Answer:
The correct answer is option A) Total surplus is represented by the area between the demand and supply curves up to the point of equilibrium.
Explanation:
Total surplus consists of consumer ans producer surplus.
whereas consumer surplus is the area above the market price and below the demand curve, while producer surplus is the area below the market price but above the supply curve.
Total surplus is the total area for the consumer surplus plus the total area for the producer surplus represented by the area between the demand and supply curves up to the point of equilibrium.
"Bob and Phil" employees will have access to the New World account.
<u>Option:</u> A
<u>Explanation:</u>
The East sale's executive and manager is Karen, where Richard and Kevin are representatives, the West sale's executive and manager is Wendy, where Sam and Wilder are representatives. Although both Karen and Wendy are under CEO Bob. Richard owns NewCompany account while Kevin owns an OldCompany account. Karen shared her account manually with Kevin named as NewWorld. But Karen moved on to head Named Accounts, while Phil replaced Karen in NewWorld. Thus finally Bob being CEO (who use to manage both Karen and Wendy) and Phil (who replaced Karen) will only have access to the NewWorld account.
National Sales Tax and Flat Tax are two major plants that are considered by Congress to fix the tax code. Either of the two will do but they both will do the following:
Both taxes will restore the principle of fairness to the tax system because both will treat all taxpayers equally.
Both taxes will replace today's discriminatory tax structure with a single low rate.
Both taxes will eliminate the current tax code's bias against savings and investments, and promote a kind of capital formation that will boost workers' incomes and raise long-term economic growth.
In collecting said taxes, fewer personnel and paperwork will be needed, resulting to a downsizing of IRS bureaucracy and saving billions of dollars in compliance cost per year.
Despite their differences, both taxes have the fundamental principle that all income should be taxed at one low rate and only one time, and the collection of tax should be done in the least intrusive way possible.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
An enterprise resource planning system is most effective for this application.
<u>Option: C</u>
<u>Explanation:</u>
The centralized monitoring of large corporate activities, mostly in live time, and through software often technology mediation, highlighted as a Enterprise resource planning. ERP is generally understood as a type of information management tools that a company can utilize to acquire, store, process, and analyze data from multiple business operations.
It offers a constantly updated and organized representation of key firm operations by utilizing popular databases managed by a database management process. ERP programs monitor the capital of firm like: raw material, money, manufacturing capabilities and business obligations status like: order of purchase and payroll.