Answer:
$10
Explanation:
Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.
Answer/Explanation:
Am economy encompasses all activities that relates to the allocation of scarce resources for optimal production, processing, and distribution and trade of goods and services for the benefits and consumption of the populace dwelling in a geographical area. It entails all inter-related activities that pertains to the efficient use of scarce resources to ensure human needs are met for their survival.
<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note:
1.Debit Accounts Payable $24,000
2.credit Notes Payable $24,000.</span>
Answer: d. supply at different prices after the entry and exit of firms is completed.
Explanation:
The industry supply curve simply shows the relationship that exist between the price at which a good is sold and the industry's total output.
The long-run industry supply curve simply refers to the graphic representation of the quantity of output that the industry is prepared to supply at different prices after the entry and exit of firms has been completed.
At the long-run industry supply curve, it depicts the locus of price and the output produced in that industry as each firm aims to maximize profit.
1. learner management system and environment.
2. implications for pedagogy and application to resource poor environment.
