Answer:
1. Consumer Surplus
2. Neither
3. Neither
Explanation:
Consumer Surplus is the difference between prevailing price & the maximum price consumers are willing to pay for a commodity
Producer Surplus is the difference between prevailing price & minimum price at which sellers are willing to sell a commodity
1. ' Even though I was willing to pay up to $191 for a used laptop, I bought a used laptop for only $185 ' : shows the difference between price paid by consumer (185) & maximum price consumer was willing to pay (191). So, it illustrates the case of Consumer Surplus.
2) & 3) don't illustrate case for any Surplus, as they have not arrived at a transaction price decision - based on supply & demand because of tax imposed by government.
Another name for the maximum payout on the health insurance policy is known as Limit of liability.
A Limit of liability means the maximum amount of liability that an insurance policy has stated at the onset, to pay at most when a loss occurred to the policyholder.
Hence, another name for the maximum payout on the health insurance policy is known as Limit of liability.
Therefore, the Option B is correct.
Read more about liability Limit
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The answer is, full set of commitments, decisions, and actions firms take to achieve strategic competitiveness and earn above-average returns.
<h3>What is the strategic management process?</h3>
- Setting policies, procedures, and goals in order to increase a company's or organization's competitiveness is the process of strategic management.
- Strategic management typically focuses on efficiently allocating personnel and assets to accomplish these objectives.
<h3>What are the two major process of strategic management?</h3>
- The formulation and implementation of strategy are frequently cited as the two main stages involved in strategic management.
<h3>Why is strategic management process important?</h3>
- For a corporation to succeed in the long run, effective strategic management is crucial.
- It entails formulating a business strategy with specific goals in mind, making plans for how those goals will be realized, coordinating daily operations with those goals, and allocating the resources required to reach those goals.
Learn more about strategic management process here:
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Answer:
dragons were mithecal creatures
Explanation:
Answer:
Sales revenue $ 710,000
Cost of goods sold $ 385,000
Gross Profit $ 325,000
Selling expense 71,000
Administrative expense 91,000
Operating Income 163,000
Non-Operating Income
Interest revenue 44,000
Gain on sale of investments 91,000
Interest expense (28,000)
Restructuring costs (67,000)
Income before taxes 203,000
Income tax expense (50,750)
Net Income 152,250
Shares outstanding 100,000
Earnings per share $1.52
Explanation:
We need to determinate gross profit.
then, the operating income therefore the interest and restructuring cost are not considered. Same goes for the gain on investment as aren't part of the business normal activities.
