« previous next »

Author Question: The difference between the minimum price the producer is willing to accept and the price the ... (Read 79 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
The difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as:
 a. market surplus
  b. market shortage
  c. buyer surplus
  d. seller surplus.

Question 2

For a resource to be able to generate temporary competitive advantage over rivals, it must be
 a. Valuable
 b. Rare
 c. Valuable and rare
 d. Not valuable but rare


micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

The difference between mieosis and mitoses The difference between mieosis and mitoses
Sensitivity study for facial difference Sensitivity study for facial difference
Difference of Squares Difference of Squares
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
How wide must a narrow slit be if the first diffraction minimum occurs at 12 with laser light ... How wide must a narrow slit be if the first diffraction minimum occurs at 12 with laser light ...
Solve Diophantus’s Problem B–8: To find two numbers such that their difference a Solve Diophantus’s Problem B–8: To find two numbers such that their difference a
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library