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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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The primary difference between accrued revenues and unearned revenues is that accrued revenues have:________. a) been recorded a
adoni [48]

Answer: D) not been recorded and unearned revenues have.

Explanation:

Accrued revenue is a term used to describe a sale that has been recognized by the seller, but which has not yet been billed to the customer. Accrued revenue is needed in order to match revenues with expenses. The absence of accrued revenue would tend to show excessively low initial revenue levels and low profits for a business, which does not properly indicate the true value of the organization.

Unearned revenue on the other hand is the money received from a customer for work that has not yet been performed (in advance payment). This is an advantage to the seller who now has the cash to perform the required services. Unearned revenue is a liability for the recipient of the payment.

3 0
3 years ago
What is the approximate yield to maturity and the exact yield to maturity (use a calculator) for the $1,000 semi-annual bond? As
bagirrra123 [75]

Answer:

6.67% and 6.694%

Explanation:

The computation of the approximate yield to maturity and the exact yield to maturity is shown below:

For Approximate yield to maturity it is

= 2 × ((Face value - current price) ÷ (2 × time period) + face value × coupon rate ÷ 2) ÷ (Face value + current price) ÷ 2)

=2 × (($1,000 - $950) ÷ (2 × 10) + $1,000 × 6% ÷ 2) ÷ (($1,000 + $950) ÷ 2)

= 6.67%

Now

the Exact yield to maturity is

= RATE(NPER,PMT,-PV,FV)

= RATE (10 × 2, 6% × $1000 ÷ 2,-$950,$1,000) × 2

= 6.694%

7 0
3 years ago
Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in
kramer

The less the money left by Simon at the end of the month after the monthly payments made him take the step of evaluating the results.

<h3>What is the five-step problem-solving process?</h3>

The five-step problem-solving has been given as the step that enables the person to evaluate the problem and find the solution. The steps involved are:

  • Evaluate the problem
  • Search alternatives
  • Find the best alternative
  • Make the decision
  • Evaluate the result

The step taken to Simon to buy the computer has been the decision-making, thus after the monthly payment, Simon had to evaluate the result of his decision. Thus, option C is correct.

Learn more about problem-solving, here:

brainly.com/question/3418829

4 0
2 years ago
During April, a customer asks you to create an arrangement for an invalid friend who must stay at home for five more days. The i
slega [8]
Narcissus in yellow. Because the friend likes the color yellow and fragrant flowers. It is also important to know that narcissus is a fragrant flower..
6 0
3 years ago
"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en
julsineya [31]

Answer:

co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership  is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

5 0
3 years ago
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