Answer:
Producer surplus is
- D. the difference between the lowest price a firm would be willing to accept and the price it actually receives.
How does producer surplus change as the equilibrium price of a good rises or falls?
- As the price of a good rises, producer surplus <u>increases</u>, and as the price of a good falls, producer surplus <u>decreases</u>.
Explanation:
Producer surplus refers to the difference between what a supplier or producer is willing and able to accept for their goods or services, and the actual price of those goods and services. If the supplier is willing to accept $2 per unit, but is able to sell them at $3 per unit, the supplier or producer surplus = $3 - $2 = $1
Annual growth rate of population is 16.3%
monthly growth rate = ?
Months in one year = 12
let x be the monthly growth of population.
16.3% = 0.163
1+ 0.163 = 1.163
Now, (1.163)¹/¹² = 1.01266
for monthly growth percent
1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Answer:
Owners are not required to pay it to foreign workers.
Explanation:
Owners must pay it to any worker regardless of its nationality.
