(B) When revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.
<h3>
What is revenue?</h3>
- The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue.
- Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
- A company's overall earnings or profit are referred to as income or net income.
- Although both revenue and profit are positive indicators for your company, they are not the same thing.
- The producer surplus for a firm will probably reach zero when revenue equals opportunity costs and variable costs.
Therefore, (B) when revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.
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Answer:
c. technological advances
Explanation:
The most effective means of increasing productivity and overcoming economic crisis in the Late Middle Ages came from increasing the efficiency of workers and providing workers with better tools
You run out and call 911 or whatever the number is for you and if you’re on fire stop drop and roll because if you run you’re only giving the fire more oxygen
Answer:
Explanations below
Explanation:A) Sole proprietorship: sole decision making by the proprietor
B) General partnership: there is a profit sharing ratio as agreed by partners
C) Public corporation: it is independent of government.
D) Government corporation: Government has 100% ownership or partly owned with over 50% shares.
