Answer:
c
Explanation:
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.
#SPJ6
Answer:
The correct option is B, the part share of the profits or earnings of a company paid to each shareholder on the basis of the number of shares
Explanation:
The shareholders are paid dividends from the distributable profits of the company and distributable profits imply profits recorded after other providers of finance such as preferred shareholders and bond-holders have been paid dividends and interest on bonds respectively.
The dividends paid can be in cash or in shares.Paying dividends in cash is known cash dividends while paying in shares is called stock dividend.
It is imperative to pay dividends in form of shares if there are viable investment projects the company intends to invest with the cash that have otherwise be paid out as dividends.
Answer:
New Task
Explanation:
The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.
An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.
For instance, an organization that purchases raw resources for the first time to produce devices.
Answer:
B. is equal to the total of frictional and structural unemployment.
Explanation:
The natural rate of unemployment is the sum of frictional and structural unemployment at any given time. Economists estimate that for the United States this rate is around 3.5%.
Unemployment has a natural rate because no matter how good the economy is doing, some people either do not want to work, are in between jobs (frictional unemployemt), or lack the skills necessary to get employed and need to undergo training (structural unemployment).
B. market
C. command
D. traditional
2. What term defines the income paid to the owner of land, labor, or capital in return for productive service?
A. cost
B. price
C. factor payment
D. economic system
3. If a society answers the three basic economic questions by relying on ritual, ancestral laws, and religious dictates, what type of economic system is it using?
A. mixed
B. market
C. command
D. traditional
1. ANSWER: D. traditional
In a traditional economy, the individual members of the society gets to decide what to produce, how to produce it, and whom to produce it for. In a market economy, businesses are present to decide some of the economic questions while the government is present in a command economy. A mixed economy is a combination of businesses and government answering the economic questions.
2. ANSWER: C. factor payment
We call the payment or income paid to the owner of factors of production like land, labor, and capital in exchange of a productive service the factor payment. A factor payment may come in the form of a wage, rent, interest, or profit depending on the factor of production that the owner owns.
3. ANSWER: D. traditional
As the name suggests, in a traditional economy, traditional ways of the people control the answers to the three basic economy questions. In this type of economy, there are no government or other private businesses controlling the people's economy. Thus, the people are free to follow certain rituals, ancestral laws, or religious practices.