Explanation:
At equilibrium demand price=supply price
Therefore consumer surplus is 15 units.
Answer:
C. In a process-costing system, each unit uses approximately the same amount of resources.
Explanation:
Option A is wrong because average production cost cannot be calculated for all units produced in a job-costing system. It is calculated from overhead allocation.
Option B is incorrect because overhead cannot be allocated to all units equally in the job costing method.
Option D is also false because, in a job costing system, individual jobs use different quantities of production resources. On the other hand, the process costing system uses the same amount of resources for each unit. Therefore, <em><u>option C</u></em> is correct.
Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
Answer:
a. Michelle's consumer surplus: $3.5
b. Paul's Cafe and Bakery producer surplus: $3.5
Explanation:
This one is simple I attached a graphic so you can understand me better:
The consumer surplus is just the difference between the price payed and the price willed to pay by the consumer, in this case the price payed was $4.25 but Michelle was willing to pay up to $7.75 so we just substract this numbers
7.75 - 4.25 = 3.5
Same for the producer surplus which is the difference between the price the consumer pay and the price that the producer was willing to accept.
4.25 - 0.75 = 3.5
The acquisition of all liabilities and assets of Company T by Company E leads to the formation of Company E. This type of acquisition is known as a merger.
<h3>What is an acquisition?</h3>
The acquisition is a method of acquiring control by one company over another company either by purchasing 100% or some proportionate shares of that company.
A merger is one of the methods of acquisition where a new company is created by combining either two or greater than two entities. In this process, the company which acquires is known as purchasing company and the company whose business is being acquired is called a vending company.
In the provided case, Company E is the acquiring company and Company T is the vending company. The merger leads to the formation of Company E and the dissolving of Company T completely.
Therefore, the acquisition of Company T's business by Company E resulting in the formation of Company E is called a merger.
Learn more about the merger in the related link:
brainly.com/question/15719354
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