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Eva8 [605]
3 years ago
8

Quizlet: Under autarky, consumer surplus is represented by the area

Business
1 answer:
solong [7]3 years ago
5 0

Answer:

The correct answer is option c.

Explanation:

Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.  

In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.

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Answer:

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ompany X and company Z are planning to merge their business into one and are seeking regulatory approval. What is the most likel
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How do you determine a percentage of someone's annual wages for savings/tax purposes?​
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Because the taxi is clearly don't to be understood in anything and anytime.........

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3 years ago
Starfish Enterprises management has obtained data on the material costs for a selected job which used 300 feet of materials, whi
user100 [1]

Answer:

Starfish Enterprises

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Explanation:

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What's the difference between buying a car with a loan and leasing a car
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Answer:

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