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.
Answer:
Consumer surplus measures the net benefit from participating in a market
Explanation:
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.
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.
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indirect tax
proportional tax
direct tax
Answer:
It is a type of indirect tax
Explanation:
Zero based budget the best method of budgeting - Reason:
Zero-based budgeting (ZBB) is a budgeting method where all expenses of each new phase have to be justified. The zero-based budgeting process beginning at zero bases and each component is examined for its requirements and expenses within an organization.
Zero-based budgeting can help to reduce costs by preventing massive increases or reduced to expenditure for the subsequent period. But this has taken far more time than conventional cost-based budgeting. It’s a time-consuming process.
It is also a case of actual revenue because their contributions are easier to justify than in customer services and R&D departments.
b.distribution
c.transmission
d.nuclear power
The energypathway that a person can work without the ability to see the color is generation. The correct option is A.
According to the US Energy Information Administration, natural gas, nuclear energy, and coal will generate the majority of the country's electricity in 2020.
Renewable energy sources such as wind, hydropower, solar power, biomass, wind, and geothermal are also used to generate electricity.
Energy pathways are the paths that energy sources take from a producer to a consumer. They are an important part of energy security, but they are vulnerable to disruption.
Power generation systems are simply the combination of a potential or stored energy converter that generates kineticenergy.
This is then converted into electricpower for use in motors, lighting, heating, and other modern conveniences.
Generation is an energy pathway in which a person can work without being able to see color.
Thus, the correct option is A.
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Answer:
The correct answer is GOOD TIME
Explanation:
A primary feature of the "the mix" is anything for which one can lose GOOD TIME