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Zinaida [17]
1 year ago
10

donna can make a chair for $100, she charges customers $150 to buy the chair, and customers perceive that the chair is worth $22

5. in this case, the consumer surplus is:
Business
1 answer:
Agata [3.3K]1 year ago
6 0

Donna can create a chair for $100, but clients must pay $150 to purchase it, therefore they believe it is worth $225. The consumer surplus in this instance is $75. Consumer surplus always rises as a good's price falls and falls as a good's price rises.

The financial benefit that consumers get as a result of being able to acquire a good for a price that is lower than the utmost price they would be prepared to pay is known as consumer surplus, or consumers' surplus. The consumer surplus is calculated using an economic formula by subtracting the greatest price that consumers would be willing to pay from the price they actually pay.

The equilibrium price is the point at which supply and demand coincide. Consumer surplus is defined as being above the equilibrium price and below the level of demand (CS).

To know more about equilibrium price, click here:-

brainly.com/question/28527601

#SPJ4

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A detailed plan for the future that is usually expressed in formal quantitative terms is known as a:
Kipish [7]

Answer: (A) Budget

Explanation:

 Budget is one of the type of financial plan that is create according to our requirement and also budget.

A budget is one of the type of document  that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.

 The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.    

 Therefore, Budget is the correct answer.

5 0
3 years ago
The aggregate demand curve shows a ________ relationship between ________ and aggregate output ________.
dezoksy [38]
Why should i ever care just kidding 
6 0
3 years ago
Domestic producers experience limited import competition when a VER is in place. As a result, these producers make extra profit
GuDViN [60]

Answer:

Quota rent

Explanation:

When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.

For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.

8 0
3 years ago
Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball
slega [8]
Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x                 (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580          (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

4 0
4 years ago
Which of these phrases is a call to action?
Gemiola [76]

D -it's trying to get you to call so it's a call to action

5 0
3 years ago
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