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What else can I help you with?
How can one determine the economic surplus on a graph?
To determine the economic surplus on a graph, calculate the area between the supply and demand curves up to the equilibrium point. This area represents the total economic surplus in the market.
Did the paleolithic trade?
No, to be able to trade means that you have a surplus. They were not growing or making items that were in surplus and it was a subsistence living for them.
Did the Paleolithic people trade?
No, to be able to trade means that you have a surplus. They were not growing or making items that were in surplus and it was a subsistence living for them.
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
What has the author Anders Danielson written?
Anders Danielson has written: 'The economic surplus' -- subject(s): Economic conditions, Economic development, Surplus (Economics) 'The political economy of development finance' -- subject(s): Economic policy, Fiscal policy
Distinguish between domestic and international finance?
Finance is the process of transferring fund from surplus economic unit to deficit economic unit. Domestic finance is the process of transferring fund from surplus economic unit to deficit economic unit within a country. And International finance is the process of transferring fund from surplus economic unit to deficit economic unit when any of these units is located outside a national country.
Why is an economic surplus necessary for economic development?
Economic surplus is necessary for development because it means a economy is producing more than its consuming. So it is exporting and making money and getting richer which leads to development.
What is surplus economic unit?
An economic unit having access of funds and wants to lend his funds
What has the author E B Leigh written?
E. B. Leigh has written: 'Railway surplus and business prosperity'
How do you calculate economic surplus?
I do not know. Try asking Jeeves.
Which was the most direct result of the production of surplus food?
economic specializtion
How can one determine the economic surplus in a market?
To determine the economic surplus in a market, calculate the difference between the total value that consumers place on a good or service and the total cost of producing it. This surplus represents the benefit gained by both consumers and producers in the market.
