I would say b or c because I learned that economics is the making and distributing of good and services. If i was answering i would pick c
Answer:
The answer is consumer's surplus
Explanation:
Consumer's surplus is the difference between what the consumer or buyer is willing to pay and the amount he or she eventually paid.
For example, Mr A is willing to pay $100 for a product and the producer is willing to sell for $90. After much negotiation between mr A and the seller, he eventually paid $85. What he paid was lower than what he was willing to pay before.
So the consumer surplus is $100 - $85 = $15
When supply increases, the supply curve shifts to the right.
<h3>What is the supply curve?</h3>
This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.
Hence this answers our question by saying that When supply increases, the supply curve shifts to the right.
Read more on supply curve here: brainly.com/question/11717727
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Answer:
$67,000
Explanation:
The total revenue will be income from the 300 rooms and that from 100 rooms
=(300 x $140) + ($100 x 250)
=$42,000 +$25,000
=$67,000
Answer:
True
Explanation:
A team of eight individuals from the same department who meet for a few hours each week to discuss ways of improving quality, efficiency, and the work environment are most likely a self-managed work team.
A self-managed work team is a self-organized, semi-autonomous <u>small group of employees whose members determine, plan, and manage their day-to-day activities and duties under reduced or no supervision.</u>
A self-managed work team can also be referred to as a self directed team or self-managed natural work team.
