A tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.
<h3>Why will product cost more?</h3>
A product can cost more when the demand for the product is high thus increasing the price of the product.
A product can cost more if the cost of production is higher than any other products.
Therefore, tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.
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Answer:
The answer is $2000.
Explanation:
Total surplus = Consumer surplus + Producer surplus
= [ 0.5 (50-0) x ( 90 -45)] + [ 0.5(50-0) x (45 - 10)]
= [ 0.5 x 50 x 45] + [ 0.5 x 50 x 35]
= 1125 + 875
Total Surplus = $2000.
Answer:
5,745 units
Explanation:
As we know that
Number of units produced = Estimated units sold + ending inventory units - beginning inventory units
= 5,700 units + 900 units - 855 units
= 5,745 units
We simply added the ending inventory units and deduct the beginning inventory units to the Estimated units sold so that the number of units produced could come.
<span>The velocity of money is not the money supply divided by nominal gdp, nor the long-term growth rate of the money supply. It is not the rate at which the fed puts money in the economy but it is the average number of times per year a unit of money (dollar) is spent. </span>