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If a price floor benefits producers why does a price floor reduce social surplus?
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What are Social and private benefits in economics?
social benefits are social and private benefits are private.
How did the production of surplus food affect the political economic and social life of Sumer?
sumerians
How do you determine optimum production?
Three important cases: Total productive surplus is maximised at consumer equilibrium. Total profit is maximised when marginal cost = marginal benefit. Social welfare is maximised where marginal social cost = marginal social benefit.
How did a surplus of food lead to a division of labor?
Well more people had food more they went up on the social hierarchy which lead to division of labour.
What kind of economic culture code does Germany have?
Germany is an economic power house. It was a founding member of the Economic Union and has the highest trade surplus in the world. It follows the social market economy that allows trade unionism and social insurance.
Would one dollar profit require someone to make a dollar loss?
No, since profit need not be zero sum; exchange allows creation of social welfare through comparative advantage. However, the redirection of consumer surplus to producer surplus through increasing profit, assuming social surplus remains constant, would require consumers to loss surplus at the expense of producers.
If your children start receiving benefits from your social security benefits will this decrease your benefit amount?
No it will not reduce the amount of benefits that you are qualified to receive.
Can Social Security benefits reduce VA benefits?
No, the two are independent of each other. You can receive your full benefit for both programs simultaneously.
Will Social Security go down if you were on unemployment?
Not if you are already receiving Social Security. If you are still in your earning years, your ultimate benefits my reduce as they take the average of your last 40 quarters of earned income (which does not include unemployment benefits) to determine the benefits you receive.
If you receive ie 255 a week unemployment insurance will that amount be reduced because you receive Social Security benefits?
No, Social Security benefits will not reduce unemployment compensation. They are 2 different programs and do not affect each other.
What does surplus food lead to?
social divisions
What are Social and private benefits in economics?
social benefits are social and private benefits are private.
What allowed a family to have a surplus of food?
Social divisions
What was a result of a food surplus in Sumer?
social divison
What is another word for surplus from social studies?
Superfluous :)
What is net social benefit?
The net social benefit is the sum of producer and consumer surplus.
What is the definition of surplus in social studies?
Surplus means an excess or more than needed.
