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1 year ago

Consumer surplus is the difference between the ___ price a consumer is willing to pay for a product and the price paid.

1 answer:

4 0

Consumer surplus is the difference between the highest price a consumer is willing to pay for a product and the price paid.

A consumer is someone or a group who intends to order, orders, or uses purchased goods, products, or services basically for private, social, family, household and comparable desires, not at once related to entrepreneurial or business sports.

Any individual who purchases services or products for his non-public use and no longer for manufacturing or resale is called a purchaser. A customer is one who's the selection-maker whether or now not to buy an object at the store or a person who is stimulated by using advertisement and advertising

Purchasers represent the top trophic levels. unlike manufacturers, they cannot make their own meals.

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Residential Investment Payments of Factor Income to the rest of the world National Income Inventory Adjustment 0.00 Personal Con

Ivanshal [37]

Please find full question attached

Answer and Explanation:

Gross domestic product is calculated:

Gross Domestic Product(GDP) = Gross National Product (GNP) - Receipts of factor income from rest of the world + Payments of factor income to the rest of the world

So to find GDP, we calculate GNP

GNP = NNP+Depreciation

To calculate GNP, we calculate NNP:

Net national product (NNP) =national income, so we have,

NNP = $2,445 billion

GNP = NNP + Depreciation = $2,445+$75

GNP = $2,520 billion

So we substitute in GDP formula to calculate GDP

GDP = 2,520 - 70 + 50 = $2500 billion

GDP = $2,500 billion

Government consumption and gross investment= Government transfer payments + Non-residential investments

Government consumption and gross investment is given by G

G = 200+250 = $450 billion

G = $450 billion

3 0

3 years ago

Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for

Vanyuwa [196]

Answer:

Place Mix

Explanation:

Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute place mix element of the marketing mix for Blue Apron.

Basically , Market mix have four elements they are -

1. Product Mix - It refers to all the decisions which are related to the product.

2. Price Mix - It refers to all the decisions which are related to the price of the product.

3. Promotion Mix - It refers to all the decisions which are related to the promotion or sale of the product.

4. Place Mix - It refers to all the decisions which are related to make the product deliver to the customer.

When the product is not deliver at the right time and at the right place to the customer ,then all other activities of the marketing mix will be of no use . Place Mix is an important element of the Marketing Mix.

Place Mix have two elements which have in distribution of the product they are -

1. Channels of distributions - It includes the people and the firm .

2. Physical distributions - It includes the transportation or warehouse.

8 0

3 years ago

Even though the nation faces political instability, the island of Pantay with its wide, expansive beaches is a destination hub f

galina1969 [7]

Answer: Foreign Direct Investment

Explanation:

Foreign Direct Investment is a type of investment into a country where the foreign investor establishes a presence by actually running and operating a company in the domestic country.

This is what the large theme park wants to do in Pantay. By making a commitment and hiring hundreds of locals, the company is intent on running a company on the island so this is Foreign Direct Investment.

7 0

3 years ago

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by?

vladimir2022 [97]

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.

Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.

Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.

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5 0

2 years ago

Hodgkiss Mfg., Inc., is currently operating at only 95 percent of fixed asset capacity. Current sales are $800,000. Fixed assets

Norma-Jean [14]

Answer:

$4,292,699.99

Explanation:

Calculation to determine How much in new fixed assets are required to support this growth in sales

Full capacity sales = $800,000/0.95 = $842,105.26

Capital intensity ratio = $480,000/ $842,105.26 = 0.57000000

Fixed asset need = ($890,000 × 0.57000000) - $480,000 = $4,292,699.99

3 0

3 years ago