Answer:
$2
$3.50
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$6.75 - $4.75 = $2
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$4.75 - $1.25 = $3.5
Answer:
Simply ask a lot of innapropiate questions and the moderators will kick u out! Have fun!
Explanation:
Answer:
c. ensure that workers are well educated and have the necessary tools and technology.
Explanation:
Living of standard is the living style of the people . It totally depends upon the necessary amount of money available with a person to meet out not only its basic needs but also have sufficient amount of money to meet out their luxurious needs as well.
Public policy is a policy made by the government to bring its decisions into actions with the help of public.
In order to increase the living standard , public policy should make sure that the workers working under the policy for the government are educated enough and they have proper knowledge about operating the necessary tools , equipments and technology .
Answer:
(c) MUa/Pa = MUb/Pb
Explanation:
The Utility Maximization Rule is
MUa/Pa = MUb/Pb, where MUa represents the marginal utility derived from good a, Pa represents the price of good a, MUb represents the marginal utility of good b and Pb represents the price of good b.
The process of planning the break schedules and the freight delivery schedules is known as an operational planning.
<h3>What is an
operational planning?</h3>
This refers to the outlining of key targets that a firm will undertake during a period of time that is usually one year.
Hence, the process of planning the break schedules and the freight delivery schedules is known as an operational planning.
Therefore, the Option A is correct.
Read more about operational planning
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