Answer:B - $80
Explanation: Producer surplus is the difference btw what a consumer is paying and what a producer is charging.
From the above questions, Tom tuned the following pianos:
Buyer willing to pay $155.
Tom tuned piano 1 for $120, therefore his surplus on piano 1 is $155 - $120 = $35
Tom tuned piano 2 for $125, therefore his surplus on piano 2 is $155 - $125 = $30
Tom tuned piano 3 for $140, therefore his surplus on piano 3 is $155 - $140 = $15
Tom tuned piano 4 for $160, therefore his surplus on piano 4 is $155 - $160 = ($5)
All together his surplus is $35+$30+$15 =$80
According to the creative process model, <u>verification</u> is the next stage in the creative process after such inspiration.
<u>Option: C</u>
<u>Explanation:</u>
The creative process can be split into four phases: planning, incubation, enlightenment and verification. During the first level, data is collected from your brain. After all, new ideas aren't coming out of a vacuum. You let your mind wander in the second level, and spread your thoughts.
You'll make links between thoughts in the third level. In the fourth level, critical thought needs to refine new ideas in order to address their target convincingly. Such creative method offers the complete technique to give birth to new ideas from just a hint.
Answer:
leasing is like selling it buying it with a loan is like u dont have eough money so the bank gives u money and u have to repay them with intrests
Explanation:
Answer: Insurance premium
Explanation:
Answer:
The correct answer is: increase; reduce; increase; does not generate; consumers; producers and government
Explanation:
A quota is a trade restriction that limits the quantity imported of a good. An import quota on avocadoes will reduce the supply of avocadoes. This will cause the price of avocadoes to increase. This increase in price will reduce the consumer's surplus and increase the producer surplus.
A quota does not generate any revenue for the government.
This imposition of quota creates a deadweight loss for the society as the loss in consumer surplus is greater than the increase in producer surplus and government revenue.
