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Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
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∙ 9y ago
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What is a market surplus?
total production - self consumption = market surplus
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
Surplus is an excess of production or supply over demand. True or False?
True
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What is a market surplus?
total production - self consumption = market surplus
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
Is an supermarket an example of surplus production?
NOOO stupid
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
Which was the most direct result of the production of the surplus food?
Economic specialization
Which was the most direct result production of the surplus food?
economic specializtion
What four methods can be used to increase a non-profit organization's surplus?
Are absolute surplu value,relative surplus vslue capitalist production and exchange value methods to increase an organization's surplus
What are the three levels of production?
Core customer value actual product augmented product
Surplus is an excess of production or supply over demand. True or False?
True
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What was key featured of early civilizations?
The production of a surplus of food to allow the ability to go beyond getting subsistenceuse the surplus to support cultural activity.
How did the production of surplus food affect the political economic and social life of Sumer?
sumerians
