Business, 02.04.2020 19:28, lexiremmickp6mlxe

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13.Given the scenario described, if the market price of hammers increased from $8 to $12, producer surplus woulda. total producer surplus would increase by $3.
b. total producer surplus would increase by $6.
c. total producer surplus would increase by $9.
d. total producer surplus would increase by $4.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:30, sophie5064

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices

Answers: 3

continue

Business, 22.06.2019 06:30, silas99

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Answers: 2

continue

Business, 22.06.2019 16:50, tayveon122

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

Answers: 2

continue

Business, 22.06.2019 20:40, leeshaaa17

Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. how much will you have in the account in 19 years?

Answers: 2

continue

Do you know the correct answer?

Assume there are three hardware stores, each willing to sell one standard model hammer in a given ti...