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densk [106]
2 years ago
13

The deadweight loss associated with output less than the competitive level can be determined by A. subtracting the consumer surp

lus from the producer surplus associated with less output. B. summing the change in the total consumer and producer surplus from moving from the competitive level of output to less output. C. subtracting the competitive level producer surplus from the producer surplus associated with less output. D. summing the consumer and producer surplus associated with less output.
Business
1 answer:
SSSSS [86.1K]2 years ago
7 0

Answer:

C. subtracting the competitive level producer surplus from the producer surplus associated with less output

Explanation:

A deadweight loss refers to a cost to society created as a result of market inefficiency. Market inefficiency occurs when supply and demand are out of equilibrium. It is also known as excess burden.

Deadweight loss is also created due to taxes as they prevent people from purchasing things that they would otherwise as the final price of the product increases.

The deadweight loss associated with output less than the competitive level can be determined by subtracting the competitive level producer surplus from the producer surplus associated with less output

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artcher [175]

Answer:b. Resource acquisition

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Acquiring resources is the process of securing team members, equipment, materials or other resources required to deliver the project. The key input to acquiring resources is the project plan. The Acquire Resources process is repeated at several stages throughout the project as the need arises.

4 0
2 years ago
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in which of the following circumst
Katarina [22]

Answer:

B. 1 and 2.

Explanation:

Life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.

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Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in the following circumstances:

I. The decedent gave the policy to his father four years ago, but retained the right to change the name of the beneficiary.

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8 0
2 years ago
Level of education and income earned are generally_
ivanzaharov [21]
Hi there

The Connection Between Education<span>, </span>Income<span> Inequality, and Unemployment. ... Basically, the higher the </span>education level<span>, the higher the </span>income<span>. For example, people with professional degrees </span>earned<span> 6x as much as people who did not graduate from high school (in 2009: $128,000 vs. $20,000).
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i hope this helps.
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3 years ago
If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the
IgorLugansk [536]
B. The equilibrium price is below the price ceiling.
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3 years ago
Complete the sentence. "When a market failure arises because marginal social benefit exceeds the ability and willingness to​ pay
pochemuha

Answer:

The correct answer is option C.

Explanation:

Market failure refers to the situation when the market is not able to efficiently allocate resources and the government has to intervene. Market failure generally happens because of the presence of externalities.  

When the marginal social cost is greater than the ability and willingness to pay, the market will fail to optimally allocate resources. The government, as a result, will intervene.  

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