Answer:
c. Exchange creates value by moving goods from parties who value them less to parties who value them more.
Explanation:
Exchange is described as the process of changing some goods for some other goods.
Exchange clearly provides you with the goods you value for, and in exchange for those goods you pay the goods you do not value.
This, results in adding value to the goods acquired by you, and adds value to the goods given by you for the person to whom it is exchanges.
As for example when a cloth is purchased by me for $100 then such adds the value to cloth and because it was worth less than $100 for the seller it has added value to the cloth.
............... total surplus INCREASES when the price of ethanol increases. When the supply curve for a product is upward sloping, it indicates that more of that product is been produced. Thus, in the question given more of corn is been produced, if the price of ethanol increases, then total surplus will also increase. Total surplus is the summation of the consumer and producer surplus.
The passage of the Piece of legislation helped in: Limitations of government expenditure.
<h3>What is Government Expenditure?</h3>
Government expenditure also known as government spending is the expense of government that covers consumption, their investments including all the transfer and statements.
These expenditure is always captured in the piece of legislations and are always there to guide the government. A number of things must be captured in the legislation and the government expenditure is on of them.
Learn more about Government Expenditure here:
brainly.com/question/3652550
Answer:
<u>customer type.</u>
Explanation:
Lockdown Industries sells products to different types of customers, it would be ideal to use a departmental marketing strategy for each type of potential customer. This would benefit from directing strategic communication that is essential for retaining each type of customer the company has, facilitating the optimal approach, retention and capture of new customers.
Answer:
Benefits to Firms
It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.
Explanation:
i just looked it up so hope it helps ;)
