Answer: Option (d) is correct.
Explanation:
Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.
Producers surplus = Price paid by buyers - Cost of production
The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.
Answer:
A) Connection B)Coordination C)Cooperation D)Capability Development E)Colut
Explanation:
A) This step is to create an environment where people freely communicate in order to CONNECT them to each other.
B) This step is to bring different aspects of activity into an efficient work flow to improve COORDINATION
C) This step is to make people work together or COOPERATE to achieve a common objective
D) This step is to Develop competencies of individuals
E) This step is to dedicating more resources on activities that will have an influence or CLOUT on the business
An economist would BEST describe the scenario as : Barter system
<h3>What is a Barter system?</h3>
Barter system is when commodities are exchanged against commodities. It is an act of trading goods or services between two or more parties without the use of money.
This type of trading system is an old method of exchange practised for centuries and long before money was introduced.
Examples of barter system are :
- Mangoes are exchanged for bananas.
- Salt is exchanged for onion.
- Shoes are exchanged for clothes.
Therefore, an economist would BEST describe the above scenario as barter system because both Evie and her sister exchanged their items of value between themselves.
Learn more about barter system here : https://brainly.in/question/1821688
