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Disadvantages of Cost-Based pricing?
The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.
What is the best surplus store, that has fair pricing?
The Army/Navy Surplus store is exactly what you are looking for. They feature "real" surplus obtained directly from the government and their inventory is quite intensive! For more information, visit http://www.thearmynavysurplus.com/
What is the relationship between producer surplus and a monopoly graph?
In a monopoly graph, producer surplus is the difference between the price the producer receives for a good or service and the cost of producing it. In a monopoly, the producer has more control over pricing and can charge higher prices, leading to a larger producer surplus compared to a competitive market.
What is the deadweight loss associated with a monopoly's pricing power?
The deadweight loss associated with a monopoly's pricing power is the loss of economic efficiency that occurs when the monopoly sets prices higher and produces less output than would occur under perfect competition. This results in a reduction in consumer surplus and producer surplus, leading to a net loss in overall welfare.
Surplus drives market prices up storage drives them down?
Surplus occurs when the supply of a product exceeds demand, leading to excess inventory and prompting sellers to lower prices to stimulate sales. Conversely, storage can lead to a decrease in market prices, as an accumulation of goods may signal a lack of consumer interest or demand. Both dynamics illustrate how supply and demand interact to influence market pricing, with surpluses pushing prices down and storage levels affecting them as well. Ultimately, understanding these factors is crucial for businesses to make informed pricing and inventory decisions.
What kinds of military stuff are considered too dangerous to sell as surplus?
Although there are a wide range of products that are sold in Military surplus stores, there are a number of things that can not be sold in these stores. Items such as Military guns, grenades and warfare are not sold in the surplus stores.
What is surplus lines insurance?
Surplus Lines Insurance is insurance that is not written through the admitted market. The insurance companies that are approved to write Surplus Lines business are not considered "admitted" or "licensed" by the states. The insured is not covered by the state Guarantee fund which means that if a surplus lines insurer becomes insolvent; the insured has no recourse in the event of a claim.
What does the perfect price discrimination graph illustrate about pricing strategies in economics?
The perfect price discrimination graph illustrates a pricing strategy where a seller charges each customer the maximum price they are willing to pay. This strategy allows the seller to capture the entire consumer surplus and maximize profits.
What is the acronym of surplus?
surplus
What happens when a capacity reaches its carrying capacity?
Ideally a population at its carrying capacity is stable, there is enough for all to survive. The system is usually slightly underdamped and the population will vary between just over its carrying capacity where some individuals suffer and under its capacity where there is a surplus. If the system is severely under damped there are extreme swings in the population. A typical example is the relation between Arctic hares and foxes.
Where are surplus shown in balance sheet?
With non-profit organisations, when the balance sheet doesn't show a loss, but what would be classified a profit for profit organisations, it is called a surplus. When it is what would be considered a loss for profit organisations, it is called a deficit.
What correctly identifies a condition that must exist for a culture to be considered a civilization?
A surplus of food which can be diverted to support cultural activity.
