A manager is using their Technical skills when they respond to a subordinate's query about the steps involved in building a report from scratch.
Technical skills are the knowledge and aptitude required to carry out particular activities. They are useful and frequently pertain to activities in the mechanical, information technology, mathematics, or scientific fields. Knowledge of programming languages, design software, mechanical devices, or tools are a few examples.
Your command of job-specific abilities, in addition to the technical skills required in the workplace, can help ensure you are recruited or promoted. Technical, hard, and job-specific abilities are frequently interchangeable but not always of Technical skills.
Naturally, the abilities needed may differ depending on the position for Technical skills which you are applying, so be particular when identifying any hardware, software, programs, applications, etc.
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The journal entry to record accrued property taxes for a factory building debits ______.
The journal entry to record accrued property taxes for a factory building debits Manufacturing overhead and credits Property taxes payable.
What is the manufacturing overhead?This is the term that is used to refer to the cost that businesses may accrue indirectly during the process of production of goods and services in the organization.
The examples of such a cost are, taxes, the payments of insurance etc. Hence we can say that The journal entry to record accrued property taxes for a factory building debits Manufacturing overhead and credits Property taxes payable.
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A management process in which people in different parts of an organization share information throughout the development of a product or process is called _______.
A management process in which people from different parts of an organization tend to share information throughout the development of a product is called collaboration.
Management is regarded as a process in order to achieve organizational goals. This process is a set of activities which are ongoing and interrelated in an organization.
Collaboration tends to improve the way your team works together and solves the problem. Thus, this leads to more innovation, increased success, improved communication, and efficient processes.
Hence, in such collaborative management environment, a team of supervisors or managers tend to work together to ensure the success of an organization.
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These are medical expenses that are tax-free with an individual's health account, these can include physicals, eye glasses, and/or dentures:_______-
an individual's health account, these can include physicals, eye glasses, and/or dentures: ----- Covered or Eligible Expenses
Eligible medical expenses :
Qualified Medical Expenses are generally the same types of services and products that otherwise could be deducted as medical expenses on your yearly income tax return. Some Eligible Medical Expenses, like doctors' visits, lab tests, and hospital stays, are also Medicare-covered services.
Expenses NOT Eligible for under an HSA :
The hospital insurance benefits tax, withheld from you pay as part of the Social Security tax or paid as part of Social Security self-employment tax. Nursing care for a healthy baby. Travel your doctor told you to take for rest or change.
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Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. what is its firm's debt-equity ratio?
Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. The firm's debt-equity ratio will be 0.91.
What is debt- equity ratio?A phrase used in accounting to describe the capital structure of a company is the debt-equity ratio. This ratio is computed specifically by dividing a company's total debt by its entire equity.
monetary ratiosFinancial ratios are measurements that analysts use to assess business performance and to compare those ratios with other companies in the same industry. They are evaluated according to the firm's financial statements.The liquidity ratios, solvency ratios, profitability ratios, and market outlook ratios are the common classes into which the financial ratios can be divided. Each lesson will highlight a different aspect of the company.Before performing their analysis, analysts should, however, evaluate the completeness and transparency of the provided financial statements. The financial statements could be manipulated by some internal investors for personal gain.ROE = profit margin × asset turnover × equity multiplier
18.58% = 9.70% × 1.52 × equity multiplier
equity multiplier = 1.91
Then debt-equity ratio is calculated as:
debt-equity ratio = equity multiplier - 1
debt-equity ratio = 1.91 - 1
debt-equity ratio = 0.91
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Davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise, costing $690, and sold on account for $1,100?
The hardware company gets the amount for accounts receivable and Sales revenue for $1,340 and Cost of goods sold and Inventory for $810. Thus, option B is correct.
What is inventory?All the commodities, equipment, and supplies that a company keeps on board in anticipation of reselling these for such a profit are referred to as inventory.
The accounting equation of the following will be:
Accounts receivable $1,340
Sales revenue $1,340
Cost of goods sold $810
Inventory $810
Therefore, option B is the correct option.
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Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each price.\
Greater resource prices increases the costs of production, thereby, reducing the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.
Costs of Production
All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.
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Revised probabilities of events based on additional information are _____ probabilities.
Revised probabilities of events based on additional information are posterior probabilities.
How do you explain revised probability?In Bayesian statistics, the posterior probability is the updated or revised probability of an event occurring after taking into account new information. Using Bayes' theorem, the posterior probability is derived by updating the prior probability.
We want to know what the probability of A is in the event that a second event, which we'll name event B, has occurred and has an impact on P(A). This is P(A|B), also referred to as posterior probability or updated probability, in probabilistic notation.
A probability that has been updated to account for newly available information is known as a posterior probability.
Therefore, based on the information given, Revised probabilities of events based on additional information are posterior probabilities.
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Now suppose that home has the opportunity to trade with foreign at an international price of corn equal to a ton of wheat per ton of corn. in which product will home find its comparative advantage?
A situation when a person, company, or nation can create a good or service at a lower opportunity cost than another producer is referred to as having a comparative advantage.
For instance, Canada can manufacture maple syrup at a very low opportunity cost compared to avocados, a crop for which its climate is less suitable, since it has an abundance of maple trees. Mexico, on the other hand, is known for its warm weather and abundance of sunshine. can produce avocados in comparison to Canada at a significantly lower opportunity cost in terms of maple syrup sacrificed.
The parameters of trade for exchange under which mutually beneficial commerce can occur are determined by comparative advantage and opportunity costs.
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Suppose+a+u.s.+treasury+bond+will+pay+$2,500+five+years+from+now.+if+the+going+interest+rate+on+5-year+treasury+bonds+is+4.25%,+how+much+is+the+bond+worth+today?
These are taken to be relatively risk-free as they are issued by the government. As such, they can be taken as benchmark rates for selecting the rate of return of corporate commercial documents and corporate binds.
Treasury bondThe purposeful worth of the given U.S. Treasury bond today is $2,030.31.
The present worth of the U.S. Treasury bond is given by:
= Future value / (1 + interest rate) ^ {number of years}
{eq}= \dfrac{\$2,500}{(1 + 4.25\%) ^ {5}} {/eq}
{eq}= \dfrac{\$2,500}{(1.0425) ^ {5}} {/eq}
= $2,030.31
Subtracting the purchase price from the par value yields a gain in dollars. Splitting that difference by the purchase price then shares the rate.
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If the price elasticity of demand for a good is 4. 0, then a 10 percent increase in price results in a.
There a decrease in the quantity demanded by 40%
Given here , the price elasticity demand is 4%.
We have to calculate quality demanded by formula,
Price elasticity of demand =%change in quantity demanded/ % change in price.
= 10×40 =40%
Thus, if the price elasticity demand increases by 10%, then quantity demanded have decreased by 40% because they are inversely proportional to each other.
The quantity that consumers desire is determined by the price of an item or service in a market. When non-price elements are taken out of the equation, it follows that higher prices lead to lower quantities demanded and lower prices lead to higher quantities demanded.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
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Oracle corporation offers a service called ____, which provides e-business applications on a fixed fee basis.
Oracle corporation offers a service called WebSphere, which provides e-business applications on a fixed fee basis. A cloud provider hosts applications and makes them online accessible to customers as part of the software as a service (SaaS) distribution paradigm.
Offer strong web-based assistance for tasks like billing, customer relationship management, and order processing. Onshoring is the outsourcing of information system development, operation, or maintenance to a third party company that offers these services on a temporary or permanent basis in exchange for a fee.
A vertical application is a software suite that can be used by numerous different sorts of businesses. The assessment and selection team's main goal is to eliminate system alternatives that won't satisfy criteria, rate the feasible options, and submit the feasible options to management for a final decision.
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What would the total cost per unit fee for us to engage in foreign direct investment?
The total cost per unit fee for you to engage in foreign direct investment would be 10 percent. Foreign direct investment happens when an individual or business owns 10% or more of a foreign company. If an investor owns less than 10%, the International Monetary Fund defines it as part of their stock portfolio.
A 10% ownership doesn't give the individual investor a controlling interest in the foreign company. However, it does allow influence over the company's management, operations, and policies. For this reason, governments track investments in their country's businesses.
What are the types of foreign direct investment?Foreign direct investments are classified as horizontal, vertical, or conglomerate.
For a horizontal direct investment, a company creates the same kind of business activity in a foreign country as it operates in its home country. With a vertical investment, a business gets a complementary business in another country. With a conglomerate type of foreign direct investment, a company invests in a foreign business that is not connected to its main business.Therefore, the correct answer is as given above
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Businesses sometimes pursue a(n) ________ goal to balance the conflicting goals of stakeholders to promote their overall welfare, even at the expense of profits.
Businesses sometimes pursue a social responsibility goal to balance the conflicting goals of stakeholders to promote their overall welfare, even at the expense of profits. Corporate social responsibility (CSR), usually referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.
Corporate Social Responsibility: An Overview (CSR)Corporate social responsibility is a wide concept that can take many various forms depending on the company and industry. Businesses can enhance their brands while helping society through CSR initiatives, charity, and volunteer work.
A firm must first be accountable to itself and its shareholders before it can be socially responsible. Companies that implement CSR initiatives frequently expand to the point where they can support the community. Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.
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On july 1, bill's construction paid six months' insurance in advance. the journal entry to record this transaction is?
Bill's construction made a six-month advance payment on insurance on July 1. Debit Prepaid Insurance; credit Cash is the journal entry needed to document this transaction.
Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most cases, premiums are paid a full year in advance, but they occasionally may extend beyond a full year. These payments appear on the balance sheet of an insurance business if they have not yet been used up or have not yet expired. as an ongoing asset.
Prepaid insurance is a sort of account.
Prepaid insurance is categorized as a company asset and is shown as an asset account on the balance sheet's left side. Similar to money in a bank, the cost of insurance is paid, and as the insurance is "used up" over the course of each month or accounting period, money is withdrawn from the account.
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True or false: enterprise operations systems work in conjunction with the firm's erp system to provide specific functionality to support supply chain operations
The main answer is True.
The statement is correct, enterprise operations systems work in conjunction with the firm's ERP system to provide specific functionality to support supply chain operations.
Explanation:ERP system to provide specific functionality to support supply chain operations.Supply chain management has been an integral part of ERP solutions adopted by several enterprises. Manufacturers need to interact with various suppliers and partners to obtain the raw materials and resources at the right time and at the right amount to bring finished goods to market. Businesses are actively focusing on several supply chain strategies to boost plant productivity, enhance product quality, and cut down on manufacturing costs. As the operations become more extensive and globalized, the integration of SCM becomes all the more important. ERP solutions can support multiple modes, such as make-to-order, engineer-to-order, and configure-to-order, and provide operations support across multiple sites in real time. ERP solution streamlines the path their products go through from supplier to warehouse and finally to store for the customer. As a result, businesses can avoid supply chain disruption.This theory explains how ERP systems provide support to the supply chain.
So the given statement is True
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A design team is developing a new product and they want to understand how to build it. Which type of research can best help the team answer their question?
Determining whether users can successfully execute the given tasks without any problems. the length of time needed to execute particular tasks. Determining a scale for user satisfaction. finding adjustments to enhance user performance and satisfaction.
User empathy helps you develop positive user experiences by bringing you closer to your potential users. Empathy is the capacity to comprehend another person's ideas or feelings in a given circumstance.
Recency bias is the tendency to remember your most recent candidates more clearly than your initial candidates you interviewed for a post. Because you recall the last person you saw better, they can seem like a better fit for the position.
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the price of a product is set where both buyers and sellers are satisfied. which phrase describes this price?
The price of a product is set where both buyers and sellers are satisfied this phrases describes the Market Equilibrium Price.
Equilibrium is the state wherein market supply balance and demand become steady. For the most part, an over-supply of labor and products purposes costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.
The Equilibrium Price is where the supply of merchandise matches demand. At the point when a significant list encounters a time of solidification or sideways energy, one might say that the powers of demand and supply are somewhat equivalent and the market is in a condition of balance.
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Answer:
Where the market clears
Explanation:
The price is neither higher nor lower than equilibrium, meaning that it "clears" or is even.
According to the scor model, supply chain management covers five broad areas including planning activities, which __________.
The correct answer is cover the actual production of a good or service.
Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.
What does SCOR entail?A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.
Why does business employ the SCOR model?The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.
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Harley+purchased+a+set+of+pens.+including+the+3%+sales+tax,+harley+payed+$12.40.+how+much+was+the+set+of+pens+before+tax?
Harley purchased a set of pens including the 3% sales tax, Harley paid $12.4. The set of pens before tax is $12.77.
What is sales tax?A sales tax is a fee that consumers must pay to a governing body when purchasing specific goods and services. The consumer can typically be asked to pay the tax at the time of purchase under most legal provisions.
Typically referred to as a use tax, this tax is imposed on goods or services and is paid by the customer directly to the government. Frequently, laws specify that some products or services, like food, education, and medicine, are exempt from sales and use tax. Sales taxes are connected to value-added taxes (VAT) that are levied on products and services. For an overview of the main differences, see Sales Tax Comparison.
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To obtain an approximate estimate of the real interest rate, one must _________ the __________ the nominal risk-free rate.
To obtain an approximate estimate of the real interest rate, one must subtract the expected inflation from the nominal risk-free rate.
What is inflation?
In the study of economics, inflation is the term used to describe a general increase in the cost of goods and services across a country. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is linked to a drop in the purchasing power of money. Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
The equation to find an approximate estimate of the real interest rate is:
Real interest rate (approx.) = Nominal risk-free rate - Expected inflation
Therefore, in order to find the approximate estimate of real interest rate we should subtract the expected inflation from the nominal risk-free rate.
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In the context of swot analysis, marketers can identify strengths and weaknesses by focusing on?
In the context of SWOT internal stability (S), weaknesses (W), external possibilities (O), and threats (T) analysis, marketers can identify forces and weaknesses by concentrating on employee capabilities.
What is the strength and weakness of SWOT investigation?Strengths (S) and weaknesses (W) guide internal factors, which are the help and experience readily available to you. These are some generally considered internal factors: Financial help funding, sources of income, investment prospects ) and Physical help ( location, facilities, and equipment ). While SWOT analysis highlights the internal environment (your strengths and weaknesses), TOWS forces you to look at your exterior environment first (your threats and opportunities).
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Porter's competitive forces model identifies ________ major forces that can endanger or enhance a company's position in a given industry.
The correct answer is 5.
Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.
What are the five competitive forces identified by Porter?Porter identifies five factors as the main sources of competitive pressure within an industry. They are as follows:
a) rivalry in a healthy way.
b) supplier strength.
c) consumer power
d) threat of replacement
e) a potential new entry.
What is the operation of Porter's competitive force model?These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods. Business strategy may be guided by a Five Forces analysis to boost competitive advantage.
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Abc company reported total revenues of $100,000, a gross profit of $40,000, and operating expenses of $20,000. what are abc company's common-size operating expenses?
The company's common size operating expenses are 20% of the total revenue of the company .
Operational IncomeBoth formulas have advantages and disadvantages. Below is the first formula:
Operating Income Plus Depreciation and Amortization = EBITDA
Operating income is the company's profit following the deduction of operating expenses, or the costs associated with conducting regular operations. By removing interest and taxes, operating income aids investors in separating the earnings for the company's operating performance. As the name implies, operating income shows the revenue generated by a company's operations.
Sales less running costs like labor and the cost of products sold are frequently used to determine operating income (COGS). Only D&A needs to be included in order to calculate EBITDA because operating income has already been calculated before interest and taxes are subtracted.
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If+the+human+population+is+growing+at+a+constant+rate+of+1.1%+per+year,+how+will+the+number+of+people+added+to+the+global+population+change+each+year+in+the+future?
Global Population after 1st year = 8.05767
Population added to the Global Population change each year in the future depends on constant growth rate.
If the human population is growing at a constant rate of 1.1% per year,the number of people added to the global population each year in the future depends on the constant growth rate, and an increasingly larger number of people will be added to the population each year.
As per worldometer, current population of world = 7.97 Billion
Rate=1.1%
Population added after 1st year =
1st year = 1.1% of 7.97 Billion
= 1.1/100*7.97
=79.7 Million
Population after 1st year = 7.97Billion +79.7 Million
= 8.05767 Billion
population added after second year =
1.1% of 8.057
=88.54 Million
Population after 2nd year =
8.05767 +88.54
=8.1463 Billion and so on..
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Other names for manufacturing overhead include? indirect manufacturing costs prime manufacturing costs factory overhead factory burden
Answer:
factory overhead, production overhead, and factory burden
What is true about research on the relationship of virtuous leadership to organizational and individual employee performance?
B-Recent research in this area has shown a positive relationship between these variables.
Virtuous LeadershipTM may be defined as the practice of reaching greatness through bringing out the greatest in others. It is insufficient to be just decent. Today's world is in critical need of decent people who can inspire others to greatness via their dynamic character strength.The seven qualities that make up The Virtuous Leadership Framework are: Courage, Integrity, Humility, Compassion, Passion, Wisdom, and Humor.Irresponsible leaders foster trust. Lack of sleep, competing priorities, or counterfactual reasoning can all cause attention deficiency. Employees that are successful report reduced stress, more devotion to the business, and higher job satisfaction.To know more about variable visit:
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When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their ________.
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."
What is economic sociology?Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.
Some key features regarding the economic sociology are-
Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity. Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual. When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.To know more about the economic sociology, here
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For financial decision-making purposes, the most important tax rate is the ______ tax rate.
The answer is:- Marginal.
The marginal tax rate is the most significant tax rate for financial decision-making.
A tax rate is what?The amount that an individual or business is taxed is known as the tax rate. The United States (both the federal government and many of the states) employs a progressive tax rate system, in which the amount of tax levied rises in proportion to an individual's or entity's increase in taxable income. A progressive tax rate means that taxpayers with higher incomes pay a higher dollar amount in taxes. A portion of the taxpayer's income or funds are removed and sent to the government. The percentage of an individual's taxable income or a corporation's profits that must be paid to state, federal, and, in certain cases, municipal governments in the form of income tax is known as the tax rate.
There may also be local or state income taxes in some localities. Depending on the marginal tax band a person is in, a certain amount of tax is levied on their income. The marginal tax rate is the percentage deducted from each additional dollar of taxable income beyond a set income threshold.
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Management students may not immediately become managers, but studying management can help you.
Management students may not immediately become managers, but studying management can help you understand how organizational decisions are made
This is further explained below.
What are organizational decisions?Generally, The process by which a single organizational unit or several organizational units come to a decision on behalf of the organization is referred to as organizational decision making.
The unit responsible for making decisions might be as limited as a single person, such as a manager, or as extensive as the full membership of the organization.
In conclusion, Students who major in abnormal psychology often fall victim to this mental state, in which they mistakenly assume that they are afflicted with the illness that they are researching.
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If a store runs a sale on a product to clear out its stock, we can conclude that:____.
If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the store.
When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.
Product surplus is the region that is above the supply level and below the equilibrium price.
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