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Leno4ka [110]
3 years ago
5

Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items.

Mortarville, an urban town that specializes in brick and ore, wants wood to build roads so that it can expand and connect to other major cities. Mortarville has a willingness to pay $ 50 $50 for wood, since wood is hard for them to obtain. Mayflair also needs wood to build grain silos for their wheat harvests. Mayflair is willing to pay $ 45 $45 for wood. Timber, the only foresting company, sets the price of wood at $ 60 $60 . The change in total surplus that arises due to trades between TIMBER and and the tows is:________.
-less than zero
-equal to zero
-greater than zero
Business
1 answer:
Olin [163]3 years ago
5 0

Answer:

-equal to zero

Explanation:

As the price for wood is above the demand is willing to pay there is no trade.

Either some of the participants will increase their demand and accept the price of 60 dollars; look for another supplier or look into producing for themselves

Also, Timber could lower the prce of wood so trade occurs.

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Answer:

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Explanation:

Giving the following information:

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<u></u>

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Break-even point in units= 20,000 units

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3 years ago
Answer this question based on the following information about a company: Revenues, $20 million; costs, $15 million; assets, $30
andrezito [222]

Answer:

$60,000,000

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Formula for market value is given as

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8 0
3 years ago
Read 2 more answers
What are the major distinctions between a two year college and a four year college
ziro4ka [17]

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3 years ago
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Monica [59]

Answer:

I would recommend Machine 7745

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3 years ago
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velikii [3]
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