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Flauer [41]
4 years ago
10

Determine where producer is experiencing a producer surplus or consumer surplus, along with the amount of the surplus.

Social Studies
1 answer:
kompoz [17]4 years ago
7 0

Answer:

Correct Answers:

<u>Alice Scenario:</u>

Consumer Surplus. And the amount is $5

<u>Jeff Scenario:</u>

Consumer Surplus. And the amount is $12

<u>Nicole Scenario:</u>

Producer Surplus. And the amount is $1

Explanation:

<em>The above scenarios shows that both the consumers and the producer experience a varying degree of surpluses. And, also, the amount of the surplus varies from one person to the other person.</em>

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According to the law of demand, price and quantity move where?
boyakko [2]

Answer:

along a track in opposite directions.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

This ultimately implies that, there exist a negative relationship between the quantity of goods demanded and the price of a good. Thus, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

According to the law of demand, price and quantity move along a track in opposite directions i.e the quantity of goods or services demanded is inversely proportional to the price of the goods or services at a specific period of time.

7 0
3 years ago
When Mary, the owner of a large apartment complex, was deciding whom to rent an open apartment to, she immediately disregarded t
soldi70 [24.7K]

Answer:

b. discrimination      

Explanation:

Discrimination: In psychology, the term "discrimination" is described as an individual's capabilities of responding or perceiving differences among various stimuli. Discrimination is often considered as one of the most advanced sorts of learning as compared to generalization (capabilities of perceiving similarities). However, an organism can be trained for generalizing as well as discriminating.

In the question above, Mary’s treatment of Millie is best described as discrimination.

8 0
3 years ago
The Wilson family is having a big reunion and four generations of Wilsons are expected to attend. Applying the Flynn effect to t
aivan3 [116]

Answer:

The correct answer is D. the fourth generation of Wilsons would score the highest on a standard IQ test.

Explanation:

The Flynn effect refers to a trend discovered by researcher James Flynn, who after conducting research on the results of IQ tests of several different groups of people all over the world over several decades, found out that there's an increase in IQ scores over time. In other words, younger generations tend to perform better than the previous generations in these intelligence tests. By applying this idea of the Flynn effect to the Wilson family, <u>we would expect that the fourth generation of Wilsons would score the highest on a standard IQ test</u>. Currently, there's no single explanation for the Flynn effect, but researchers point out to environmental factors such as better schooling, better nutrition, improved health, and a social environment that actively stimulates newer generations to improve their performance.

7 0
3 years ago
The rational and reasonable part of personality is known as the
exis [7]

Answer:

The ego

Explanation:

the ego and super ego are a set of three concepts in psychoanalytic theory describing distinct, Interacting agents in the physic apparatus

Also the rational and reasonable part of a personality

Hope this helped you!

5 0
3 years ago
The practice of a country producing what they can produce the most efficiently based on their natural resources, etc. and tradin
zhuklara [117]

<u>Answer: </u>

The practice of a country producing what they can produce the most efficiently based on their natural resources, etc. and trading with other countries for the rest of what they need is known as comparative advantage trading.

<u>Explanation: </u>

  • If a specific raw material is available in abundance within the domestic boundaries of a country, the country can make use of it to achieve a comparative advantage over the other countries for the same raw material being absent in other countries.
  • Moreover, if the climate of a country favors the growth of a specific agricultural product, the country can perform comparative advantage trading with the countries that are unable to produce the same product in their country.
4 0
3 years ago
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