You are a benevolent social planner for your city. several small food businesses approach you, stating that they plan to increase their prices to compete with national food establishments. as a benevolent social plannner would you advise them to raise their prices or not? explain using the concepts in producer and consumer surplus.

Answers

• Réponse publiée par: RoseTheShadowHunter

  yes if the demand for the product is very important or high

  No, if there is very low demand

  Explanation:

  hope it will help you

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• Réponse publiée par: hannahleigh

  yes if the demand of the product is very important high
• Réponse publiée par: elaineeee

  Yes

  Explanation:

  Land and building is considered as an asset because it is a resource/s that is owned by businesses. It is categorized as a non-current asset as it's useful and its value is usable more than the operating cycle of the business.

  To further understand why land and building is an asset, just continue reading.

  Assets

  In accounting, assets are the resources that a company owns and has monetary value.

  Two types of asset:Current asset - assets that are usable or convertible to cash within a year or operating cycle of a business.Non-current asset - assets that can't be used or converted to cash within a year or operating cycle of a business.Examples of current asset:Cash and cash -on- of non-current asset:LandEquipment/MachinesIntangible assets

  #answerForTrees

• Réponse publiée par: kenn14

  Yes i saw many activities their adapting in my school