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Samenvatting managerial economics new pro 2024 With

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  • 2023 AQA GCSE SPANISH 8698/RF Paper 3 Reading Foun
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  • 2023 AQA GCSE SPANISH 8698/RF Paper 3 Reading Foun

Samenvatting managerial economics new pro 2024 With

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  • June 6, 2024
  • 37
  • 2023/2024
  • Exam (elaborations)
  • Unknown

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  • samenvatting managerial economics new pro 2024 wit
  • samenvatting managerial economics new pro 2024 w
  • samenvatting managerial economics new pro 2024 wit

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  • 2023 AQA GCSE SPANISH 8698/RF Paper 3 Reading Foun
  • 2023 AQA GCSE SPANISH 8698/RF Paper 3 Reading Foun

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Samenvatting managerial economics new pro
2024 With correct questions and verified
answers!!!well updated




One Lesson of business
A is tracing the consequences of a policy
B promoting a policy
C moving assets from lower to higher value uses,
therby creating wealth
D none of the above - >>ANSWER>>Moving assets
from lower to higher value uses, thereby creating
wealth.


An individual's value for a good or service is the
A the amount of money he or she used to pay for
a good

,B the amount of money he or she is willing to pay
for it
C the amount of money he or she has to spend on
Goods
D none of the above - >>ANSWER>>The amount
of money he or she is willing to pay for it


A consumer values a car at 30,000$ and a
producer values the same car at 20,000$. The
transaction will not take place if a tax is imposed
A Equal to the seller surplus
B smaller than the total surplus
C larger than the total surplus
D Smaller than the buyer surplus -
>>ANSWER>>Larger than the total surplus


A Buyer values a house at 525,000 and a seller
calues that same house at 485,000$. If sales tax is
8% and is levied on the seller, then what would be
the lowest price that the seller would be willing to
sell at?

,A 527000$
B 523800$
C 525000$
D 500000$ - >>ANSWER>>523800


The difference between the maximum price the
consumer is willing to pay and the price the
consumer actually pays for a product is referred to
as
A market surplus
B market shortage
C consumer surplus
D producer surplus - >>ANSWER>>consumer
surplus


Total surplus or gains created from trade equal
A seller surplus
B buyer surplus
C the summation of seller and buyer surplus

, D profits earned by a firm - >>ANSWER>>the
summation of seller and buyer surplus


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 consumer surplus
D producer surplus - >>ANSWER>>Producer
surplus


Wealth is created when
A assets move from lower value use to higher
value use
B assets move from higher value use to lower
value use
C assets move from individuals who are willing to
pay less for them to individuals who are willing to
pay more

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