These are examples of D. documentation
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The two situations with the highest total surplus are :
Surplus is defined as an amount of something that has been left over, when all the requirements of a person have been met.
1. Jay buys a house for $40,000 less than he was willing to pay. he bought his home from sellers who received $2,000 more than they were willing to sell for.
4. Kevin wanted to spend $50 on a dishwasher and bought one at $45 from a producer who was hoping to receive $40.
Answer:
market segment
Explanation:
A market segment is a group of people in a homogeneous market who share common marketable characteristics.
Answer:
whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit
Explanation:
A duopoly occurs when only two sellers in a market control the supply and price of a product.
World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.
They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.
Them they can both raise the price of titanium wire in order to make more economic profit.
If the price level rose from 131 to 157 but economic output remained the same, real GDP would increase.
The price level has increased and the output is constant then the nominal GDP would increase.
- The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished products and services produced (and marketed) inside a nation within a specific time period (typically 1 year). Purpose. GDP stands for "Gross Domestic Product" and reflects the total monetary worth of all finished products and services produced (and sold on the market) inside a nation during a specific period of time. GDP is the most often used indicator of economic activity (typically 1 year). Purpose. The most often used indicator of economic activity is the GDP.
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