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ioda
3 years ago
12

"The minimum acceptable price for a product that producer Sam is willing to receive is $15. The price he could get for the produ

ct in the market is $18. How much is Sam's producer surplus?"
Business
1 answer:
mars1129 [50]3 years ago
7 0

Answer:

Sam's producer surplus is $3

Explanation:

A producer surplus is the difference between the amount a producer is willing to sell a product for and the price of the product in the market that consumers are willing to pay if the consumer price is higher.

Mathematically, it is represented as; market price - willing price

= 18 - 15 = $3.

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A labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. A capital-intensive (automated) pro
sertanlavr [38]

Answer:

the 17,941 units should be produced and sold

Explanation:

The computation of the number of units that should be generated and sold is shown below:

Let us assume the number of units be n

Now as we know that

Total labor cost = variable cost + fixed cost

So the equations are

For labor intensive = $33,8000 + 143 n

And

For capital intensive = $1,244,000 + $92.5n

It could be written as

$1,244,000 + $92.5 n  <  $338,000 + $143 n

After solving it

n> 906,000÷ 50.5

n>17941

And,

$1,244,000 + $92.5 n < 197 n

After solving it

n>$1,244,000 ÷ 104.5

n>11,904

So the highest is 17,941

Therefore the 17,941 units should be produced and sold

4 0
3 years ago
When loan payments are amortized, the total amount you owe every month​
Naddik [55]

Answer:

<em>Since amortization means the period repayment of a loan, with a specific amount going to the principal and interest payments, the amortization schedule amounts to a total fixed monthly payment of $836.03 over the life of the mortgage loan.</em>

Explanation:

8 0
3 years ago
Traditionally, business leaders have played a prominent role in the political culture in Texas. When thinking about the business
raketka [301]

Business interests are the business leaders and business concerns that influence Texas politics.

<h3>What is Business interests?</h3>

Business interest is the involvement of the family business, from which a person sees from the birth and has their personal interest in that. Business interest also drives from the parent's and cultural area where the Pearson has grown.

Thus, it is business interest.

For more details about business interest, click here:

brainly.com/question/18522850

#SPJ1

8 0
1 year ago
True or false: Networking uses technology, such as a company intranet, to link organizations and their suppliers to allow them t
Juli2301 [7.4K]

Answer: True

Explanation:

3 0
2 years ago
Marginal utility is the Group of answer choices total utility associated with the consumption of a certain number of units of a
Vitek1552 [10]

Answer:

change in total utility obtained by consuming an additional unit of a good

Explanation:

The utility is the level of satisfaction derived from the consumption of a good or service.  

Marginal utility obtained from the consumption of a good is the change in the total utility due to the consumption of an additional unit of that good.

The total utility from consuming a good is maximized when the marginal utility is zero.  

In order to maximize the total utility while consuming more than one good the marginal utility obtained from the last dollar spent on each product should be equal.

4 0
3 years ago
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