BUSINESS HIGH SCHOOL

Which of the following statements is true? Producer surplus measures the total benefit received by producers from participating in a market.
When a market is in equilibrium consumer surplus equals producer surplus.
Consumer surplus measures the net benefit from participating in a market.
Consumer surplus measures the total benefit from participating in a market.

Answers

Answer 1
Answer:

Answer:

Consumer surplus measures the net benefit from participating in a market

Explanation:
Answer 2
Answer:

Final answer:

The statement 'Producer surplus measures the total benefit received by producers from participating in a market' is correct. Producer surplus represents the benefit producers achieve in a market, whereas consumer surplus represents the benefit buyers achieve, but it doesn't necessarily equal the producer surplus in market equilibrium.

Explanation:

Looking at all four statements, the one that is true is Producer surplus measures the total benefit received by producers from participating in a market.

Producer surplus is the difference between the lowest price a producer would be willing to accept for a good or service and the actual price they receive. It is a measure of the benefits producers receive from selling at a market price higher than the lowest price they would be prepared to sell at.

Consumer surplus, on the other hand, measures the benefit buyers receive from buying a good or service for a price lower than the highest they would be prepared to pay. It should not, however, be confused with the total benefit from participating in the market.

Furthermore, it's not necessarily true that consumer surplus equals producer surplus when a market is in equilibrium. The relationship between the two in equilibrium depends on a variety of factors including the shapes of the supply and demand curves, and the distribution of costs and benefits among buyers and sellers.

Learn more about Producer Surplus here:

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Answers

The finance career cluster helps the people to prepare on how to land jobs relating to banking, investment planning and insurance. The other jobs pertain to science and the environment and it is obvious that the answer is Tax Examiner by simply looking at the name itself. Tax examiners deal with tax returns filed by individuals and businesses. If someone is looking for a government job within the accounting or finance industry they might be considering this.

Answer:

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Explanation:

cus i said so

Which of the following is NOT shown on a production possibilities curve? A. all of the goods and services an economy has the ability to produce B. the efficiency of an economy C. whether an economy has grown or shrunk D. the opportunity cost of a decision to produce more of one good or service

Answers

I think the correct answer from the choices listed above is option B. The efficiency of an economy is not  shown on a production possibilities curve. The production possibilities curve assumes that all inputs are used efficiently. Hope this answers the question.

A place where people exchange goods and services is called a _____.competitor
market
value

Answers

            Aplace where people exchange goods and sevices isa called a market.
An actual or place where forces of demandand supply operate, and where buyers and sellers interact totrade goods, services, or contracts or instruments, for money or barter. Marketsinclude mechanisms or means for, determining price of the traded item, communicatingthe price information, facilitating deals and transactions, anddistribution. The market for a particular item  is made up of existing andpotential customers who need it and havethe ability and willingness to pay for it.

This answer to this question is Market.

Which of the following types of business ownership has the highest personal liability risk? A. A partnership

B. A sole proprietorship

C. AC corporation

D. An LLC

Please select the best answer from the choices provided.

​

Answers

Answer:

I think A option is right

Answer:

B

Explanation:

Edge 2021

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P Q? P?Q
On a hot day, both the demand for lemondae and the supply of lemonade increase.
On a cold day, both the demand for ice cream and the supply of ice cream decrease.
When Hawaii’s Mt. Kilauea erupts violently, the demand on the part of tourists for sigtseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases.
In a hot area of Arizona where they generate a lot of their electicity with wind turbines, the demand for the electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster.

Answers

Here are the following scenarios of Demand and Supply changes that affects price and quantity.

If                                        Then
Demand Increases            Price and Quantity increases
Demand Decreases           Price and Quantity decreases
Supply Increases               Price decreases and Quantity increases
Supply Decreases             Price increases and Quantity decreases
Increase in Demand & Decrease in Supply          Price increases & Quantity is undetermined
Decrease in Demand & Increase in Supply          Price decreases & Quantity is undetermined
Demand & Supply Increases         Price is undetermined & Quantity increases
Demand & Supply Decreases        Price is undetermined & Quantity decreases

1) demand for lemonade and the supply of lemonade increase.
→ P? Q
Price is undetermined and quantity increases.

2) demand for ice cream and the supply of ice cream decrease. 
→ P? Q
Price is undetermined and quantity decreases

3) demand for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases. 
→ P Q?
Price increases and quantity is undetermined

4) demand for the electricity falls but at the same time, the amount of electricity supplied increases 
→ P Q?
Price decreases and quantity is undetermined.

9. Zeta Automotive ordered transmissions from the Alpha Transmission Company on May 7, 1990. The terms of sale were FOB destination. The Alpha Company shipped the transmissions on May 22, 1990, and Zeta Automotive received them on June 1, 1990. When should Zeta Automotive record the account payable?

Answers

Answer:

June 1, 1990

Explanation:

FOB Destination stands for free on board destination.

Simply, it means that the goods in transit will be considered as the seller's responsibility until reached the buyer's destination.

Seller will bear all the liability until the order is delivered at buyer's destination.

Hence, Zeta Automotive (Buyer) will record the account payable only when the order is received on the June 1, 1990
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