C. 60
Explanation:
Producer's Surplus means the value producer derives from selling goods. For example, if producer is willing to sell the product for a price 8 but consumers are willing to pay a higher price, let's say 20, then producer achieves a surplus of 12 per unit. Let's calculate the producer's surplus -
As per question, Reservation Price (RP) =20, Price (P) =8, & Quantity (Q) =10
The formula for Producer Surplus (PS) is as follow:
PS = 1/2 (RP - P) x Q
= 1/2 (20-8) x 10 = 60
The benefit of using oil versus tempera paint is that Oil is more flexible and allows artists to make changes easily.
Oil painting is an act of painting with oil colors. These oil colors contain a pigment that is submerged in drying oils.
Oil colors for artists are created by combining dry powder pigments with chosen refined linseed oil to form a thick paste.
Tempera paint is an irreversible, rapid drying painting media made up of colored pigments blended with a water-soluble binder media, a typically glutinous substance like egg yolk.
Tempera paint is popular in classrooms and may be spread with a brush.
A stricken benefit of Oil paint over tempera paint is that Oil is more flexible and allows artists to make changes easily.
Learn more about Oil painting here;
brainly.com/question/9602745?referrer=searchResults
<span>1/33 + 1/88 = 1/X
264(1/33 + 1/88) = 264(1/X)
8 + 3 = 264x
264/11 = 24
X = 24 hours
You add the 2 amounts from both workers. Then you multiply both sides of the equation by 264 to get a common denominator. Then solve for x for the answer of 24 hours.</span>
Answer:
Opportunity cost always a relative concept where the cost of foraging the next best alternative there the next best alternative is compared to current choice and this concept cannot be absolute.
PPF – Not strictly convex
Because PPF slope = Marginal rate of transformation
Marginal rate of transformation – number of units of goods that must be foregone in order to create or to attain 1 unit of another good.
If PPF = Strictly convex then Marginal rate of transformation must be strictly decreasing which is impossible Marginal rate of transformation always increase due to scarcity of resources both goods to produce the goods.
For example if apple need to enhance there need to be a decrease in oranges