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dimaraw [331]
3 years ago
11

Use the following statements to answer this question:

Business
2 answers:
aliina [53]3 years ago
5 0

Answer:

B) I is true and II is false.

Explanation:

When the market price is held above the competitive level, the deadweight loss is composed of

producer and consumer surplus losses associated with units that used to be traded on the market but are no longer exchanged.

Therefore the second statement is wrong.

ASHA 777 [7]3 years ago
4 0

Answer:

The correct answer for this one is B) I is true and II is false.

Explanation:

This is an economics question and speaks to the topic of Consumer Surplus which is is a measurement of consumer benefits.

Consumer surplus occurs when the price that consumers pay for a good or service is less than the amount they're willing to pay. That is, a situation where a consumer is willing to pay more for a given product than the current market price.

I. When the market price is held above the competitive price level, it is possible for the loss in consumer surplus to be fully captured by producers.

II. When the market price is held above the competitive level, there is no dead-weight loss because producer gains exactly equal consumer losses.

Through perfect price discrimination, consumer surplus can be fully captured by producer surplus which also would mean that no dead-weight loss exists. Of course, it should be noted that this is a theoretical concept hard to find in the real world, if even possible at all.  

Cheers!    

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A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. Th
Rufina [12.5K]

Answer:

The amount of maximum net loss is $100

Explanation:

The butterfly spread comprise of buying 100 options with the strike price of $60 and $70 and the selling 200 options with the strike price of $65.

The maximum loss is when the strike price is less than $60 or be greater than $70. The aggregate payoffs from the options will amount to $0.

The cost of setting up the butterfly spread is:

= 11 × 100 + 18  × 100 - 14  × 200

= $100

Therefore,the net loss will be $100

6 0
3 years ago
Your primary motivation for investing is for tax savings.<br><br> A. True<br> B. False
eimsori [14]
That would be true :)
4 0
4 years ago
Which of the following choices is not an example of a common payroll deduction?
Zepler [3.9K]

Answer:

C

Explanation:

3 0
4 years ago
Organizing is the second basic managerial function; it follows planning and decision making. involves shaping the organization o
Norma-Jean [14]

Answer:

e. All of these choices

Explanation:

As we know that

The functions of management comprises of five functions i.e planning, organizing, staffing, directing and controlling

The planning is the way to plan the things so that the company could attain its goals and objectives within the prescribed time

The organizing is the second managerial function which helps to organizing the things of the company. It involves the way of doing the task and utilizing the resources efficiently and effectively so that the task could be completed at low cost and time

In addition, there should be a flexibility in a organization so that if an opportunity can comes then it would grab easily, it also consist of planning & decision making

8 0
3 years ago
In 2013, Jack and Shirley Wright moved from Riverside, in Southern California, up to Santa Clara, in Northern California, when J
saw5 [17]

Answer:

C

Explanation:

Escrow service is a form of risk mitigation medium in the course of a transaction , where a third party receives and disburses money for the main transacting parties as can be seen in the scenario given .

Nothing is really wrong in the transaction as suspected by the Wrights but a difference in the rules guiding escrow in North and South Carolina.

Escrow instruction are due for signing in South Carolina by both parties immediately after they have all  signed the purchase agreement , about 60 days ahead of the actual close of the escrow date , while in North Carolina , escrow are not signed until the day before the actual close of escrow.

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