Answer:
Consumer's surplus is $5 and the producer's surplus is $4.
Explanation:
1) Consumer surplus is the extra amount a consumer is willing to pay for a product above the price they actually do pay.
Consumer surplus = maximum price willing to pay – actual price
Maximum price willing to pay = $25
Actual price = $20
Consumer surplus = $25 – $20
Consumer surplus = $5
Therefore, the customer saved $5 as a consumer surplus which he/she can spend on some other goods or services.
2) Producer surplus is the difference between what price producers are willing and able to sell a good for and what price they actually receive from consumers (market price).
Producer surplus = Actual price – minimum price willing to accept
Actual price = $20
Minimum price willing to accept = $16
Producer surplus = $20 – $16
Producer surplus = $4.
Answer:
Yes, he paid the correct amount
Total Expected Payment = 103.85 + 8.57 = $112.42
Explanation:
Matthew bought 4 new compact discs at $16.99 each and a carrying case for $35.89. He paid 8 1/4% sales tax on his purchases. If Matthew paid $112.42 total, determine if he paid the correct amount.
Total Purchase cost is ($16.99 x 4) + $35.89 = $103.85
8.25% of $103.85 = $8.57
Total Expected Payment = 103.85 + 8.57 = $112.42
Answer:
A. better project focus
Explanation:
In a functional organizational structure , the organization will divide their members into smaller groups based on a very specific skill sets. After that, they will be assigned a task that is the most suitable for their specific skill.
If implemented correctly, this could increase the efficiency of the project since team members only has to focus on small amount of tasks that assigned to them and let members form other groups finish the other parts of the project,
Answer:
Jerry is a victim of Stigmatization
Explanation:
if an individual is being stigmatized, it means we have given that person a label or tag and it's usually a label that is limiting in some way.
Stigmatization is when an individual, group or corporate body views an individual in a negative way because they have a distinguishing characteristic E.g the kind of neighborhood they live, the kind of friend they keep or personal trait that's thought to be a disadvantage.