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
Vaselesa [24]
3 years ago
12

Consumer surplus is: the difference between the price of a product and consumers' valuation of the last unit of the product purc

hased. the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers.
Business
1 answer:
Ipatiy [6.2K]3 years ago
8 0

Answer:

the difference between the price of a product and what consumers were willing to pay for the product.

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

For example, the highest amount I am willing to pay for a book is $20. The price of the book is $10. My consumer surplus is $20 - $10 = $10

Producer surplus is the difference between the least amount the seller is willing to sell his product and the price of the product.

I hope my answer helps you

You might be interested in
Which project type creates a competitive advantage that enables the organization to earn a greater than normal return on investm
aleksandr82 [10.1K]

Answer:

a breakthrough project

Explanation:

Having competitive advantage <em>implies</em> being in a  condition or circumstance that puts an organisation in a favorable business position.

Therefore, a Breakthrough Project would create a competitive advantage that enables the organization to earn a greater than normal return on investment than its competitors, because it is like a<em> disruptive innovation.</em>

4 0
3 years ago
What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?
Lostsunrise [7]

The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

<h3 /><h3>How does expansionary monetary policy affect trade?</h3>
  • Increases in the stock market are a result of expansionary economic policy since it boosts economic activity. Fiscal and monetary channels can be used by policymakers to carry out an expansionary strategy. It is typically used when inflationary pressures are low and the economy is headed towards a recession.
  • When a central bank employs an expansionary monetary policy, it helps to boost the economy. This boosts the availability of money, brings down interest rates, and raises demand. It promotes economic expansion. It reduces the currency's worth, which decreases the exchange rate.
  • The following are the general effects of monetary policy on economic activity, as measured by changes in (real) interest rates. Financial institutions can obtain funds at cheap interest rates when interest rates fall. They are able to lower their lending rates for loans to businesses and households as a result.
  • Expansive monetary policy can be quite successful in the early stages of a financial and economic collapse, reducing uncertainty spikes and tail risks and preventing negative feedback loops (e.g. Mishkin 2009).

What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?

The lower value of the dollar will decrease imports and increase exports. Appreciation of the value of the dollar and the decrease of U.S. net exports.

To learn more about lineage, refer to:

brainly.com/question/18939014

#SPJ4

7 0
1 year ago
A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out
sergij07 [2.7K]

Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

3 0
2 years ago
For the coming year, River Company estimates fixed costs at $109,000, the unit variable cost at $21, and the unit selling price
zzz [600]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $109,000

Unit variable cost= $21

Selling price= $85.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 109,000/ (85 - 21)

Break-even point in units= 1,703 units

Now, we need to include the desired profit:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (109,000 + 150,000) / 64

Break-even point in units= 4047 units

Sales= 500,000

Variable cost= 5,882*21= (123,522)

Contribution margin= 376,478

Fixed costs= (109,000)

Net operating income= $267,478

8 0
3 years ago
What is the steps to make a pencil
Art [367]

Step One: The wood is softened and cut into slats called "pencil stock" or "pencil squares."

Step Two: A wax and stain are applied and the slats are passed under a cutting wheel.

Step Three: The grooves in the slat are filled with a special elastic glue for the lead.

6 0
3 years ago
Other questions:
  • Max Company uses 20,000 units of Part A in producing its products. A supplier offers to make Part A for $7. Max Company has rele
    6·1 answer
  • Question 5 of 10<br> Relationship building at work can...
    7·1 answer
  • What is the net pay?​
    10·1 answer
  • Bob DeSlob, CEO of Westlake Inc., had supported the development and distribution of the Super Widget, a product that is expensiv
    6·1 answer
  • Define lifestyle goals
    6·1 answer
  • ABC Retail stocks and sells its own brand of personal computers. It costs the firm $600 each time it places an order with a manu
    9·1 answer
  • Real estate Salesperson fiduciary duties are
    7·1 answer
  • "Explorer, Inc. is considering a new 4-year project that requires an initial fixed asset (equipment) investment of $200,000. The
    13·1 answer
  • Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column tab
    14·2 answers
  • On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!