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sveticcg [70]
2 years ago
11

Naomi is willing to pay $120 dollars for a multi-cat condo. She ends up paying $90. What is naomi's consumer surplus?

Business
1 answer:
Yanka [14]2 years ago
8 0

Naomi is willing to pay $120 dollars for a multi-cat condo. She ends up paying $90. Naomi's consumer surplus is $30.

Consumer surplus is also known as buyer's surplus. It is the economic measure of a customer's excess benefit. It is calculated by analyzing the difference between the consumer's willingness to pay for a product and the actual price they pay.

Consumer surplus is calculated by:

Consumer surplus = Maximum price buyer is willing to pay – Actual price.

So, Naomi is willing to pay $120 dollars for a multi-cat condo but she ends up paying $90.

Therefore, $120 - $90 = $30

Hence, Naomi's consumer surplus is $30.

To learn more about Consumer surplus here:

brainly.com/question/15224764

#SPJ4

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Answer:

In order to be <u>sustainable in the hospitality industry</u>, a company (restaurant) needs to implement the sustainability approach across more levels. The sustainable practices that differ Acorn House from non-sustainable restaurant are composting waste (minimizing actual waste), sourcing local ingredients (economically stimulating the region, while the carbon footprint of the ingredients is minimized) and investing in the training and development of their staff to learn the pillars of eco cuisine.

7 0
3 years ago
Which of the following manufacturers would most likely use job-order costing? Gasoline refiners. Microchip processors. Chemical
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Answer:

The correct answer is letter "D": Custom-furniture manufacturers.

Explanation:

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Thus, <em>custom furniture manufacturers are businesses where using the job-order costing method could be useful.</em>

4 0
3 years ago
The unemployment rate may underestimate the true extent of unemployment if:
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Answer: c.

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5 0
3 years ago
Sommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year m
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Answer:

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8 0
3 years ago
Julian, the owner of a t-shirt shop, attended an entrepreneurship workshop that 6) discussed the triple bottom line, which measu
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Answer:

D) social, environmental, and financial 

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I hope my answer helps you

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