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Samenvatting managerial economics new pro 2024 With correct questions and verified answers!!!well updated
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Samenvatting managerial economics new pro 2024 With correct questions and verified answers!!!well updated
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By: Bestnursesteve • 6 months ago
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Samenvatting managerial economics new pro 2024 With correct questions and verified answers!!!well updated One Lesson of business A is tracing the consequences of a policy B promoting a policy C moving assets from lower to higher value uses, therby creating wealth D none of the above - >>ANSWER>>Moving assets from lower to higher value uses, thereby creating wealth. An individual's value for a good or service is the A the amount of money he or she used to pay for a good B the amount of money he or she is willing to pay for it C the amount of money he or she has to spend on Goods D none of the above - >>ANSWER>>The amount of money he or she is willing to pay for it A consumer values a car at 30,000$ and a producer values the same car at 20,000$. The transaction will not take place if a tax is imposed A Equal to the seller surplus B smaller than the total surplus C larger than the total surplus D Smaller than the buyer surplus - >>ANSWER>>Larger than the total surplus A Buyer values a house at 525,000 and a seller calues that same house at 485,000$. If sales tax is 8% and is levied on the seller, then what would be the lowest price that the seller would be willing to sell at? A 527000$ B 523800$ C 525000$ D 500000$ - >>ANSWER>>523800 The difference between the maximum price the consumer is willing to pay and the price the consumer actually pays for a product is referred to as A market surplus B market shortage C consumer surplus D producer surplus - >>ANSWER>>consumer surplus Total surplus or gains created from trade equal A seller surplus B buyer surplus C the summation of seller and buyer surplus D profits earned by a firm - >>ANSWER>>the summation of seller and buyer surplus the difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as A market surplus B Market shortage C consumer surplus D producer surplus - >>ANSWER>>Producer surplus Wealth is created when A assets move from lower value use to higher value use B assets move from higher value use to lower value use C assets move from individuals who are willing to pay less for them to individuals who are willing to pay moreThe benefits of buying summaries with Stuvia:
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