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Komok [63]
3 years ago
11

Which of the following statements is TRUE?

Business
1 answer:
Sliva [168]3 years ago
4 0

Answer:

B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.

Explanation:

As we know that the consumer surplus shows a difference between the maximum price willing to pay for a good or for rendering the service and the market price

In mathematically,

The consumer surplus = Willing to pay - Market price

Therefore, the correct statement is option B as the rest of the statements are wrong.

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According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the managem
harina [27]

Answer:

A. 2 to 5 percent of sales

Explanation:

According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.

7 0
3 years ago
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A jewelry manufacturer incurred the following costs: 15,000 units produced with costs of $557,500, and 5,000 units produced with
pav-90 [236]

Answer:

Y=$160,000+$26.50X

Explanation:

Variable Cost = $26.50

Fixed Cost = $160,000

cost formula would you estimate using the high-low method : Y=$160,000+$26.50X

3 0
3 years ago
Why is finance a matter of general interest and not only individual?
valentinak56 [21]

Answer:

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning. It often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.

6 0
4 years ago
Institutions specialize in raising money for governments and corporations by issuing securities.
DaniilM [7]

Investment institutions is a specialize in raising money (investment capital) for governments and corporations by issuing securities such as stocks or bonds. People buying a company's securities are buying into a portion of a company and its earnings or income. Investment institutions offers shares or units. 

6 0
3 years ago
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A sharp downturn in the U.S. housing market reduced the income of many who worked in the home construction industry. A Wall Stre
Shalnov [3]

Answer:

Answer is explained in the explanation section.

Explanation:

If the wages of the Hispanics construction worker in America are less then, they will not have near as much money to send home to their relatives back in Mexico.

And if their families do not have as much as it use to be then they will not be able to buy near as much as they used to.

It means that if the construction workers don't get as much money as they used to then, neither they nor their families  will be able to spend as much as they use to which will obviously hurt each of their economies.

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3 years ago
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