-Which Area in the Above Figure Shows the Consumer Surplus

question 571

Multiple Choice

-Which area in the above figure shows the consumer surplus at the price and quantity that would be attained if the industry were perfectly competitive?

• A) A + B + C + D
• B) A + B + C + D + E
• C) F + G + H
• D) A + B + C + D + E + F + G + H

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Definitions:

External Human Capital Supply

The availability of potential employees outside the organization qualified to fill job vacancies or meet workforce requirements.

Macro- Perspective

An approach that looks at the society, economy, or market as a whole, rather than focusing on individuals or specific entities.

Micro- Perspective

A detailed view or analysis that focuses on individual elements or small components of a larger system or issue.

Human Resource Forecasting Process

The process of estimating the future human resource needs of an organization, taking into account business demand and the current workforce's skill set.