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
Doss [256]
3 years ago
12

Consumer surplus arises in a market because rev: 05_10_2018 Multiple Choice at the current market price, quantity supplied is gr

eater than quantity demanded. at the current market price, quantity demanded is greater than quantity supplied. the market price is below what some consumers are willing to pay for the product. the market price is higher than what some consumers are willing to pay for the product.
Business
1 answer:
Novay_Z [31]3 years ago
3 0

Answer:

The market price is below what some consumers are willing to pay for the product.

Explanation:

Consumer surplus refers to the benefit that a consumer can get by purchasing the product. It is the difference between the consumer's willingness to pay for the product and the price actually paid by the consumer for the product.

Consumer surplus = Consumer's willingness to pay - Market price

Whenever consumer's willingness to pay is higher than the market price, then consumer surplus is out to be positive.

You might be interested in
When a nation's currency appreciates, its products become _________ to other countries, which ultimately _________ that nation's
shutvik [7]

Answer:

Explanation:more expensive/increases/less expensive/decreases

6 0
3 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
Naddik [55]

Answer:

$11.165 unfavorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,  

Actual direct labor hours is 2,975

And, the standard direct labor hours equal to

= 250 units × 9

= 2,250

Now put these values to the above formula  

So, the value would equal to

= (2,975 - 2,250) × $15.40

= $11.165 unfavorable

6 0
3 years ago
Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as​ $960,000, Barin's accoun
Dennis_Churaev [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
Which is a tax in which the percentage paid increases as income increases?
AleksAgata [21]
Progressive tax. Literally just reviewed this lesson in my econ class lol. 
8 0
3 years ago
Read 2 more answers
The primary goal of the consumer financial protection bureau is everfi answer
monitta
Their primary goal is <span>To protect consumers by regulating financial products and services.
Without their regulations, many corporations that operate in financial services tend to do several things that would hurt the consumers such as doing inside tradings or not fully disclose their financial situation by opening a fake corporations offshore.</span>
7 0
3 years ago
Other questions:
  • The growth of the drug industry in canada represents which shift in organized crime? why is this important
    13·1 answer
  • In 2009 President Obama and Congress increased government spending. Some economists thought this increase would have little effe
    7·1 answer
  • Active Feet, a small manufacturer of shoes, hired an additional vice-president and purchased a barrel of synthetic rubber used t
    12·1 answer
  • Proprietorships are by far the most common type of business, yet they account for a very small percentage of all sales compared
    7·1 answer
  • What percentage tariff increase has NERSA granted eskom for the financial period of 2016/2017
    13·1 answer
  • Which one of the following statements is correct? Multiple Choice Stocks can only be assigned one dividend growth rate. Preferre
    13·1 answer
  • Wilson's is reviewing a project with an internal rate of return of 13.09 percent and a beta of 1.42. The market risk premium is
    8·1 answer
  • Carla Vista Co. bought a machine on January 1, 2017. The machine cost $180000 and had an expected salvage value of $27000. The l
    14·1 answer
  • According to the authors, the nature of negotiation as it applies to project management is the realization that few of the confl
    14·1 answer
  • What are the keys to active learning ?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!