What is producer surplus? How is it illustrated on a demand and supply diagram?
Question:
What is producer surplus? How is it illustrated on a demand and supply diagram?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Producer surplus is an economic concept that represents the financial benefit or profit that producers ie suppliers or sellers of goods and services g...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Examine changes in price and quantity caused when governments take actions to modify market outcomes. In a perfectly competitive market, the equilibrium price and quantity represent the most...
-
What is total surplus? How is it illustrated on a demand and supply diagram?
-
What is consumer surplus? How is it illustrated on a demand and supply diagram?
-
A 10.231-g sample of window cleaner containing ammonia was diluted with 39.466 g of water. Then 4.373 g of solution were titrated with 14.22 mL of 0.1063 M HCl to reach a bromocresol green end point....
-
Had Finn not complied with Monuss expense manipulation requests early on, would the Phar-Mor fraud have progressed to the extent it did? Also, how would Finns career have been different?
-
List three ways to use completed data flow diagrams.
-
Weigh relevant factors when setting up the chart of accounts AppendixLO1
-
The following table gives the average monthly exchange rate between the U.S. dollar and the euro for 2009. It shows that 1 euro was equivalent to 1.324 U.S. dollars in January 2009. Develop a trend...
-
Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The companys accounting system says that the unit product cost for this bracelet is $261.00 as shown below: Direct materials $...
-
What is the relationship between total surplus and economic efficiency?
-
How does a price floor set above the equilibrium level affect quantity demanded and quantity supplied?
-
Explain two advantages of being in partnership.
-
In Exercises 29 and 30, find the probabilities and indicate when the "5% guideline for cumbersome calculations" is used. 29. Medical Helicopters In a study of helicopter usage and patient survival,...
-
Introduction to Internetworking Project 1: Ctrl-Alt-Del Inc. INTRODUCTION You have accepted a contract to participate in the design of the network infrastructure of a company called Ctrl-Alt-Del Inc....
-
Construct Arguments Tell whether each statement is always true, sometimes true, or never true. Explain. a. An integer is a whole number. b. A natural number is a rational number. c. An irrational...
-
Please answer the following Questions : 1. Who are the competitors for Whole Foods? 2. Do you consider traditional supermarkets to be competitors for natural and organic supermarkets? 3. How would...
-
LNC Corp is trying to determine the effect of its inventory turnover ratio and DSO on its cash conversion. Credit sales in 2016 is $101,000, cost of goods sold will be 70% of sales and it earned a...
-
In Problems a-c, say whether the function is continuous and whether the given point. a. f(x) = 1/x2 - 1 at x = 2 b. f(x) = tan x at x = /2 c. f(x) = |x - 4| at x = 4
-
PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...
-
What is the difference between organizational structure and design?
-
What is organizational development? How do organizational development techniques support organizational change?
-
What is the Small Business Administration? How does it assist small companies, financially and in other specialized ways?
-
In the weekly toam meeting one of your team members is presenting the results of the team's financial statement analysis to the supervisor. The team member commented. There are extremely positive...
-
company SHARKIYA DESALIN You are in the accounts manager of financial analyst at the company. Prepare the financial analysis of performance report and analysis of the company in the year 2020...
-
41. Maria purchased a building in 2010 that she uses in her business. Maria uses the straight-line method for the building. Maria's original cost for the building is $420,000 and cost-recovery...
Study smarter with the SolutionInn App