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In economics, the relationship between the consumer surplus (CS) and producer surplus (PS) graph shows the benefits that consumers and producers receive from a transaction. Consumer surplus represents the difference between what consumers are willing to pay for a good or service and what they actually pay, while producer surplus represents the difference between the price producers receive and the minimum price they are willing to accept. The combined area of the CS and PS graph represents the total economic welfare generated by a transaction.

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What is the 6 Cs in the new marketing mix?

creativity culture change communication customer consistency


What is a measure of future uncertainties in achieving program goals and objectives within defined cost schedule andperformance constraints?

probability/consequence screening (p/cs) is a risk analysis tool tat allows you to analyze risk by answering which the following questions associated with risk analysis


How can a suppliers credibility be analyzed?

A supplier is one who sees that there is a need for goods and services, and provides the means for the the customer to have them. There re seven cs which a supplier credibility be analyzed which are, 1. The cost 2. the commitment 3. consistency 4 competency 5. cash resource 6. control system 7. capacity


Can someone help me practice my economics test?

PART A - Questions 1 - 7Consider a market where demand is D: P = 30 - Q and supply is S: P = 0.5Q.1. Equilibrium quantity Qe isa. $17b. $18c. $19d. $202. Equilibrium is price Pea. 10b. 11c. 12d. 133. Consumer surplus CS isa. $199b. $200c. $201d. $2024. Producer surplus PS isa. $98b. $99c. $100d. $1015. Total surplus TS isa. $220b. $300c. $323d. $4446. When the government imposes a price floor = $20, disequilibrium between quantity demanded and quantity supplied results ina. Deficit = 10b. Surplus = 10c. Deficit = 30d. Surplus = 307. Total surplus TS' with the price floor isa. $220b. $225c. $230d. $235PART B - Questions 8 - 28Consider a market where demand is D: P = 40 - Q and supply is S: P = Q.8. Equilibrium quantity Qe isa. 16b. 18c. 20d. 229. Equilibrium price Pe isa. $18b. $20c. $22d. $2410. Consumer surplus CS isa. $198b. $199c. $200d. $20111. Producer surplus PS isa. $198b. $199c. $200d. $20112. Total surplus TS isa. $390b. $394c. $396d. $400Impose a specific tax T = $4 on each unit sold in the above market.13. Post-tax quantity Q' isa. 16b. 18c. 20d. 2214. Post-tax price P' isa. $18b. $20c. $22d. $2415. Consumer surplus CS' isa. $156b. $158c. $160d. $16216. Producer surplus PS' isa. $156b. $158c. $160d. $16217. Tax revenue TR of the government isa. $68b. $70c. $72d. $7418. Total surplus TS' isa. $390b. $394c. $396d. $400Consider a market where demand is: P = 70 - Q and supply is S: P = Q.19. Equilibrium quantity Qe isa. 35b. 36c. 45d. 5620. Equilibrium price Pe isa. $34b. $35c. $36d. $3721. Consumer surplus CS isa. $610b. $612.5c. $615d. $64822. Producer surplus PS isa. $610b. $612.5c. $615d. $64823. Total surplus TS isa. $1,222b. $1,223c. $1,224d. $1,225Construct a budget neutral subsidy in the above market.24. Post-subsidy quantity Q' isa. 35b. 36c. 45d. 5625. Post-subsidy price P' isa. $34b. $35c. $36d. $3726. Consumer surplus CS' isa. $610b. $612.5c. $615d. $64827. Producer surplus PS' isa. $610b. $612.5c. $615d. $64828. Total surplus TS is (do not forget to account for the subsidy expenditure SE)a. $1,222b. $1,223c. $1,224d. $1,22529. The basic characteristic of the long run is that:A. barriers to entry prevent new firms from entering the industry.B. the firm has sufficient time to change the size of its plant.C. the firm does not have sufficient time to cut its rate of output to zero.D. a firm does not have sufficient time to change the amounts of any of the resources it employs.30. The law of diminishing returns indicates that:A. as extra units of a variable resource are added to a fixed resource, marginal product will decline beyond some point.B. because of economies and diseconomies of scale a competitive firm's long-run average total cost curve will be U-shaped.C. the demand for goods produced by purely competitive industries is downsloping.D. beyond some point the extra utility derived from additional units of a product will yield the consumer smaller and smaller extra amounts of satisfaction.31. Variable cost is:A. the cost of producing one more unit of capital, say, machinery.B. any cost which does not change when the firm changes its output.C. average total cost multiplied by the firm's output.D. any cost that rises with output in the short run.32. In the above figure, curves 1, 2, 3, and 4 represent the:A. ATC, MC, AFC, and AVC curves respectively.B. MC, AFC, AVC, and ATC curves respectively.C. MC, ATC, AVC, and AFC curves respectively.D. ATC, AVC, AFC, and MC curves respectively.33. Refer to the above data. If product price is $60, the firm will:A. shut down.B. produce 4 units and realize a $120 economic profit.C. produce 6 units and realize a $100 economic profit.D. produce 3 units and incur a $40 loss.34. Refer to the above diagram for a pure monopolist. Monopoly price will be:A. e.B. c.C. b.D. a.35. Refer to the above diagram for a pure monopolist. Monopoly output will be:A. between f and g.B. h.C. g.D. f.Consider a market with the market demand D: P = 100 - Q, which is served by two Cournot duopolistic producers with the constant marginal cost MC = $10 and no fixed cost.36. In Nash equilibrium, the output of each firm, isA. 20B. 30C. 40D. 5037. In Nash equilibrium, the market output isA. 40B. 60C. 80D. 10038. In Nash equilibrium, the market price isA. $30B. $40C. $50D. $6039. In Nash equilibrium, profit of each firm isA. $900B. $1000C. $1100D. $120040. When these two firms collude to form a cartel, the market output isA. 10B. 20C. 35D. 4541. When these two firms collude to form a cartel, the market price isA. 45B. 55C. 60D. 7042. When these two firms collude to form a cartel, the profit of each firm isA. $1012.50B. $1450.50C. $1560.25D. $1860.2543. Under pure competition a large number of identical firms in this market would produce a market output ofA. 80B. 90C. 100D. 11044. Under pure competition the market price in this market would beA. $10B. $14C. $15D. $18


What is the telephone number of Philippines Korean air?

Reservation Center Contact Info & Hours - Tel : 63-2-893-4909 / 789-3700 (08:30 ~ 17:30 Mon, Tue, Wed, Thu, Fri) - Tel : 63-2-893-4909 / 789-3700 (08:30 ~ 12:30 Sat)(Nationawide) Remarks : New Year (01 Jan), Good Friday (1st or 2nd week of April), Christmas (25 Dec) & Sunday : ClosedTicketing Office Contact Info & Hours - Tel : 63-2-817-6668 / 789-3713~16 (08:30 ~ 17:30 Mon, Tue, Wed, Thu, Fri)(Nationwide) - Tel : 63-2-817-6668 / 789-3713~16 (08:30 ~ 12:30 Sat)(Nationawide) Address : Ground Floor LPL Plaza Building, 124 Leviste Street, Salcedo Village, Makati City, Metro Manila, Philippineshttp://www.koreanair.com/local/kr/gp/eng/cs/ck/eng_cs_ck.jsp

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What is the full form of CS?

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What are some words ending with the suffix cs?

there are words of some subjects with the suffix of cs: economics, politics, electronics, athletics, mathematics, physics, linguistics, mechanics, statistics, ethics, bionics, mnemonics, genetics, dietetics, logistics, aeronautics, pragmatics, dogmatics, dynamics, and so on. • •


Iffernce between an echo 510 and an echo 510evl chainsaw?

The CS-510 and CS-510 EVL are completely different models. The EVL was made in the 1980s. and the CS-510 is actually a current model.


When does trace conditioning occur?

Trace conditioning occurs when there is a temporal gap between the conditioned stimulus (CS) and the unconditioned stimulus (US), meaning the CS ends before the US is presented. This type of conditioning relies on short-term memory and typically involves a brief delay between the end of the CS and the onset of the US.


What type of bond is CsI?

CsI is an ionic bond because it forms between a metal (Cs) and a nonmetal (I). In this bond, the cesium (Cs) atoms lose an electron to form Cs+ cations, while the iodine (I) atoms gain an electron to form I- anions, resulting in the attraction between oppositely charged ions.