Consumer and producer surplus measure the _____ benefit rather than the _____ benefit.

Answers

Answer 1

Consumer and producer surplus measure the net benefit rather than the total benefit.

What is consumer and producer surplus?

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

When consumer surplus is shown on the demand curve, it is a triangular area between the price of the good and the highest amount consumers are willing to pay for the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

When consumer surplus is added to producer surplus, the result is total surplus

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Related Questions

All of the following are typically classified as current liabilities except? returnable deposits. unearned revenues. undistributed stock dividends. current maturities of long-term debt.

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Undistributed stock dividends is not included in current liabilities although returnable deposits. unearned revenues and current maturities of long-term debt are best example of current liabilities .

What are Current Liabilities ?

A company's short-term financial commitments that are due in a year or within a current operating cycle are known as current liabilities. An organization's operating cycle, also known as the cash conversion, it is the period of time that required to buy inventory and turn that inventory into cash through sales. The amounts owed to suppliers in the form of accounts payable are indeed an illustration of a current liability.

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Because negative messages may cause anxiety for employees, it is usually best to begin with negative messages first, and then end with neutral messages. group of answer choices
a. true
b. false

Answers

The statement is false.

The indirect strategy involves delivering terrible news first, followed by a supportive comment, and then the bad news itself. A remark meant to soften the blow of unpleasant news is known as a buffer statement. It can provide some encouraging news or a carefully worded warning. The message should include reasonable justifications for the bad news after a buffer statement. The bad news should then be relayed as diplomatically as possible. Try to finish by having a constructive conversation.

The second strategy is to use a direct method to convey unfavorable sentiments. When the communication's recipient is receptive to the news, this strategy performs well. It can also be applied if the person anticipates a poor outcome.

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An economy in which the who, what, and how questions are answered by a combination of government direction and cultural norms and individual buyers and sellers is _____?

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A traditional economy entails a system in which individual buyers and sellers, along with government direction or policies and cultural normative practices, answer the who, what, and how questions.

Traditional refers to a way of doing things that heavily relies on lifestyle, culture, norms, and traditions in order to separate the production and consumption of goods and services.

Like other forms of economy, traditional economy must attempt to address these three (3) crucial questions:

Who makes use of or consumes the products and services?What products and services ought to be created?How ought these products and services to be made?

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True or false: it is generally the case that indifference curves have the same shape across all consumers.

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The statement " it is generally the case that indifference curves have the same shape across all consumers." is False

This is further explained below.

What is the shape?

Generally, In a contrast to other attributes such as color, texture, or kind of material, a shape or figure is a graphical depiction of an object's exterior border, outline, or external surface.

Shapes and figures may also be used interchangeably. In contrast to solid 3D objects, plane figures and plane shapes are required to flatten out on a plane in order to exist.

In conclusion, False: "it is typically the case that indifference curves have the same form across all customers." This statement is not true.

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If a resident can bear weight, but are not able to stand due to balance, the cna would use?

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A wooden board, also known as a transfer board, is used to move patients who are unable to bear weight on their leg if they can carry weight but are unable to stand owing to balance issues.

What purpose does a transfer board serve?

Common names for a flat, rigid board composed of wood or plastic are transfer board and sliding board. Its function is to fill the space between two surfaces.

What is the best method for transferring a patient who is unable to walk?

Because their knees are blocked when standing, a sit-to-stand is also one of the safest methods for transferring a patient. If they do lose their equilibrium, they normally get back to where they were sitting in bed. Any patient who merely wants a little extra lift should choose it.

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A developer has approvals to start construction on a subdivision with 19 lots. what type of exemption means he probably won't have to provide disclosure reports to the government or buyers?

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A full statutory exemption means he probably won't have to provide disclosure reports to the government or buyers.

laws and rules governing lead

Several laws pertaining to lead have been passed by Congress. These regulations cover lead in air, water, paint, dust, and soil, as well as lead waste disposal. In accordance with these rules, EPA is addressing lead contamination and the problems it causes in a variety of ways, including by developing and implementing regulations. In order to assist the regulated community in complying with the regulations, EPA also provides policy and guidance publications.

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_______ help managers with the skills required to accomplish a specific kind of work.

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Technical skills help managers with the skills required to accomplish a specific kind of work.

Who is a manager?

A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, skillful, well behaved and promoting the business's vison, culture, and values at all times.

What are technical skills?

Technical skills can be defined as a series of specialized knowledge, professionalism, and expertise that are required to perform or accomplish a specific kind of task and work, including the use specific tools and software applications in real world situations.

In this context, we can reasonably infer and logically deduce that technical skills help managers with the skills required to accomplish a specific kind of work.

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The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as?

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The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as Auditing procedures.

Who is an auditor?

The banking statements of organizations are examined by accountants to make absolutely sure them are accurate and legal. This can be a person or a group.

Audit team look over the accounting data of businesses and other organizations to make sure they are accurate and compliant with both the legislation.

The auditor for the person who has the specific engagement is called an auditing procedure. In this the person evaluate the chances and the evidence which is being presented, it can be in an electronic form as well as in a hard copy. He evaluates every aspect and then that decision is called an auditing procedure

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List the activities in the value chain in the order they occur for a cookie retailer, with the first activity on top.

Answers

This is the correct order :- 1) Acquire raw materials 2) Baking 3) Sales 4) Service.

What Is a Retailer?

Retail is the practice of purchasers purchasing products and selling them directly to consumers, as opposed to suppliers or wholesalers. The retailers act as a liaison between wholesalers and clients. They buy products from the wholesaler and sell them in tiny quantities to the final clients. Retailers have the opportunity to produce and create more sustainable products since they offer a wide range of products and are in constant contact with a significant network of suppliers.

A retailer is the final link in the supply chain and the one that connects and distributes the goods and services directly to the customers; however, they do not create any of the products they sell.

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A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a(n) ______ mortgage.

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A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a graduated-payment mortgage.

         A graduated payment mortgage starts with a lower payment and then slowly grows. Mostly the mortgage interest will grow between 7% to 12% annually. This is done till the full payment is not reached. So this is a type of loan that offers lower payments early which will increase over time. The purpose of this type of mortgage is that it allows homeowners to start by paying lower payments.

       As it starts with paying by paying lower payments the people who found it difficult to pay the initial loan installments now can take the loan. So this type of loan is ideal for young and first-time home buyers. The total costs for the life of a GPM loan will be greater than that of a standard loan. Graduated payment mortgages are only available on loans that are taken from Federal Housing Administration (FHA).

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Which insurance company department determines the probability of loss and sets the premium rates?
a. sales
b. claims
c. actuarial
d. underwri

Answers

Actuarial  department of Life insurance determines the probability of loss and sets the premium rates.

What is the actuarial department in insurance?

An insurance actuary deducts financial risk. They use mathematical, statistical, and financial modeling to analyse  the chances that something may occur. Their analysis helps insurance companies frame  insurance policies and programmes.

Why do insurance companies use actuaries?

“The use of the Actuary role is to ensure that the board has access to expert and impartial actuarial advice and revise , to assist with the sound and adequate  management of an insurer and that the insurer gives accurate consideration to the protection of policyholder interests.

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When choosing which bidder wins the award of a new competitive bid municipal issue, the deciding factor is the:_______
a. coupon rate
b. net interest cost
c. premium
d. reoffering scale

Answers

The correct answer is net interest cost.

Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.

What is underwriting a competitive bid?

Bidding wars or a sale reached through negotiations. In a competitive underwriting, a new bond issuance is sold at public auction to the underwriter or syndicate of underwriters who make the best offer based on predefined criteria, often the lowest net interest cost (NIC).

What kinds of competitive bids exist?

The Request for Quotation (RFQ), Request for Proposal (RFP), and Request for Qualifications (RQFL) are the three formal competitive bidding procedures that have been shown to be the most successful.

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Custodial accounts can be opened as? a a cash account only b margin account only c either a cash or margin account d either a joint cash or margin account

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Custodial accounts can be opened as a cash account only.

Custodial accounts are savings account which are set up and administered by an adult for a minor. So the custodial accounts tend to have enormous flexibility with no income, withdrawal penalties or contribution limits.

A custodial account is a financial account which parents manage in their child's name. A custodial account is then irrevocably passed to the child when they become the adults. Custodial accounts have to be opened as a cash account only.

Thus, the custodian of the account controls that how money in the account is spent and invested.

Hence, option A is correct.

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The nation of alpha does not take seriously the gathering and publishing of its economic statistics. this creates?

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The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

What is meant by Business Forecasts?

Business forecasting is the process of predicting future market circumstances by analyzing historical data using business intelligence tools and forecasting techniques. Forecasting in business can be qualitative or quantitative. The process of predicting changes in a firm, such as sales, expenses, profits, and losses, is known as business forecasting.

Business forecasting aims to create better plans based on these knowledgeable projections, assisting in the prevention of probable failure or losses. The gathering, processing, compilation, dissemination, and analysis of economic data are the topics of applied statistics and applied economics. It has a close connection to econometrics and business statistics.

Hence, The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

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After identifying a gap in the soft drinks market, jerome developed a low sugar drink. he borrowed $5000 from family and friends to start up a business and to provide working capital. jerome operates as a sole trader. to promote his product, jerome handed out free samples in town centre. in the first year, jerome's business sold 10000 units. this is 200 units more than his break even output. jerome is considering ways to increase added value. outline two ways that break even information can help jerome's business?

Answers

Jerome can use break-even analysis to calculate the amount of income or the number of items needed for the business to become profitable.

Break-even analysis can be used by Jerome since it will assist him to increase added value while preventing costs from drastically shifting.

The point at which total revenue and total cost are equal is known as the break-even point. The amount of income or the number of units required to pay all of your company's costs is determined by a break-even study. You won't be making or losing money at break-even, but all of your business's expenses will have been paid.

When your business, service, or product will begin to earn a profit, you may predict it using a financial tool called a break-even analysis. It is a mathematical formula used to calculate how many goods or services a business must sell to cover costs, particularly fixed costs.

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When evaluating eyewitness testimony, the investigator must discriminate between fact and?

Answers

When evaluating eyewitness testimony, the investigator must discriminate between fact and opinions.

What is testimony?

In the law, testimony is a sort of evidence that is gathered from a witness who makes a serious statement or declaration of fact. Written or spoken testimony is typically given under oath or affirmation under penalty of perjury. Written testimony is typically seen by one or more people who swear or acknowledge its authenticity, also under penalty of perjury, in order to be acceptable in court and for maximum trustworthiness and validity.

Evaluation of the any testimony follows the evidence given. The examiner attempts to piece together the events (facts) of the crime into a logical pattern following the witness examination. They then decide whether or not this pattern of events is supported by the evidence and the witness testimony.

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Routine purchases may only require ______ information search, whereas one-time high expense purchases require more ______ information search time.

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Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.

What is Routine purchases?

The  routine purchases are one that people make to seek for  little decision-making, however this purchases are made with “programmed behavior.

Hence , Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.

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Ceo khosrowshahi believes that uber employees should act like owners and share power with managers. Which theorist would most strongly agree with this approach?.

Answers

Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach.

Check more about power below.

What is power sharing?

The term Sharing power is known to be a term that connote the act or way that people tend to influence, learn from, and work with  people in a relationships or business settings.

Note that based on the case above, Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach because of what it stands for.

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If you focus on managing the production and delivery of your organization’s products or services more effectively, you are managing its.

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Managing production and delivery of an organization's goods or services more efficiently is the main goal of operations management.

The required details for Managing production in given paragraph

How does managing production work?

Production management, usually referred to as operations management, involves the planning and oversight of industrial processes to guarantee that they proceed smoothly and at the necessary level. Both the service sector and the manufacturing sector use production management techniques.

What significance does production have?

One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be no final goods produced and nothing to sell to clients.

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What are the benefits of budgets in rapidly growing companies such as axonify? does axonify use its budget primarily for planning or for control purposes?

Answers

It will assist with duty and accountability. Investment making plans and manipulate your money. 1. offers a better photograph on the economic fame for the upcoming duration · 2. allows decide How a whole lot price range need every day be allocated.

A budget helps create monetary balance. By monitoring prices and following a plan, a budget makes it less difficult everyday pay bills on time, build an emergency fund, and shop for most important charges along with a car or domestic. Average, a finances places someone on stronger economic footing for each the  and the long term. It allows you to oversee and higher understand whether your business has enough sales (incoming cash) everyday pay its fees. It permits you to supervise and higher understand whether your enterprise has sufficient sales (incoming money) daily pay its prices. using a finances daily make extra informed financial selections. In brief, budgeting is important because it facilitates you manage your spending, track your prices, and store more money. additionally, budgeting daily make better monetary decisions, daily for emergencies, get out of debt, and stay focused in your long-term financial goals.

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Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes? multiple choice microeconomics marginal economics macroeconomics monetary economics

Answers

Answer to the question is microeconomics.

Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.

What is the difference between macroeconomics vs microeconomics?

Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.

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The formula to calculate the amount of manufacturing overhead to allocate to jobs is:______

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Predetermined overhead rate multiplied by the actual amount of the allocation base used by the particular work is the formula used to determine how much manufacturing overhead should be allocated to jobs.

You must total up all indirect costs associated to the manufacturing of a product in order to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance to machines, indirect materials and labor, and more. Manufacturing support costs or factory overheads are other names for manufacturing overhead. Manufacturing overhead costs do not include overhead charges like general administrative costs and marketing expenses.

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When a company borrows from a bank by signing a formal agreement, an asset titled cash is increased and a titled is increased.

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When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

What do we mean by debt?Debt is anything that one person owes another. Debt can be in the form of real estate, money, services, or other consideration. Debt is more strictly defined in finance as money raised through the issuance of bonds. A loan is a type of debt, but it is also an agreement in which one group lends money to another. We borrow money when we go into debt. When a business borrows from a bank and signs a formal agreement, an asset called cash and a liability called notes payable is both increased. Debt is anything that one party owes another. Credit card debt, car loans, and mortgages are all examples of debt.

Therefore, when a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

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The complete question is given below
When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a _____ titled ______ _______ is increased.

A customer wishes to buy $2,000 worth of call options as the initial transaction in a new margin account. the customer must deposit? a $1,000 b $2,000 c $2,500 d $3,000

Answers

A customer wants to make the initial transaction in a new margin account by purchasing call options at $2,000 worth. The client must make a $3,000 deposit.

So, option d) $3000 is the correct answer. this amounts will be deposited in the new margin account.

A typical contract to buy using a call option or sell (using a put option) a certain number of a particular financial instrument on, or before, a specified date for a specified price is known as an exchange-traded option (the strike price).

option contracts cannot be margined; instead, they must be fully paid for. Exchange-traded derivatives fall under the category of "listed options," also known as "exchange-traded options." Standardized contracts and clearing house settlement are features of exchange-traded options, and the Options Clearing Corporation guarantees fulfillment (OCC). A standardized derivative contract that is traded on an exchange, settles through a clearinghouse, and is guaranteed is known as an exchange-traded option.

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Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of __________.

Answers

The extensive use of BRIBERY indicates that opponents of globalization claim that globalization has resulted in widespread government corruption.

Bribery is the unlawful offering, malicious giving, covert receipt, or improperly motivated soliciting of anything of value with the intention of influencing the actions of someone who has legal or public authority.

The argument made by those who oppose globalization is that freer trade and investment allow multinational corporations to relocate factories from high-wage developed countries to low-wage underdeveloped countries, where governments are more likely to be corrupt and eager to sell off their resources to foreign nations.

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To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a court would likely review this ordinance under the principles of:____________

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To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

What is principle equal protection?

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

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Porter's competitive forces model identifies ________ major forces that can endanger or enhance a company's position in a given industry.

Answers

The correct answer is 5.

Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.

What are the five competitive forces identified by Porter?

Porter identifies five factors as the main sources of competitive pressure within an industry. They are as follows:

a) rivalry in a healthy way.

b) supplier strength.

c) consumer power

d) threat of replacement

e) a potential new entry.

What is the operation of Porter's competitive force model?

These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods. Business strategy may be guided by a Five Forces analysis to boost competitive advantage.

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After diocletian, a true money economy would not return to continental europe until?

Answers

After diocletian, a true money economy would not return to continental europe until 1Oth century.

   The Crisis of the Third Century came to an end under Diocletian's rule, stabilizing the empire.

    Diocletian created the largest and most bureaucratic government in the empire's history by separating and expanding the civil and military services as well as the provincial divisions. As opposed to the customary capital at Rome, he erected new administrative centers in Nicomedia, Mediolanum, Sirmium, and Trevorum. He fashioned himself as an autocrat, elevating himself above the common people of the empire with imposing forms of court ceremonial and architecture, building on movements toward absolutism from the third century. The state's expenses soared due to the expansion of the bureaucracy and military, ongoing elections, and construction projects, necessitating a thorough tax overhaul. Imperial taxation was standardized, made more fair, and generally imposed at higher rates starting at least in 297.

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Understanding how income is distributed within and across populations informs firms of different groups':_____.
a. social class.
b. disposable income.
c. purchasing power.

Answers

Understanding how income is distributed within and across populations informs firms of different groups purchasing power.

This is further explained below.

What is purchasing power.?

Generally, The buying power of a certain currency is defined as the number of goods and services that can be acquired by spending a specific amount of that money.

For illustration purposes, in the 1950s, if one went to a store with one unit of cash, they would have been able to buy whatever was on the shelf.

Income: money that is earned, often on a regular basis, as a direct or indirect consequence of one's job or investing activities.

In conclusion, Firms need to have an understanding of the distribution of income both within populations and between populations in order to determine the buying power of various groups.

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Periodic cash flows that decrease by a fixed amount every subsequent period are known as ___________
a. gradient cash flows
b. arithmetic
c. geometric

Answers

Periodic cash flows that decrease by a fixed amount every subsequent period are known as arithmetic gradient cash flows.

What is meant by arithmetic gradient cash flows?

A cash flow that fluctuates (increases or lowers) by the same amount during each cash flow period is known as an arithmetic gradient cash flow. This is an arithmetic gradient cash flow series with the gradient, G, equal to $100, for instance, if the cash flow in period 1 is $800 and in period 2 it is $900, with amounts rising by $100 in each succeeding month.

P = G (P/G, i,n) is the standard factor notation equation for the present value of an arithmetic gradient cash flow. This equation determines the present value of only the gradient (i.e., the $100 increases in the example above), not the initial sum of money (i.e., the $800 in the case above), upon which the gradient was constructed.

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Other Questions
Read the sentence.The cat who lives in the barn helps to control the rodent population.Which word best replaces cat in the sentence?mouserkittyfelinetabby True or False:______1. The number of decimal numbers in the product is based on the number of decimal numbers of the factors.______2. In multiplying with 0.001, move the decimal point to the right 3 times.______3. Multiplying decimal is almost the same as multiplying whole numbers. ______4. In 3.41 x 1,000, the product is 3,410.______5. The product of 16.23 and 17.4 is 282.402. A new car is priced at 7500.In a sale it is reduced by 20%.Calculate the reduction in price. It is cheaper to produce corn in kansas than in death valley, california because corn needs a lot of water and moderate temperatures. this statement best represents this economic concept:______. Select the correct order of changes that occur in the air tract when the diaphragm contracts :______. Which of these is a valid byte? check all that apply. 1 point 11011011 10022011 11100 00000000 2. Points j,k,and l lie on the same line, and point k is between j and l. todd contructs sv with the same lenght as jl then he draws point t on sv so that st is the same length as st is the same length as jk To solve this problem, which should you do first? (Check all that apply)Group of answer choicesSubtract 0.8 - 1/10Change 40.8 to 40 8/10Subtract 40 - 14Change 14 1/10 to 14.1PLEASE HELPPP Why did the founders include the supremacy clause? 1.What effect did dividing government into three branches have on the country?AIt kept any one branch of government from having too much power.BIt kept large states from having more power than small states.CIt helped each branch of government work toward common goals.DIt helped judges write better laws for the whole country. Efforts to create a more accurate crime database than the ucr led to creation of the? A nurse is planning care for an adolescent client who is 12 weeks' gestation. the nurse will monitor this client closely for the development of which complication during this stage of the pregnancy? Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of ______. You insert a dielectric into an air-filled capacitor. How does this affect the energy stored in the capacitor?. What evidence suggests that law enforcement personnel perform their role in a discriminatory manner? select all that apply. How many years would it take to reach the planet saturn if you traveled with the speed of boeing 747 which is 570 miles per hour? In a sample of 10,000 observations from a normal population, how many would you expect to lie beyond three standard deviations of the mean? Group of answer choices About 100 About 127 None of them About 27 Because casey can type reports faster and more accurately than ahmet, casey has ________ in typing reports. You want to put a 2 inch thick layer of topsoil for a new 25 ft by 34 ft garden. The dirt store sells by the cubic yards. How many cubic yards will you need to order? The store only sells in increments of 1/4 cubic yards. im a little confused on how this would be solved. you and your friend drive towards eachother. the equation 50h=190-45h represents the number of hours until you and your friend meet. when will you meet?