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DENIUS [597]
3 years ago
6

Suppose you were assigned the task of choosing a price that maximized economic surplus. What price would you​ choose? ​ Why? A.

Choose a price of zero because that is where consumer surplus​ (the area under the demand curve and above the​ price) is maximized. B. Choose a price ceiling below the equilibrium so that consumers​ won't have to pay too much. C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition. D. Choose the price where the quantity supplied is maximized because that is where output is the greatest. E. Choose the highest price possible because that is where producer surplus​ (the area above the supply curve and below the​ price) is maximized.
Business
1 answer:
mote1985 [20]3 years ago
8 0

Answer:

C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition.

Explanation:

The equilibrium price is the most ideal because at this price the consume is willing to buy, if price goes above this the consumer may look for an alternative and this will further increase surplus.

Also when there is surplus the suppliers will find a way to sell competitively at the equilibrium price.

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enterprise project management software is also known as a tool of project management software.low-end mid range high-end baselin
aleksandrvk [35]

Enterprise project management software is also known as high-end tools of project management software. Thus, option C is correct.

<h3>What is management? </h3>

Management can be defined as the way that a person tries and coordinate with different people in different departments.

Enterprise project management also known as EPM defines that there will be coordination between the department and the means that it ensures that the expectation and the goal are being met according to the standards.

High-end product development solutions are frequently referred to as corporate software for managing projects. Therefore, option C is the correct option.

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3 0
1 year ago
What type of account is recommended for unexpected expenses?
velikii [3]

Answer:

emergency fund

Explanation:

5 0
2 years ago
What two accounting equalities must be maintained in transaction analysis?
STALIN [3.7K]

Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.

One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.

This accounting equation works as-

Assets = Liabilities + Equity

Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.

Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.

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4 0
1 year ago
A monopoly market is characterized by the inverse demand curve P = 1,200 – 40 Q and a constant marginal cost of $200. If the mar
Sergeeva-Olga [200]

Answer:

The profit maximizing output level declines by 2.5 units and the price rises by $100.

Explanation:

In a monopoly market the inverse demand curve is given as,

P = 1,200 - 40Q

The marginal cost of production of the last unit is $200.

The total revenue is

= Price\times Quantity

= 1,200Q - 40Q^{2}

The marginal revenue of the last unit is

= \frac{d}{dx} TR

= 1,200 - 80Q

At equilibrium the marginal revenue is equal to marginal price,

MR = MC

1,200 - 80Q = 200

80Q = 1,000

Q = 12.5

Putting the value of Q in the inverse demand function,

P = 1,200 - 40\times 12.5

P = $700

Now, if the marginal cost rises to $400,

At equilibrium the marginal revenue is equal to marginal price,

MR = MC

1,200 - 80Q = 400

80Q = 800

Q = 10

Putting the value of Q in the inverse demand function,

P = 1,200 - 40\times 10

P = $800

4 0
3 years ago
The first step of product development is to ___.
scoray [572]

The answer is idea generation option C

4 0
3 years ago
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