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nevsk [136]
3 years ago
8

Producer surplus is defined as the:difference between a price floor and the market price.gap between the supply curve and the ma

rket price.gap between the demand curve and the market price.difference between a price ceiling and the market price.
Business
1 answer:
klemol [59]3 years ago
7 0

Answer:

Gap between the supply curve and the market price.

Explanation:

Producers surplus refers to the surplus that a producer of a commodity can obtain. The producers surplus is the difference between the producer's willingness to accept the price and the actual price they have received.

Producers surplus = Actual market price - Willingness to accept the price

Graphically, it is the area between the upper portion of supply curve and the market price.

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A generic market Multiple Choice a. often includes consumers who will satisfy the same need in quite different ways. b. often in
mariarad [96]

Answer:

e. has all of these characteristics.

Explanation:

A generic market has the characteristic of fulfilling similar needs in number of manners for the customers.

In this manner the ultimate goal of different customers, which is same is achieved by this market.

As for example in the season of winters, the ultimate goal is to feel warm,

For this, some producers or sellers offer, hot cup of coffee, or soup, and some might offer air warmers for the house, some might offer to buy jackets!

Ultimately there are different customers with common goal, but different needs, and different suppliers fulfilling common needs.

Thus, all of the above statements are true about generic market.

4 0
3 years ago
One way to eliminate intermediate goods from the measure of gdp is to subtract from the measure of all output the:_______
nirvana33 [79]

When calculating GDP intermediate goods are eliminated to avoid double counting of goods, as already the input is added which includes these intermediate goods.

<h3>What is GDP?</h3>

GDP stands for Gross Domestic Product. It is the total production of a country and is very essential in growth of a country, developing or poor countries generally have a lower GDP as compared to developed countries.

The amount of intermediate goods can be subtracted from output total to formulate the figure of GDP.

Learn more about GDP at brainly.com/question/27173101

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6 0
3 years ago
Which of these types of reservations do hotels prefer?
Vitek1552 [10]

The answer is <u>C) Advance deposits</u>. I believe.

5 0
4 years ago
Read 2 more answers
The production team of Widget Corp, a furniture manufacturer, has determined the amount of wood, metal, fabric, and labor hours
slega [8]

Answer:

The answer is multi-factor productivity.

Explanation:

Multi-factor productivity (MFP) measures or determines the productivity or efficiency of a production process by comparing it to the the amount of invested multi-factor inputs (labor, materials, energy, capital).

In other words, Multi-factor productivity (MFP) also known as total factor productivity (TFP) is an economic performance determination of the number of goods produced when compared to inputs (labor, materials, energy, capital).

8 0
4 years ago
A bc subteam called the ____ is responsible for establishing the core business functions needed to sustain critical business ope
Blizzard [7]
<span>A BC subteam called the operations team is responsible for establishing the core business functions needed to sustain critical business operations. The operations team is a smaller group of people within an organization that handle behind the scenes team functions. Having an operations team is one of the most important subgroups to have in an organization. </span>
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4 years ago
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