The total economic surplus is the sum of the consumer surplus and the producer surplus. In a Quantity versus Price curve, the total economic surplus is represented by the area above the supply curve and below the market equilibrium price.
Answer:
By having a ling term relationship with the supplier has good and bad effects on buying behavior. I say this because it is a mass struggle for up in coming business entrepreneurs to be able to build long term supplier relationships which makes a lot of businesses end up failing. On the other hand for business that are already pretty established this is a benefit because they do not have to sorry about the suppliers side of bailing out and costing the business a lot of money.
Explanation:
Answer:
1.Owners are not agents of the corporation- True Managers and directors are the agents of the owners of the corporation. What owners do is not always on behalf of the corporation.
2. It is a separate legal entity.- True Corporate enjoy separate existence. Their assets and liabilities are different from that of their owners.
3. It has a limited life.- False Corporations have unlimite life. They continue to function even after the death of their owners.
4. Capital is more easily accumulated than with most other forms of organization.- True If a corporation needs capital, it cal raise money by issuing shares in the open market. People invest if the prospects are good and the company can gather more funds whenever required. It is also easier for a corporation to acquire loans.
5. Corporate income that is distributed to shareholders is usually taxed twice- True First the Income of the company is taxed which in a way..
Answer: Detailed risk analysis
Explanation: All economist tend to access life and challenges by taking a critical look at the risks involved and possible ways of solving the challenges.
An example could be seen when setting up a business, the typical economist would analyse the risk associated with the business and possibility of the business failing or succeeding.
