1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cloud [144]
2 years ago
10

As a consumer, why is it good for us when a store has a surplus of an item we want?

Business
2 answers:
klemol [59]2 years ago
4 0

Answer:

A lower consumer surplus leads to higher producer surplus and greater inequality. Consumer surplus enables consumers to purchase a wider choice of goods.

AVprozaik [17]2 years ago
3 0

Answer:

Usually prices are lower when you have a surplus amount of an item. However, if there was a low amount of one item the price would be extremely high and competitive. Hope that helps!!!

Explanation:

You might be interested in
Which financial statement would best display a company's plant, property, and equipmnt used everyday
yuradex [85]

Answer:

Balance sheet

Explanation:

Balance sheet is referred to as the statement of assets and liabilities. Property plant and equipment are shown in balance sheet with a schedule of addition, deletion and depreciation is attached to it. Hence, the financial statement that would best display a company's plant, property and equipment used everyday is the Balance sheet.

4 0
3 years ago
What divergences arise between equilibrium and output and efficient output when(10) a) negative externalities and b) positive ex
Ket [755]

Answer:

Production or consumption activities lead to an external cost for the third party, which causes the social marginal cost to exceed the private marginal cost. Consumers and producers base their decisions on private marginal cost and there would be an overproduction or excessive consumption of the good. The balance output is more than the efficient output.

Taxes must be imposed to correct the divergence between social and private marginal costs.

On the other hand, production or consumption leads to an external benefit for the third party, which means that the marginal social benefit exceeds the private marginal benefit. Consumers and producers base their decision on private marginal benefit and there would be underproduction or low consumption of the good. The balance output is less than the efficient output. The government would have to provide subsidies to producers or consumers to correct these inefficiencies.

8 0
3 years ago
Behavioral economists attribute some consumer behavior to the endowment effect. Which of the following is an example of the endo
Andrews [41]

Answer:

B. being unwilling to sell a vase for a price that is greater than the price you would be willing to pay to buy the vase if you​ didn't already own it

Explanation:

7 0
3 years ago
Wesimann Co. issued 15-year bonds a year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments and have a par
brilliants [131]

Answer:

$1,161.46

Explanation:

In order to determine the current bond price we can use an excel spreadsheet and the present value formula: =PV(Rate,Nper,PMT,FV)

where:

  • Nper = 14 x 2 = 28 (15 year bond issued 1 year ago = 14 years)
  • Rate = 5.8% / 2 = 2.9% (semiannual payments)
  • PMT = ($1,000 x 7.5%) / 2 = $37.50
  •  FV = $1,000 (face value of bonds)
  • PV = ?  

Current price =PV(Rate,Nper,PMT,FV) =PV(2.9%,28,37.50,1000) = $1,161.46

7 0
3 years ago
A company is concerned about the number of customers that have to wait for service in their customer service department. Assume
uysha [10]

Answer:

E) None of these

Explanation:

Calculation to determine which of the following is the mean time between arrivals

Using this formula

Mean time between arrivals = 1/Arrival rate

Let plug in the formula

Mean time between arrivals= 1/12

Mean time between arrivals= 0.0833 hours or 5 minutes

Therefore the Mean time between arrivals will be 0.0833 hours or 5 minutes

4 0
3 years ago
Other questions:
  • A machine costs $600000 and is expected to yield an after tax net income of $23000 each year. Managment predicts this machine ha
    9·1 answer
  • The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,
    5·1 answer
  • The English publisher of a book called Cambridge gave a New York publisher permission to sell that book any place in the world e
    8·1 answer
  • _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced
    7·1 answer
  • Aguilar Company is a priceminus−taker and uses target pricing. Refer to the following​ information: Production volume 601 comma
    13·1 answer
  • Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. What is the historical cost of the equipment?
    5·1 answer
  • Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per
    9·1 answer
  • If a company's gross profit turns out to be higher than it had expected, the gross profit method of estimating inventory will ha
    13·1 answer
  • In which strategy does the acquiring company impose its culture and business practices on the acquired organization?
    14·1 answer
  • The strategies an organization develops to provide value to the customers it serves is called:____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!