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Mice21 [21]
3 years ago
11

Producer surplus is

Business
1 answer:
Kisachek [45]3 years ago
4 0

Answer:

The amount a seller is paid minus the cost of production.

Explanation:

Producer surplus refers to the difference between the producer's willingness to accept the price for the product and the price they actually received for the product.

It is calculated as follows:

Producers surplus = Amount a seller received - Cost of production

Or

Producers surplus = Actual amount received - Willingness to accept a price

It is a measure of producers welfare.

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Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Co
irina1246 [14]

Answer:

Variable overheads efficiency variance = $13,040  favorable  

Explanation:

<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>

                                                                                       Hours

5,900munits should have taken (5,900× 0.9)          5,310

but did take                                                                 <u> 2050  </u>        

efficiency variance in hours                                         3,260 favorable

Standard rate per hour                                               <u>   $4.00 </u>  

Variable overheads efficiency variance                   <u>   13,040 favorable </u>

Variable overheads efficiency variance = $13,040  favorable          

3 0
3 years ago
The National Income and Product Accounts allows us to relate ________ to ________ to ________. Group of answer choices household
sasho [114]

Answer:

gross domestic product (GDP), gross national product (GNP), and gross national income

Explanation:

5 0
3 years ago
1. You are 26 years old, married, and have two small children. You have a household income (take-home pay) of $3,500 per month a
kramer

Answer:

1. A) Satisfying your day-to-day spending needs?

<u>Statement Savings account </u>

Bank statements will hep you keep track of the balance.

B) Making and holding funds for your car purchase?

<u>NOW Account.</u>

An account that earns interest yet allows the owner to write drafts against the money in the account. This would be good here as it will increase the funds you are saving for the car purchase.

C) Making and holding funds for your home purchase?

<u>NOW Account. </u>

NOW stands for Negotiable Order of Withdrawal account and would work here as well.

D) Making and holding funds for your retirement?

<u>Certificate of Deposit.</u>

These are offered by banks and earn a higher interest return. They however have to be locked up for a while without withdrawing so they are great for retirement saving.

2. Which of the following accounts is typically not insured?

<h2>A. Mutual Funds.</h2>

Mutual funds are not financial deposits so will not be covered by the Federal Deposit Insurance Corporation (FDIC).

3. Which of the following practices would help you keep accurate records regarding the funds in your bank account?

  • A. Keep track of your balance online.
  • B. Immediately record the date and amount of each transaction in your check register and calculate the new balance.

4. You can avoid a service fee on an average-balance account if you:

  • B. Keep a certain average daily balance in the account through a specified time
6 0
3 years ago
After working for a large firm for several​ years, tyler started his own landscaping design business.​ however, he soon ran out
Veronika [31]

Answer:

The answer is stated below:

Explanation:

Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.

Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.

6 0
3 years ago
QUESTION 1. What is the FDA definition of the “healthy” food label? A) The food is low in fat and saturated fat and has no more
aleksandr82 [10.1K]
1.The FDA definition of the healthy food label is : A. The food is low in fat and saturated fat and has no more than 69 mg of Cholesterol per serving

2. Free samples, coupons, and in store testing are examples of : B. Product marketing influence

hope this helps
8 0
4 years ago
Read 2 more answers
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