Answer:
A. the labor system would be as close to slavery as possible, thereby assuring high productivity.
Explanation:
The Reconstruction - era of northern version was clearly impacted on Slavery.
As the main objective of such reconstruction was to remove slavery at maximum. And with the end of such reconstruction era there was an end to slavery.
Accordingly, new constitutional rights to people earlier under slavery were provided.
Now, therefore, statement a in the given instance which provides for close relation between labor system and slavery is incorrect.
Incorrect Statement is:
A. the labor system would be as close to slavery as possible, thereby assuring high productivity.
Answer:
Alice's consumer surplus = $5
Jeff's consumer surplus = $16
Nicole's producer surplus = $1
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the price of a good and the least price the producer is willing to accept
Producer surplus = price of the good - least price the producer is willing to accept
Alice's consumer surplus = $30 - ($35 - $10) = $5
Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16
Nicole's producer surplus = $501 - $500 = $1
Answer:
Rise
Explanation:
A monopoly is defined as a market situation where only one seller determines the supply and price of a product, because they are the only ones that produce it.
When forms make technological advancements, they are able to make processes cheaper. So there is more money saved that can be used to increase production.
In this scenario for every product manufactured there is a $40 saved. This excess cash can be put back into the production to increase the output and profit.
The answer is letter B.
American leaders in the US wanted to establish a stable banking system in order to promote international trade and economic growth. This idea came to be when America experienced the great depression, where its economy experienced a decline after the War.
