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lbvjy [14]
3 years ago
15

Producer surplus in a perfectly competitive industry is the same thing as revenue. the difference between profit at the profit-m

aximizing output and profit at the profit-minimizing output. the difference between revenue and fixed cost. the difference between revenue and variable cost. the difference between revenue and total cost.
Business
1 answer:
Damm [24]3 years ago
6 0

Answer:

the difference between revenue and variable cost

Explanation:

As we know that

Producer surplus is = Total Revenue - Total Variable Cost

So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive

Hence, the second last option is correct

And, the other options are wrong

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Answer:

The Kmart was held by the court not liable because David assumed the risks of sledding.

Explanation:

Negligent actions are those actions that come under the rubric of tort actions. To prove negligent actions against a person or a company, the plaintiff is required to prove four things in court– duty, breach, causation, and damages.

In the given case, the court will not be held Kmart liable because David (the consumer) was aware of the risks involved in the sledding. Therefore, the case of negligent actions is not applicable for Kmart.

5 0
3 years ago
tone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical UnitsPer
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Answer:

TOTAL 258,000

TOTAL 258,000

Explanation:

Calculation to reconcile the number of physical units Using the FIFO method

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PHYSICAL UNITS

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Therefore Using the FIFO method to reconcile the number of physical units will give us 258,000 and 258,000

4 0
3 years ago
Actual Static Budget Production 54,000 units 60,000 units Machine-hours 985 hours 1,800 hours Fixed overhead costs for September
Aleks04 [339]

Answer:

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5 0
4 years ago
A fee paid by a borrower to the lender for the use of borrowed money
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5 0
3 years ago
You just heard that a​ well-known manufacturer in a different industry segment is going to enter your market with a product that
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<span>You should make sure that everything on your side is in place to go against the new competition. You should be on the same page as your supplier to make sure your supplies are sent on time and complete. You should make sure your consumers are satisfied to prevent them from going to the new competition. Overall, your goal should be to maintain your consumers and suppliers.</span>
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3 years ago
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