Answer:
consumer surplus will decrease.
Explanation:
Consumer surplus is defined as the difference between the price customers are willing to pay for a product and what they actually pay.
On the demand and supply curve it is indicated by the shaded area between equillibrum and demand curve as illustrated in the attached diagram.
For example let's assume the price a customer was willing to pay for a product was $50 and market price was $30
Initial consumer surplus= 50- 30= $20
Assume bmarket price increase to $40
The new consumer surplus is= 50- 40
Present consumer surplus= $10
So a price increase causes a decrease in the consumer surplus.
Answer:
$180
Explanation:
Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.
Using this formula
Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer
Let plug in the formula
Warrant liability=30 x 10% x $60
Warrant liability=$180
Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180
Answer:
HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.
Explanation:
- Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.
- Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
