The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.
<h3>What is producer surplus?</h3>
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production
Producer surplus = price – cost of proeuction
$10 - $1 = $9
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<span>market equilibrium wage for entry-level fast-food workers = $10 per hour
</span><span>minimum wage = $8 per hour
</span><span>impact does the minimum wage have in this industry = ?
</span>whatever the minimum wage will be, it will have no effect on this market. <span>The condition when labor </span>market<span> is in </span>equilibrium<span> is when supply equals demand.</span>
Answer:
"While budgeted costs refer to the cost, at standard, for the total number of budgeted units. "
Explanation:
The first sentence would be the correct one
The budget consist of get the revenues and costs for the business using the standard measurement for one unit.
Please be more clear in future questions, thank you =)
Answer:
Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
Answer:
gradual dehumanizing effect in which we lose sight of people's personalities and humor.
Explanation:
The downside of increased reliance on technology in the workplace includes <em><u>gradual dehumanizing effect in which we lose sight of people's personalities and humor</u></em>.
Surely technological advancements in the work place help the employees a lot in making their work easier and faster. However this also makes them dependent on technology. Resulting in a dehumanizing effect where the worker's ability and hard work is not seen by other people.
