The deadweight loss is $90.6.
<h3>How to calculate the loss?</h3>
The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.
This means there's a loss of 10% in value constitute the deadweight loss.
Average amount spent on gift = $906
Percentage loss in value = 10% or 0.10
Calculate the deadweight loss -
= Average amount spent on gifts * Percentage loss in value
DWL = $906 * 0.10
The deadweight loss would be $90.6.
Learn more about dead weight loss on:
brainly.com/question/15415492
#SPJ1
A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.
Calculate the deadweight loss if the average amount is $906.
Answer:
A. can use CVP by focusing on measuring the organization's output
Explanation:
Service companies and not-for-profit organizations can use CVP by focusing on measuring the organization's output.
Cost Volume Profit Analysis bothers on the profitability of company's output, whether it be a product manufacturing company or a service-rendering company.
In the case of a service company, Cost Volume Profit will be computed as: Profit = Service Price - Cost to provide service.
Answer:
Counseling psychologist
Explanation:
I just took the test! Good luck :)
Answer:
D. Trojan Horse, nice to know some computer lab info of mine didn't go to waste
Explanation:
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
