Answer: some consumers are willing to pay more than the equilibrium price.
Explanation:
Consumer Surplus is simply the difference between the price that is paid by a consumer and the price that the consumer was willing to pay in the first place.
In an unregulated, competitive market consumer surplus exists because some
consumers are willing to pay more than the equilibrium price.
Answer:
the correct answer is $1,250
Explanation:
(The average variable costs + the average fixed costs) * Production units
=
The firms total costs
$2.00 + $0.50 =$2.50
$2.50 * 500= $1,250
GOOD LUCK
<span>It is associated with using a market penetration strategy when there is an opportunity for price skimming. Leaving money on the table means that during a business deal or negotiation one of the parties does not receive the amount of money they could have earned, instead they accept a smaller sum. This strategy can be beneficial or hurtful depending on the scenario.</span>
Recent studies clearly indicate an association between TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.
<h3>What is Obesity?</h3>
This refers to the medical condition where a person is overweight and has an excess Body Mass Index.
Hence, we can see that based on the research made, it was found that there was a direct link between the use of TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.
Read more about obesity here:
brainly.com/question/1646944
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Answer:
Explanation:
As the coffee prices are relative higher than what it actually ends up paying, person will pay above their face value to obtain. Same will apply the same idea for that concept.
As tea is also icnreases we will pushed there.
In the long term we should review how this is done as usually end up here and allone
Therefore the compete sentences will be:
An increase in the price of coffee coupled with an increase in the number of tea growers the lower adverzare will occur within a year Also, we could check for it at 12.600
