<span>The extra $2 that she made beyond the $5 she was willing to sell her T-shirts for represents producer surplus. Producer surplus is defined as the difference between the amount of money the producer is willing to supply versus the amount actually supplied. Because she was willing to sell for $5 but sold for $7 and had an increase in money supplied, this example is one of producer surplus. </span>
Answer:
Sales Promotion Strategy
Explanation:
Sales Promotion Strategy is the strategy which is followed by the firms or the organization where the firms or the organization tries to encourage the potential buyers or the customers in order to buy or purchase a specific product or the service through offering the special discount or the incentive.
This will boost the short term sales so that could attract the new customers or repeat the purchases.
The answer to this question is the letter "B" which is "Contribution Margin". The contribution margin per unit is defined as the remainder of unit per over the variable cost and it is also the dollar amount unit that provides covering or layering the fixed costs and then finally providing for the operating income.
Answer:
The computed mean is not close to the actual mean because the difference between the means is more than 5%.
Explanation:
Mean in statistics is the average used to get the central tendency of the data in the problem. This is the actual mean that we get by adding all the data points of a population and the dividing it is using the total. The computed mean is a guess or assumption of the actual mean, and it can be close to the actual mean or not.
