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Anna71 [15]
3 years ago
12

While Steve is cleaning out his garage, he finds an old surfboard that he no longer needs. As he walks to the dumpster to throw

it out, his neighbor John asks if he could have it. John offers Steve a 6-pack of beer (worth $10) in exchange, which Steve happily accepts. Steve has achieved a producer surplus of
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

$10

Explanation:

Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.

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Renee Warning has a life insurance policy where the payments to beneficiaries get smaller as time passes. What type of term life
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<em>Decreasing term insurance</em>

Explanation:

Decreasing term insurance <em>is renewable life insurance with a predetermined rate of  decline in coverage over the life of the policy</em>.  

Premiums are generally continuous throughout the agreement,  and <em>there are typically monthly or annual reductions in coverage</em>.  

The idea behind the insurance maintains that certain obligations and  the associated need for elevated insurance rates are declining with age.

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4 years ago
Can someone Plss answer this question for me
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If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.

<h3>What is an open market sale?</h3>

Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.

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7 0
2 years ago
Well organized buisiness writing uses short sentences and paragraphs. True or False?
nordsb [41]

Answer:False

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3 0
3 years ago
In emerging markets, consumer incomes and buying power are
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The global economy continues along its low-growth path, but there are a number of bright spots. In the U.S., despite the political uncertainty, a strengthening consumer is driving strongerr growth. A large fiscal stimulus under the new administration could well provide another boost to the U.S. economy. And in many emergingg marketss the rebound that began in 2016 appears to have momentum, supported by higher commodities prices and structural reforms. Europe remains challenged by uncertainty about the future of the European Union, low growth and high unemployment. 
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4 years ago
Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t
AleksandrR [38]

Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

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$100000=sale price*(100%-5%)

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sale price =$100000/95%

sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

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3 years ago
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