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alukav5142 [94]
3 years ago
6

Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m

arginal benefit is $81.60. If one more barrel of oil is produced and consumed surplus changes?The Economic surplus will ____.a) decrease by $161.00.b) increase by $2.20.c) increase by $81.60.d) decrease by $2.20.
Business
1 answer:
Alona [7]3 years ago
3 0

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

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Public relations is best considered a __________ function
bonufazy [111]
Happy to help!

The correct statement includes the word: management.
Public relations is best considered a management function.

I hope I have successfully assisted you. Let me know if you have any questions!
~Brooke❤️
4 0
2 years ago
What is the name for the practice whereby a married woman loses all of her political and economic rights to her husband?.
Nadya [2.5K]

<u>Coverture</u> is the name for the practice whereby a married woman loses all of her political and economic rights to her husband. Hence, the correct answer is coverture. Read below about coverture.

<h3>What is coverture?</h3>

Coverture was a legal doctrine in the English common law in which a married woman's legal existence was considered to be merged with that of her husband, so that she had no independent legal existence of her own.

Therefore, the correct answer is as given above

learn more about coverture: brainly.com/question/7413269

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5 0
1 year ago
There is only one accepted format for a formal business letter.<br><br> True<br> False
Dimas [21]

False, there are more than one accepted letter format.

Let's get further into learning this:

There are two basic groups, The Block Format and The Various Indented formats.

Stay Happy!

7 0
3 years ago
Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies that can't raise
sergey [27]

Answera dnd Explanation:

A. The incentive conflict in principal-agent relationship as it concerns venture capitalism is conflict between venture capitalists who are the principals and the managers of the business investment who are the agents. The conflict is that venture capitalists are put to increase value of their investment and make profit while salaried managers are only out to feel their pockets through their managerial role in the company as they do not have an interest in the company and are unaffected by the loss or failure of the company. This is known as the principal agent moral hazard issue in venture capitalism

B. By managers maintaining some ownership in the company, there us reduced conflict as managers now see a reason to make sure company succeeds since they have an interest

Venture capitalists aim to have a seat in the board to make sure managers do not take bad decisions since they are able to veto such decisions

4 0
3 years ago
bought 2,000 shares of Print Company stock for $12,780. She sold the stock for $7 per share and paid a sales commission of $26.
Svetach [21]

Answer:

$1,194

Explanation:

The buying price of the shares was  $12,780

The selling price was $7 dollars for each.

The total amount realized is 2000 share  x $ 7

=$14,000

The commission paid is $26

Net amount obtained is $14,000 -$26

=$13,974

Profit will be $13,974 -$12,780

=$1,194

6 0
3 years ago
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