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puteri [66]
4 years ago
14

Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is – enough, it will e

ncourage consumers to buy. However, the price also has to be – enough to encourage producers to sell. In this way, both parties benefit from the sale. In order to calculate producer surplus, sellers must understand their direct costs and their – costs, while consumers must consider their – price based on the value they place on a particular good or service.
Business
1 answer:
horrorfan [7]4 years ago
4 0

Answer:

the general welfare will be the sum of consumer surplus and producer surplus.

Explanation:

The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.

Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.

Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.

Thus, the general welfare will be the sum of consumer surplus and producer surplus.

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Mr. Etemadi has prepared the following list of statements about service companies and merchandisers. Identify each statement as
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Answer:

Explanation:

1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE

2. For a merchandiser, sales less operating expenses is called gross profit.

FALSE

For a merchandiser,sales subtracted from cost of goods sold is called gross profit.

3. For a merchandiser, the primary source of revenues is the sale of inventory.

TRUE

4. Sales salaries and wages is an example of an operating expense. TRUE

5. The operating cycle of a merchandiser is the same as that of a service company.

FALSE

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3 years ago
You have recently been hired as the vice president for human resource in an advertising agency. One problem that has been brough
faltersainse [42]

Explanation:

There are two problems that need to be solved in the scenario above: the increase in team conflicts and the retention of valuable employees who are the cause of conflicts. In these two situations, as recently hired as vice president of human resources for an advertising agency, the ideal would be to try to understand how the people management process that occurred before his arrival at the company was carried out, and from there, find strategies for resolve the two main types of conflicts that occur at the advertising agency.

Some solutions arise from the principle of revising the HR policy and establishing a more direct and facilitated communication with employees, in order to increase the employees' perception of a management focused on the employee's well-being and open to feedbacks.

Another solution for reducing conflicts in teams is the assessment and analysis of the profile of each member individually and in a group, in order to monitor the individual and collective performance of each and define assignments according to their skills, generating greater integration between teams and appreciation of each employee, which increases engagement and motivation at work, reducing conflicts and turnover.

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Ilya [14]

Answer:

a) He will ask the audience to stand and do a simple yoga pose.

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Base on the scenario been described in the question, we saw the Enrique is given a presentation to convince his managers that offering yoga classes at work will improve productivity because it will help employees clear their minds. The aspects of his presentation that shows he wants to include kinesthetic learners is , he asked the audience to stand up and do a simple yoga pose.

Kinesthetic learning is a learning style in which learning which involves the students doing physical activities, rather than watching demonstrations or listening to lectures.

3 0
3 years ago
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Assume that the. Top level management team has accepted your recommendation how can their effectiveness be evaluated three month
Alex73 [517]

The correct answer to this open question is the following.

Although the question provides no context or references, we can say that if the top-level management team has accepted your recommendation their effectiveness can be evaluated three months after implementation in the following way.

The recommendation needs to establish some goals that have to be accomplished in the short, medium, and long-range. After the first three months, you establish your exéctations and you should have included your KPIs or Key Performance Indicators in order to do the proper evaluation and knowing if the recommendations were valid or attainable. Lack of goals or KPIs to evaluate the recommendation would end up complicating the evaluation process.

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