1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
3 years ago
13

Consumer surplus: Select one: a. is the difference between the maximum prices consumers are willing to pay for a product and the

lower equilibrium price. b. the difference between the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept. c. the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price. d. rises as equilibrium price rises.
Business
1 answer:
Sveta_85 [38]3 years ago
6 0

Answer: a. is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price

Explanation:

Consumer surplus is known to be the differences between the amounts consumers are ready and able to purchase and pay for a good and the market price which the consumers are charged to pay for the good. It is represented on the demand curve by the area under it which is at the top of the equilibrium price. Thus, it is of great benefit to consumers because they buy products for lesser prices in the market than the prices which they are expecting to pay for the products.

You might be interested in
Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made pa
Trava [24]

Answer:

Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made payments to the construction company of $3090000 on 7/1, $6408000 on 9/1, and $5840000 on 12/31. Weighted-average accumulated expenditures were

6 0
3 years ago
Management by walking around (MBWA) refers to an old strategy that results in ineffective upward communication. a practice in wh
hodyreva [135]

Answer: a practice in which executives get out of their offices and learn from others in the organization through casual face-to-face dialogue.

Explanation: Management by walking around (MBWA) refers to a practice in which executives get out of their offices and learn from others in the organization through casual face-to-face dialogue.

In this management style, executives pay casual, unplanned visits to staff in their work areas to understand their work environment, experience first hand their status reports instead of waiting for them to be delivered to their office. Management by walking around fosters a better work environment through better communication, a hands-on experience of the conditions of the workplace by managers as well as quick and effective problem solving.

5 0
3 years ago
When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and cu
Lady_Fox [76]

Answer:

cumulative.

Explanation:

Cumulative preferred stock is defined as a type of stock that states that if any dividend payments have been missed the first payment of the owed dividends must be done to cumulative preferred shareholders in first instance

4 0
3 years ago
Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t
Kipish [7]

Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

$FV=P(1+\frac{r}{100})^t

$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

3 0
3 years ago
Why should you memorize your social security number rather then carry your social security card in your wallet? Explain why you
kakasveta [241]

Answer:

Hmm.

Explanation:

  • Why should you memorize your social security number rather than carry your social security card in your wallet?

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

  • Explain why you will need to provide your social security number to employers.

You will need to provide your social security number to employers because they need to make sure that you are you.

<em>'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'</em>

4 0
3 years ago
Other questions:
  • Welfare is a general term for economic and social assistance programs.
    13·1 answer
  • After reviewing the service records at a car dealership, the CEO (chief executive officer) discovered that customers who schedul
    11·1 answer
  • Consider Corp X is introducing a product on a trial basis and the cost is $300 million. And the discounted cash flow (DCF) model
    6·1 answer
  • Jane and Sarah were watching the evening news when viewers were asked to weigh in on the city's proposed tax increase. Later in
    7·1 answer
  • Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum
    10·1 answer
  • Drag the tiles to the correct boxes to complete the pairs. Compare the sources of consumer credit
    14·2 answers
  • The main determinant of elasticity of supply is the: A. number of close substitutes for the product available to consumers. B. a
    14·1 answer
  • Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
    7·1 answer
  • Consolidated Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Consolidated empow
    5·1 answer
  • Joseph (43) and Azalea (44) are married with no dependents. They will file separate returns for 2020. Joseph files his return fi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!