Because it increases producer surplus at the expense of consumer surplus
b. because it does not produce some output for which demand exceeds supply
c. because it appropriates a portion of consumer surplus for itself
d. because it does not produce some output for which marginal benefit exceeds marginal cost
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Because it increases producer surplus at the expense of consumer surplus b. because it does not produce some output for which demand ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which sentence describes a cooperative organization? Cohen and his friends work in a cooperative organization. They own and control the functions of the organization. Their sole motive is to gain profit.
Answers (2)
Which is NOT a pro-growth institution? Select one: a. property rights b. political stability c. open and competitive markets d. protection of domestic industry
Answers (1)
Which formula dictates that you pay more interest at the beginning of a loan and pay less and less interest as the debt is reduced? A. Adjusted balance method B. Accelerated balance C. The rule of 78s D. Average daily balance E.
Answers (1)
Domergue Corp. currently has an EPS of $3.76, and the benchmark PE for the company is 21. Earnings are expected to grow at 5.1 percent per year. a.
Answers (1)
Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. The following information was used to prepare adjusting entries for the company as of August 31, the end of the company's fiscal year. a.
Answers (1)
New Questions in Business
Union Local School District has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity. The yield to maturity on this bond is 3.8 percent, and the bond has a par value of $10,000.
Answers (2)
Protects the formulas, processes, methods, and information that give a business a competitive edge.
Answers (1)
John operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. He rents each boat for $200 per month. The variable cost for each boat rental is $50.
Answers (1)
Analyzing and Reporting Financial Statement Effects of Bond Transactions Winston Inc. reports financial statements each December 31 and issues $400,000 of 9%, 15-year bonds dated May 1, 2017, with interest payments on October 31 and April 30.
Answers (1)
A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inventory. What is the common-size statement value of inventory?
Answers (1)