Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: Firm A $6, Firm B $7, Firm C $10, and Firm D $12. If the market price is $11, then the total producer surplus is _________.A) $10. B) $11. C) $33.D) $9.

Answers

Answer 1

Answer:

A) $10

Explanation:

Producer surplus is the difference between the least amount sellers are willing to sell their product and the price of the product.

Producer surplus for firm A = $11 -$6 = $5

Producer surplus for firm B = $11 - $7 = $4

Producer surplus for firm C = $11 - $10 = $1

Firm D does not make a producer surplus because the producers minimum price is greater than the market price

Total producer surplus = $5 + $4 + $1 = $10

I hope my answer helps you

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Which of the following is a long-term consequence of mining on the Earth?a. erosion
b. an open pit
c. sedimentation
d. all of the above

Answers

Answer;

-All the above

erosion
an open pit
sedimentation

Explanation;

-Surface mining removes ore deposits that are close to the surface, and subsurface mining removes minerals that are deep underground. While mineral use is very important to us, there are also many environmental impacts, such as erosion, air and water pollution, land destruction and harm to mine workers.

-The environmental impact of mining includes erosion, formation of sinkholes, loss of biodiversity, and contamination of soil, groundwater, and surface water by chemicals from mining processes.Besides creating environmental damage, the contamination resulting from leakage of chemicals also affects the health of the local population.

All of the mentioned options: erosion, an open pit, and sedimentation are long-term consequences of mining on the Earth.

The actual reason that banks must hold required reserves is: LO33.2 a. To enhance liquidity and deter bank runs. b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits. c. To give the Fed control over the lending ability of commercial banks. d. To help increase the number of bank loans.

Answers

The correct answer for the question that is being presented above is this one: "b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits." The actual reason that banks must hold required reserves is to help fund the Federal Deposit Insurance Corporation, which insures bank deposits.

An entrepreneur takes a risk to create a new product or a better way to operate a 4. a. True
b. False

Answers

It is true :) :) :) like if this helped

Answer:

ture

Explanation:

I need help with this question dontthankmebrainme what is 4=3+n

Answers

N = 1
this is because 4-3 is one

n=1 because 3-4 would equal to 1 but to solve the equation usually you have to isolate the n

Krista sets up a business selling coffee from a coffee cart. She earns $12,000 in revenue a month. She incurs costs of $3000 per month in supplies (coffee cups, creamer, sugar, pastries, napkins, and so on). She used to earn $3500 per month as a barista. The coffee cart is very specialized and has no other uses. What is Krista's implicit cost of capital per month?

Answers

Answer:

$3,000 per month

Explanation:

If an owner paid himself or a business paid to his owner this type of cost referred to as implicit cost.

In the case of Krista, she is an owner of a business of selling Coffee and also works at her business place as a barista and paid herself $3,000 per month.

So, $3,000 paid as a barista to her self called Implicit cost for the business.

Innov Inc. manufactures electronics and home appliances for the environment-conscious buyer. It has recently launched an online crowdsourcing campaign that invites consumers to come up with any one product idea that is feasible and has good market potential. Which of the following steps of the product development process is indicated in this scenario?a. Test marketingb. Product launching
c. Commercialization
d. Idea development
e. Idea screening

Answers

Answer:

d. Idea development

Explanation:

Based on the information provided within the question it seems that Innov Inc. is in the Idea development process of product development. This is the process of coming up with different designs for feasible products that may be profitable and worth while for the company. These ideas then go into the screening process where the best ideas are chosen to be produced.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.