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Sedbober [7]
3 years ago
8

A market surplus occurs when: People cannot buy the amount of goods and services that they are willing and able to buy.

Business
1 answer:
Inga [223]3 years ago
3 0

Answer: b. The quantity supplied exceeds the quantity demanded at a given price.

Explanation:

A market surplus is a situation where suppliers have supplied to the market, more goods than the demand can take at a given price.

This will lead to the suppliers having unsold goods and they will respond by reducing their prices so that they may be able to sell because the law of demand shows that when prices reduce for normal goods, quantity demanded increases.

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What is the taxable amount of social security income reported on the tax return if a single taxpayer's income included only $9,4
maw [93]

Answer:

$0

Explanation:

If an individual's total income (including Social security benefits + all other types of income) is less than $25,000, or $32,000 for married couples, then he/she will not have to pay any taxes on their Social Security benefits. Only if total income is higher than the current thresholds, should Social Security benefits be taxed. Depending of the individual's total income, between 50-85% of Social Security benefits must be taxed at the individual's tax bracket.

6 0
3 years ago
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
Discuss any 5 measures introduced by the government to fight poverty in south Africa​
Sergeeva-Olga [200]

Answer:

<h3>⭐Programmes that will lessen poverty in the long term include: education and capacity development, land redistribution, promoting economic development and job creation, building houses, providing water, sanitation and electricity, and building schools and clinics.</h3>
5 0
3 years ago
The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
Papessa [141]

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

4 0
3 years ago
Farmers rotate their crops between corn and soybean to increase crop yields. This behavior exhibits a. ​Economies of scale b. ​D
Anit [1.1K]

Answer:

c. ​Economies of scope

Explanation:

In business, economies of scope refers to producing more than one product or service because you can earn higher profits by diversifying your production. The cost of producing these products together or one after another is lower or yields more benefits than producing them separately.

In agriculture economies of scope refers to producing as many different crops  as you can on the same fields. In the case of soybean and corn (or wheat), the crops are rotated because each crop required different nutrients from the soil.

8 0
3 years ago
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