Assume a good is produced in a perfectly competitive market and that there is an increase in the number of consumers in the market for the good. How does that effect the consumers total benefit and total consumer surplus

Answers

Answer 1

Assume a good is produced in a perfectly competitive market and that there is an increase in the number of consumers in the market for the good. that means the consumer's total surplus will decrease. See the explanation below.

What is Consumer Surplus?

Consumer surplus is an economic factor of the gains that consumers receive as a result of market competition. When the price that buyers pay for a product or service is less than the price that they are willing to pay, this is referred to as a consumer surplus.

Note that when there is an increase in consumers, that means demand has increased. And all things being equal, this will drive the price of the commodity upwards.

Whenever the price goes up consumer Surplus always decreases as the price of a commodity rises.

The total benefit is the most a consumer is prepared to pay for a specific number of units of an item. It may alternatively be defined as the overall benefit a customer receives for a specific amount of an item or the total value that they set on that amount.

In the above scenario, the total benefit reduces.

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Related Questions

if you call bacon, bacon... and cookies, cookies.... how come we cook bacon and bake cookies

Answers

Bacon can be cooked several ways, not just by baking it. The name bacon comes from German and French dialects, including Old German term “bacho” which means buttocks (what bacon is made from.. if you didnt know). The word cookie also comes from old dialect, the Dutch word “koekje” meaning “small or little cake”. So, the names make sense not according to how the food is cooked, but the meaning of the roots in the words.

This was really fun to research.

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Which evidence best supports the idea that hip-hop delivers an important universal message? Check all that apply.

“Earlier that night, somebody tossed a record on the turntable, which sent my fellow students stumbling onto the dance floor, howling with delight.”

“I high-stepped away from that music for 26 years because it was everything I thought it was, and more than I ever dreamed it would be.”

“In China, teens spray-paint graffiti on the Great Wall. In France it has been blamed, unfairly, for the worst civil unrest that country has seen in decades.”

“It is a music that defies definition, yet defines our collective societies in immeasurable ways.”

To many of my generation, despite all attempts to exploit it, belittle it, numb it, classify it, and analyze it, hip hop remains an enigma, a clarion call, a cry of ‘I am’ from the youth of the world.”

Answers

The evidence best supports the idea that hip-hop delivers an important universal message are:

D.“It is a music that defies definition, yet defines our collective societies in immeasurable ways.”

E. To many of my generation, despite all attempts to exploit it, belittle it, numb it, classify it, and analyze it, hip hop remains an enigma, a clarion call, a cry of ‘I am’ from the youth of the world.”

What is hip-hop?

Hip-hop is a dance and music form. It became famous in the era of Micheal Jackson. It was discovered in New York in the '90s. Furthermore, it is a different culture of music.

Thus, the correct options are D and E.

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Exercise 11-25 (Algo) Change in principle; change in depreciation methods [LO11-2, 11-6] For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,750,000. Its useful life was estimated to be five years, with a $155,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: ($ in thousands) Year Straight Line Declining Balance Difference 2018 $ 519 $ 1,100 $ 581 2019 519 660 141 2020 519 396 (123 ) $ 1,557 $ 2,156 $ 599 Required: 2. Prepare any 2021 journal entry related to the change.

Answers

The journal entry that's related to the change is the depreciation expense of $116333.

What is a journal entry?

The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Transactions are recorded in an accounting journal that shows the debit and credit balances of a company. The journal entry may contain many recordings, each of which is either a debit or a credit.

Depreciation or bond amortization are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software. As a result, general ledger account balances are changed directly by journal entries.

The declining-balance method of depreciation was applied by Clinton Poultry Farms on conveyor equipment purchased at the beginning of 2018. In this case, the journal entry is attached.

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Match each term with its corresponding description. Answers are used only once.
Group of answer choices
Device that responds to temperature changes and either turns the burner on or off.

Small, less powerful broiler used for browning food, rather than fully cooking it.

Heavy cast-iron top that has a heat source located underneath it on which food is cooked in pots and pans.

Device that uses a radiant heat source placed above the food to be cooked.

Most common type of commercial stovetop.

Permanently fixed, large pot with double-walled construction.

Cooking appliance that has the radiant heat source located below the food and rack.

List of tasks to be performed to ensure equipment stays in proper working order.

Polished stainless steel stovetop on which food is cooked directly without pots or pans.

Range that uses electromagnetic energy to heat special pots and pans.

Answers

The matching shows that the thermostat responds to the change in temperature.

How to illustrate the information?

Device that responds to temperature changes and either turns the burner on or off.   thermostat

Small, less powerful broiler used for browning food, rather than fully cooking it.   salamander

Heavy cast-iron top that has a heat source located underneath it on which food is cooked in pots and pans. flattop range

A device that uses a radiant heat source placed above the food to be cooked. - broiler

The most common type of commercial stovetop. open-burner range

Permanently fixed, large pot with double-walled construction. - steam-jacketed kettle

The cooking appliance that has a radiant heat source located below the food and rack. - grill

Polished stainless steel stovetop on which food is cooked directly without pots or pans. - griddle

The range that uses electromagnetic energy to heat special pots and pans. induction range

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2/3x-5=1/4x
How do I get the 1/4 to the left side of the equation?

Answers

Use the inverse operation to move it so subtract it from the other side

Answer:   x = 12  

Explanation:  solve for x by simplifying both sides of the equation then isolation the variable

What type of economic system are you a part of? In a short paragraph, explain how your economic system regulates choices to respond to economic challenges.What type of economic system are you a part of? In a short paragraph, explain how your economic system regulates choices to respond to economic challenges.

Answers

Answer:

Order Quantity (EOQ)s.

Explanation:

Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. ... The EOQ model finds the quantity that minimizes the sum of these costs.

Answer:

The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.

Explanation:

edg 2022

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Read the prompt on p. 145 regarding the impact of digital technology on human intelligence. Then, read the paragraph at the bottom of p. 163 that discusses the effects of digital technology and uses Mark Bauerlein as a source. Rewrite this paragraph so that it makes more effective use of the source.

p. 145- To set themselves apart, columnists for print and online publications establish a viewpoint and style. The types of sources they use and the way they use them are part of that style. Using three columns by one writer, analyze the columnist's audience by examining the type of sources he or she uses. You might consider a political commentator, a sportswriter, a movie or music reviewer, or a columnist in a local publication.

p.163- Below you will find a paragraph written using Mark Bauerlein as a source. Read the paragraph, and then rewrite it so that it makes more effective use of the source.

Mark Bauerlein believes that the so-called Digital Revolution could jeopardize the "cultural and civic inheritance" that has made the United States a powerful democracy. He argues that teens and young adults "have grown up with more knowledge and information readily at hand, taken more classes, built their own Web sites, enjoyed more libraries, bookstores, and museums in their towns and cities," yet they are shallow thinkers who are more concerned about themselves than their society. They have a different social life and a different mental life as a result of their use of what he calls "digital tools." "Instead of opening young American minds to the stores of civilization and science and politics, technology has contracted their horizon to themselves, to the social scene around them." He is concerned that the consequences are more serious than just a generation of spoiled brats. He thinks this rising generation is camped in the desert of ignorance and instant gratification. "They have all the advantages of modernity and democracy, but when the gifts of life lead to social joys, not intellectual labor, the minds of the young plateau at age 18."​

Answers

The impact of digital technology on human intelligence are:

It has made problem solving easy.It has made human intelligence  less relevant.

What is the paraphrased text?

The Rewritten form of this paragraph so that it makes more effective use of the source is given below.

According to Mark Bauerlein, the "cultural and civic inheritance" that has shaped the United States into a potent democracy may be in danger due to the so-called Digital Revolution.

Teenagers and young adults, according to the author, "have grown up with more knowledge and information readily available, taken more classes, created their own Web sites, and enjoyed more libraries, bookstores, and museums in their towns and cities," but they are shallow thinkers who are more concerned with themselves than their society.

Because of their usage of what he refers to as "digital instruments," they have separate social and mental lives. Technology has narrowed young people's horizons to themselves and the surrounding social scene, rather than exposing their minds to the resources of civilization, science, and politics.

Therefore, He worries that there will be more severe repercussions than merely a generation of spoiled brats. He believes that this younger generation is set up camp amid a wasteland of ignorance and material comfort. "They have all the benefits of modernity and democracy, but the minds of the young plateau at the age of 18 when the gifts of life lead to social joys rather than intellectual effort." ​

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5.
6.
7. What letter comes after the first vowel?
8.
If the vowels are removed, which is the third letter?
9.
If the alphabet is written from Z, which is the sixth letter?
How many different letters are in REMEMBER?
How many different letters are in PHOSPHORUS?
10. Which letters occur twice in SOMETIMES

Answers

Answer:

1) E, 2) I, 3) V, 4) 4, 5) 6) S


Why does Nietzsche believe that GOOD and EVIL have been replaced by "Good" and "Bad"?
What do you think Nietzsche is trying to tell us?

Answers

Answer:

Nietzsche believes Good and Evil is a "Master Moral" system and Good and Bad is a "Slaves Moral" system. Masters believe strength is good and weakness evil while Slaves believe humility is good and rule is bad because that very strength is used against them. Nietzsche believes that we should not accept either of these moralities but make our own. A good person is one who expresses themselves and becomes what they truly are.

The business
magazine Forbes reports that 4567 companies sold
their first stock to the public between 1990 and
2000. The mean change in the stock price of these
companies since the first stock was issued was
+111%. The median change was -31%.58 Explain
how this could happen. (Hint: Start with the fact
that Cisco Systems stock went up 60,600%)

Answers

Answer:

Editor-in-cheif : Steve Forbes

CEO: Mike Fedele

What roles do genes play in influencing one's physical characteristics what is the difference between genotype and phenotype ​

Answers

Answer:

An individual's genotype is the combination of alleles that they possess for a specific gene. An individual's phenotype is the combination of their observable characteristics or traits. While an organism's genotype is directly inherited from its parents, phenotype is merely influenced by genotype.

Why do we tend to think of gender, sexual, and racial identities in terms of binaries, e.g. male/female, straight/gay, black/white?

Answers

Answer:

that's just human

Explanation:

you see humans are going to be humans, you can't change it that's why if I see a black pen I know it's black and if I see a blue pen I know it blue,though binaries come in different cases I hope you get my point

Which drug type would be most likely to suppress appetite?
Responses

GABA agonist

glutamate agonist

serotonin agonist

acetylcholine agonist

dopamine agonist

Answers

Dopamine agonist. Low levels of dopamine stimulate appetite, so in contrary, drugs with dopamine suppress appetite.

Why should we hire you into this role?

Answers

The above question is a question most recruiters will ask a worthy candidate. Here is how you respond.

How do you respond to the above question?

When asked, "why should we hire you?" tread cautiously and prepare a couple of alternate responses ahead of time.

While the question may appear antiquated and daunting, it is a popular one among hiring managers, therefore it is critical to be well-prepared.

Read the job description in its entirety and consider a few qualities that distinguish you as particularly competent to accomplish the job requirements. While you cannot possibly know the qualities of the other applicants, this is the moment to sell yourself and say why you are the greatest match for the position.

Here is a sample response:

That is an excellent question! You have an edge over me since you know exactly what you're searching for, whereas I am still learning about your organization. Is it correct that you are seeking someone who will be able to manage customer complaints swiftly and efficiently, based on what I've learned?

(Assume the interviewer says yes.)

In that case, I'd want to tell you about a time when I solved a client problem and they left with renewed faith in our skills and services.

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μx = 20.9
σX = 4.2
D = 5x-9
Find μD

Answers

Answer:

E(D)=95.5

Explanation:

[tex]E(X)=20.9\\E(D)=E(5X-9)=5E(X)-9=5*20.9-9=95.5[/tex]

A population has mean 27 and standard deviation 10 . What is the data value that has a z-score of -2 ?

Answers

Answer:

Explanation:

The z-score, or a standardized test score equals:

z = (x - μ) / σ)

Thus substitute -2 into z, 27 into μ, and 10 into σ

-2 = [tex]\frac{x-27}{10}[/tex]

Thus solve for x:

-2(10) = x - 27

x = -2(10) + 27

x = -20 + 27 = 7

What are good skills to have for online college courses

Answers

Answer:

computer science

Explanation:

The skills helps to know and be able to access computer very well

what is a premier college

Answers

Answer:

I believe a premier college is a newly opened college.

Explanation:

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Which sentence uses subjective language?
‒‒‒‒‒‒‒‒‒‒‒
----
The winner of a checkers game is the first
O player to capture or block all of their opponent
pieces.
Players capture the checkers of their opponent
by jumping over them.
The American version of checkers is played on
a board with 64 spaces, unlike the international
form that has 100.
Checkers is a versatile game that delights both
kids and adults.

Answers

Answer:

Checkers is a versatile game that delights both

kids and adults.

Explanation:

Because it is an opinion that checkers is delighting and subjective language basically means opinionated.

A way to think about subjective vs objective is that Subjective is based on your own Sensory interpretation and Objective is based on Observation that's unbiased.

Find 3 more public policies on your own and explain the broad social goals that are most likely targeted by these policies?

Help help

Answers

Oksjjsnsj I just need to know what you want to do with your work and your

3. If no possible outcomes except for the one that
happened exist, then one could not have chosen his
or her act from a range of possible outcomes. This
means that the above two beliefs are logically:
-Deductively valid
-Inductively strong
-Consistent with each other
-Contradictory to each other

Answers

The two beliefs are contradictory to each other.

What is belief?

A belief is an attitude that something is true or that something is true. Philosophers use the term "belief" in epistemology to refer to attitudes about the world that can be true or false.

The two beliefs are deductively valid, because if the only possible outcome is the one that happened, then one could not have chosen any other outcome. The two beliefs are also inductively strong, because they are based on the idea that if the only possible outcome is the one that happened, then one could not have chosen any other outcome. However, the two beliefs are contradictory to each other, because the first belief is based on the idea that one could have chosen his or her act from a range of possible outcomes, while the second belief is based on the idea that one could not have chosen his or her act from a range of possible outcomes.

So, D is the right answer.

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Taking a position on the French Revolution was difficult for Washington because:
A. the legislative branch was charged with overseeing diplomacy.
B. his cabinet was in favor of the revolution, but he was entirely against it.
C. he had personal ties to the French that he did not want to break.
D. the president’s role in foreign policy had not yet been specifically defined.

Answers

Answer:

D. the president's role in foreign policy had not yet been specifically defined.

Explanation:

The Constitution does not explicitly state that the President has sole authority over foreign policy, and so at this point in history it was still unclear exactly how much power the President actually had in regards to international affairs. Washington didn't want to take a position on such a contentious issue without knowing for sure that he could back up his stance with actual authority.

At this moment in history, it was still unclear how much power the President actually possessed with regard to international affairs because the Constitution does not expressly specify that the President has sole control over foreign policy. Washington was hesitant to weigh in on a topic that was so divisive unless he was certain he had the authority to support his position. Thus the correct answer is D) the president’s role in foreign policy had not yet been specifically defined.

Assign total_owls with the sum of num_owls_A and num_owls_B. Remember num_owls_A and num_owls_B need to be converted to integers. Sample output with inputs: 3 4 Number of owls: 7

Answers

Debugging a program entails identifying and correcting its faults.

What is debugging?
In computer programming & engineering, debugging is a multistep process that entails locating a problem, tracking down the source of the issue and either fixing the problem directly or finding a workaround. Testing the fix or workaround to make sure it functions is the last stage in the debugging process. When a developer is able to find and reproduce a code error inside a computer programme, the debugging process in software development gets started. The software testing process, as well as the full software development lifecycle, includes debugging.

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Which does federal income tax help to fund?
A. Local parks
OB. Fire protection
OC. Private schools
O
D. Military defense
SUBM

Answers

D. Is the answer
Ur welcome :)

Which type of policy would Thomas Malthus most likely support?

Imperial

Antinatalist

Immigration

Devolutionary

Pronatalist

Answers

The type of policy that Thomas Malthus would likely support is the "Antinatalist Policy" (Option B).

What is an Antinatalist Policy?

This refers to the government's strategy of aiming to limit the number of births in order to halt population increase. Antinatalist is the polar opposite of Pronatalist.

China is known to have effectively implemented an antinatalist program. On the other hand, many nations in Europe, including Japan, Canada, South Korea, Greece, Singapore, Spain, Italy, and many more countries are well-known pro-natalist countries. France and Germany both have low fertility rates. Germany, on the other hand, has been hesitant to embrace a pro-natalist strategy.

Malthus projected that natural population increase would surpass agricultural productivity, resulting in famines and other disasters until the population fell below a sustainable level. Because of this relative plenty, fertility rises again, culminating in a continuous cycle of overcrowding and population collapse.

Hence, the reason why he would most likely support Antinalalist Policies.

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Which is not a factor that affects the level of wages?
O The size of the labor pool
The amount of new workers moving into a city.
O Productions possibilities frontier
O The minimum wage law

Answers

Answer:

Production Possibility Frontier

Explanation:

Unlike the other three possibilities, which all affect wage levels, a Production Possibility Frontier is affected by wage levels.

Answer: C. Productions possibilities frontier

Human traits are usually:
OA. the result of one gene.
OB. innate.
C. influenced by genes acting together.
OD. learned.
OE. due to gender schemas.

Answers

Answer:

learned

Explanation:

i need at least twenty characters to amswer

Which of the following countries is MOST LIKELY to have had a sudden decline in death rate but an increase in birth rate? Germany Canada Australia Saudi Arabia Japan

Answers

Answer:

I'm not too sure I think it's Germany.

Explanation:

I hope I'm not too late on answering this question and I hope this helped you!

Question # 3


Mia's brain scan revealed she had a tumor on the part of her brain that is responsible for her loss of sensory processes except smell. Where is the tumor?

- Hippocampus
- Thalamus
- Medulla
- Amygdala
-Pons

Answers

The part of Mia's brain that is affected by this tumor is: Medulla.

What is a brain?

A brain can be defined as an organ of soft-nerve tissue that is found within the skull of vertebrates such as humans, and it is mainly responsible for the coordination of nervous and sensory activities, sensation and intellect in living organisms.

The parts of the brain.

Generally speaking, the parts of the brain of a living organism (human) with their functions are listed as follows:

HippocampusThe frontal lobeAmygdalaPonsThe brain stemHypothalamusOptic nerveCerebellumThalamusThe nucleus accumbensMedulla

In this scenario, we can logically deduce that the part of Mia's brain that is affected by this tumor is her medulla because it is saddled with responsibility of controlling sensory processes such as respiration or breathing, cardiac cycle, digestion, etc.

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Which of the following is least likely to impact the natural increase rate of a country?

Standard of living
Gender inequality
Immigration
Cultural norms
Government policies

Answers

A factor which is least likely to impact the natural increase rate of a country is: B. Gender inequality.

What is the natural increase rate?

The natural increase rate is also referred to as the rate of natural increase and it can be defined as a measure of the difference between the number of live births (crude birth rate) and the number of deaths (crude death rate) which occurs in a country over a year, and then divided by the mid-year population of the year in view.

This ultimately implies that, the natural increase rate of a country can be calculated by subtracting the crude death rate from the crude birth rate. Additionally, some of the factors that affect and impact the natural increase rate of a country include the following:

Standard of livingDeathImmigrationCultural normsBirthGovernment policies

In conclusion, gender inequality is a factor which is least likely to impact the natural increase rate of any country.

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A projectile is fired into the air from the edge of a 100 m high cliff at an angle of 37 above the horizontal. The projectile hits a target 400 m away from the base of the cliff. What is the initial velocity of the projectile, vo? (Neglect air friction and assume x-axis to be horizontal and y-axis to be vertical). r 100m 400 m m The water level in a tank measures 15 inches and is decreasing 0.5 inches every minute. How many minutes, x, will it take for the water level to measure 9 inches deep? reasons behind the drop in bank profitability in the late 2000s include: i. flattening of the yield curve. ii. increase in competitive pressures on asset pricing. iii. increases in foreclosures in the mortgage market. iv. increases in net interest margin. Jina made $207 for 9 hours of work.At the same rate, how much would she make for 13 hours of work? There are 54 dogs in a pet store which is 90% of all pets. How many pets are in the pet store? Games Throughout History Board games are great to play with friends. One of the most popular games, checkers, was invented centuries ago.History of Checkers By 1400 B.C., people living in Egypt were playing a game called Alquerque using a board and small round pieces. Alquerque spread all over the world. Then, in 1100 A.D., a man in France decided to play the game on a chessboard with 12 pieces for each player. The game later became known as checkers in North America.Rules of the Game People began writing books about the game of checkers. Over time, the rules were changed, and new rules were added. Now, there are different sets of rules for the game, but the basic ones are the same. One player has 12 white checkers, and the other player has 12 red checkers. The pieces are placed on two rows at each end of the board, and the player with red checkers moves first. Each player tries to get all of their pieces to the opposite end of the board. 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