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Vikki [24]
3 years ago
6

Suppose that the equilibrium price in the market for widgets is $5. If a law increased the minimum legal price for widgets to $6

, producer surplus ______.
a. would necessarily increase even if the higher price resulted in a surplus of widgets
b. would necessarily decrease because the higher price would create a surplus of widgets
c. might increase or decrease
d. would be unaffected
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

c. might increase or decrease

Explanation:

Equilibrium price is the price at which quantity demanded equals quantity supplied in a competitive market.  

Producer surplus is the excess of revenue realized from the sales of the equilibrium quantity at a price higher than the equilibrium price.  

The producer surplus may increase or decrease. It may increase if the quantity demanded, do not decrease. It may decrease if the quantity demanded, decreases.

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Nation A builds a new highway next to citizens’ properties. In the months following, littering as well as several highway accide
nikitadnepr [17]

Answer:

the government's sovereign immunity

Explanation:

In the US, the federal and state governments have sovereign immunity which means that they cannot be sued unless they agree to it. In the US, the federal government waived their immunity protection from a series of possible torts through the Federal Tort Claims Act. But that law does not include litter or accidents occurring in highways.

Sovereign immunity basically states that the federal government cannot be sued for its actions unless those actions are included in the Federal Tort Claims Act. To be able to sue a state government other rules apply, specially regarding the circumstances around the reason for the claim.

7 0
3 years ago
Along the per-worker production function, what happens to real gdp per hour worked as capital per hour worked increases?
vodka [1.7K]

The answer is real GDP.

Real GDP per hour worked increases at a decreasing rate. A measure of a country's gross domestic product that has been adjusted for inflation is called Real GDP.

What is GDP?

  • GDP provides an  economic snapshot of a country, used to estimate the size of an economy  and growth rate.
  • The monetary value of all finished goods and services made within a country during a specific time is known as GDP.
  • GDP can be calculated in three methods using production, expenditures, or incomes. It can be adjusted for inflation and population to provider deeper insights.
  • Real GDP takes account the effects of inflation while nominal GDP does not. GDP is a prominent tool to guide policymakers, investors and business in strategic decision making.

To learn more about GDP

Visit: brainly.com/question/4131508?

#SPJ4

4 0
2 years ago
Employers can try to overcome the moral-hazard problem involving their employees by:
BartSMP [9]

Answer:

Option D             

Explanation:

In simple words, moral hazard refers to the situation when an individual do not act with full responsibility due to the fact that any loss from their behavior will be borne by some third party.

Thus, by assessing the employees before employment by a test will help to decide the employer if the individual is worthy of the job or not. Thus, efficient employees will be selected and less mistakes will occur.    

5 0
4 years ago
As a store manager, Liandra has to play the role of negotiator, such as purchasing products at a fair price for her company. As
swat32

Answer:

As a store manager, Liandra has to play the role of negotiator, such as purchasing products at a fair price for her company. As she handles this responsibility, Liandra is playing the decisional role.

Explanation:

A manager is someone who supervises, controls and administers an organization or company. There are different types of managers in an organization. An example is a store manager whose major role is to maintain the overall image of the store. There are different roles that a manager can play in an organization, namely; decisional, disseminator, and leadership. These roles are further explained below;

1. Decisional role

As the name suggests, this is a role where the manager has to make a choice on multiple alternatives. As she handles the responsibility of purchasing products at a fair price, she makes decisions on which products are of quality and which ones have a good price on behalf of her company.

2. Disseminator

A disseminator is a manager in the field of communication charged with the responsibility of passing information about an organization to the employees.

3. Leadership

Leadership can be defined as the role of taking charge in directing people and resources in a certain direction. The role of leadership can be taken by different people as various levels of management.

8 0
3 years ago
Which of the following correctly describes the relationship between supply and demand
meriva
I think it's B) supply increase and demand decreases
6 0
3 years ago
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