [18]

Answer:

The options are wrong,find below correct multiple choices:

$605,000

$825,000

$655,000

$150,000

The correct option is $605,000

Explanation:

Explicit costs are costs  incurred  that require actual cash settlement not costs of alternative forgone as in the case of implicit costs.

There is only example of explicit cost for Harvey Business in the first year of operation,which is the cost of production,packaging,marketing,employee wages and benefits and rent on a building.

In other words,the explicit costs incurred in year one =$55*11,000 units

                                                                                          =$605,000

The correct option  is the of those ones provided above.

3 0
3 years ago
Define return( rate of return).​
elena-14-01-66 [18.8K]

Answer:

its returning the rate that was given out

i guess i jus gave it a try

6 0
3 years ago
Other questions:
  • You have been pricing an MP3 player in several stores. Three stores have the identical price of $300. Each store charges 24 perc
    13·1 answer
  • Question 2--/1 View Policies Current Attempt in Progress This information relates to Cullumber Co.. 1. On April 5, purchased mer
    6·1 answer
  • Ventaz corp manufactures small windows for back yard sheds.​ historically, its demand has ranged from 30 to 50 windows per day w
    14·1 answer
  • ASAP! Giving brainliest for CORRECT awnser.
    15·2 answers
  • On December 31, the company provides consulting services and bills its customer $3,000 for these services.
    15·1 answer
  • What is an example for empathy and being able to recover quickly from emotional experience?
    9·1 answer
  • Durable goods $3,000
    9·1 answer
  • Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.
    11·1 answer
  • Impact of legislation on employees​
    5·1 answer
  • red line railroad inc. has three regional divisions organized as profit centers. the chief executive officer (ceo) evaluates div
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!