The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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Answer:No, because even though the company will be able to save on payroll the costs of travel will be increased
Explanation:
Centralizing the support functions of a business such as Human Resources, fiscal and purchasing units can reduce costs, create consistency and reduce duplication of duties.
However, in this case where the business needs to deploy staff of these units to each plant occasionally, the travel expenses and negative effect on the staff will outweigh the money saved.
<span>A bank is legally required to hold a fraction of its deposits as required reserves. These regulations are a requirement and set by most banks around the world. They set minimum amounts that must be held all the type to serve as a reserve in case of an </span>emergency.
The first step in the human resources planning process is to <u>forecast future human resource needs. </u>
Capital resources are goods made and used to produce other goods and services. They <span>are the man-made physical resources. </span>Some examples of capital resources are <span>buildings, machinery, tools and equipment.
</span>Natural resources<span> are those </span>resources<span> created by nature. Some examples of </span>natural resources include coal, aluminum, and gold.<span>Foods are also considered </span>natural resources.
Both capital and natural resources can be used to produce other goods and services, but only capital resources must be already produced.
Capital may thus include physical goods and intellectual discoveries. Any resource is capital if it satisfies two criteria:
The resource must have been produced.
<span>The resource can be used to produce other goods and services.</span>
