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Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-In figure 4.6 if price is P1, consumer surplus is area
Salary Allowance
A predetermined amount of compensation allocated for salaries, possibly including additional benefits or allowances.
Profit Share
The portion of a company's profits allocated to employees or partners as a bonus or incentive.
Capital Balances
Refers to the amount of money that each partner in a partnership has contributed and maintained in the business.
Net Income
The total profit or loss of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.
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