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Rashid [163]
3 years ago
11

Producer surplus is the difference between a. the market price and the minimum price a buyer is willing to pay b. the market pri

ce and the minimum price a seller is willing to accept. c. the maximum price a seller is willing to accept and the market price. d. the maximum price a buyer is willing to pay and the market price
Business
1 answer:
Nutka1998 [239]3 years ago
8 0

Answer:

b. the market price and the minimum price a seller is willing to accept

Explanation:

The formula to find out the producer surplus is shown below:

Producer surplus = Market price - minimum price to sell the goods

It shows a difference between the market price and the minimum price for accepting the price

Let us take an example, the market price is $10 and the minimum price for accepting the price is $5

So, the producer surplus equal to

= $10 - $5

= $5

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Answer:

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Explanation:

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2 years ago
The strength of the economy of singapore is based largely on its lack of corruption and generous government support for new busi
QveST [7]

Singapore really has only two neighbors:

  • Malaysia and
  • Indonesia.

It is politically correct to state that Malaysia and Singapore have a love-hate relationship. Malaysia's political leadership look down on Singapore.

<h3>How can Singapore be described?</h3>

Singapore, as a multicultural, multiethnic, multireligious secular meritocracy, is an insult to their Bumiputera policy's falsehood of Malay-based apartheid.

Malays and other races such as Ibans, Dayaks, Eurasians, and Kadazan are considered native races of Malaysia.

Despite having lived there for centuries, a Chinese or Indian is considered a "pendatang," or an immigrant, and is discriminated against.

It is to be noted that Singapore was compelled to leave Malaysia due to disputes, socioeconomic factors, and the inability of Lee Kuan Yew and Tunku Abdul Rahman to reach an agreement.

That kind of issue persists after half a century. Malay nationalist hardliners anticipated Singapore to fail without a hinterland and return to Malaysia, where they would accept their demands. That did not work out as planned.

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8 0
2 years ago
When the company is hosting an event, managers should assign event preparations to a ________. Preparations include trucking in
zimovet [89]

Answer:

The correct word for the blank space is:  cross-functional team.

Explanation:

Cross-functional teams are groups of people working for a common objective with different functional experience. Employees from the departments of accounting, marketing, logistics, and human resources could be within the organization. <em>Catering </em>firms fall under this type of category.

8 0
3 years ago
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the c
ad-work [718]

Answer: $7924. 5

Explanation:

Given the following :

Cost of new equipment and timbers - $275,000

Working capital required - $100,000

Annual net cash receipts - $120,000

Cost to construct new roads in year three - $40,000

Salvage value of equipment in four years - $65,000

Kindly check attached picture for Explanation

4 0
3 years ago
Consider the elements of cost in Geordie Ltd, namely, the cost of a product, the cost of direct labour and the cost of non-labou
tangare [24]

Answer:

$73.58

Explanation:

Total cost of product = $120

Total cost of product = Cost of material + Direct labor + Overhead

Cost of material = (3 * direct labor) - $6

Overhead = ¾ of Direct labor

Total cost of product = 3DL - $6 + DL + ¾ of DL

$120 = 3DL - $6 + DL + 0.75 DL

$126 = 4.75 DL

Direct Labor = 126/4.75

Direct Labor = $26.53

 

Material cost = 3 * $26.53 - $6

Material cost = $73.58

3 0
3 years ago
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