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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.

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The difference between variable costs and fixed costs is (CMA adapted) A. Unit variable costs fluctuate and unit fixed costs rem
Hatshy [7]

Answer:

<em>(A) Unit variable costs fluctuate and unit fixed costs remain constant.</em>

Explanation:

The <em>fixed costs</em> are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.

<em>Variable costs</em> are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.

Hence, thereby the per <em>unit variable costs fluctuate and unit fixed costs remain constant.</em>

 

7 0
3 years ago
In a production operation of an electronics firm, a company manufactures I/O circuit chips that is used in a final assembly proc
Feliz [49]

Answer:

defective

Explanation:

In an electronic firm it is necessary to keep check for every circuit as they turn out to be defective. There can be minor error is circuit formation but this will be considered as defective because circuits are very sensitive and even minor error can lead to short circuits which could lead to a disaster. It is necessary for a firm to keep track and quality of every circuit should be checked.

3 0
3 years ago
g A foreign factory has offered to supply with ready-made baskets for a price of $12 per basket. Assume that fixed costs are una
cluponka [151]

Answer:

The answer is "$5500".

Explanation:

Analysis Differential:  

                                             Make                            Buy

Cost of variable                        800\times 7 \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ = 5600  

Fixed- cost                             16000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 16000

Purchasing cost                                                    800\times 12\ = 9600

Cost of opportunity            \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ 9500  

Total relevant cost                    31100 \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \  25600

Increasing operating income = 31100-25600 = 5500

4 0
3 years ago
range the types of investments in the correct order from the least risky to the most risky investment. Tiles speculative stocks
frosja888 [35]
High risk, high returns. The higher the risk of an investment, the higher the returns or losses.

Speculative stocks investment is a high risk investment. It offers the possibility of earning substantial returns to compensate for its high risk profile.

Retirement plans are investments made in preparation for retirement. These investments have minimal risks compared to speculative stocks.

Property investments are low in risk but it is still subject to risk. 

A-rated bonds are bonds that are credible and are expected to give a return to investors. 

Based on my understanding, the correct order of investment from the least risky to the most risky is:

1) property
2) A-rated bonds
3) retirement plans
4) Speculative stocks.

8 0
3 years ago
"the ___________ is the highest-ranking is manager, responsible for all ______ planning in the organization"
stira [4]
1.) CIO
2.) STRATEGIC 
3 0
3 years ago
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