What is the total surplus of a market?A.the sum of consumer surplus and producer deficitB.the sum of consumer surplus and producer surplusC.the difference between the consumer surplus and producer surplusD.the difference between the highest price that a consumer is willing to pay and the ...
A.M. Best's annual studies have validated that the surplus lines market maintains financial performance and solvency rates that are on par with or sometimes even better than the admitted market. It is important to note that these insurers are generally not unable to obtain a license in your ...
Others believe the Depression was triggered by insufficient consumer demand, which governments tried to address during the 1930s with deficit spending. A final group thinks the market crashed because of a surplus of credit, such as the margin loans that investors used to speculate on stocks....
the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell声明: 本网站大部分资源来源于用户创建编辑，上传，机构合作，自有兼职答题团队，如有侵犯了你的权益，请发送邮箱到feedback@deepthink.net.cn 本网站将在三个工作日内移除...
Advantages include the efficient use of resources due to predictable production schedules and the reduced cost of production due to economies of scale. Customers may also receive the finished products much faster as they are usually in stock. The main drawback is the higher chance of surplus inven...
This chapter outlines the tenets of market thinking to provide a better background for understanding the type of problem ubjects constitute and one of the institutions potentially changed through their exchange. Activities which are today usually describ
What is the combined consumer surplus for the customers who buy the Porsche Spyder when the market price is $835,000? Consumer Surplus Consumer Surplus explains the total gain that an individual obtains from purchasing the good; it is achieved when th...
Surplus Vs. Shortage:At market equilibrium, the price and quantity of the product that a consumer is willing to pay and a producer is willing to produce is the same. A disequilibrium market will cause a surplus or a shortage.Answer and Explanation: ...
Don’t confuse “dead stock” with “deadstock,” a niche term used by some consumers, such as sneaker enthusiasts. Deadstock usually refers to discontinued lines of unworn sneakers or vintage items, like clothing and fabric, that are no longer available on the market but still have their ori...
In a market failure, the balance is disrupted. Although market failure is an economic concept, it has implications beyond economics. Key Takeaways In a case of market failure, the market may be any set of individuals acting in rational self-interest. ...