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Tju [1.3M]
1 year ago
6

what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de

creases producer and consumer surplus are unchanged consumer surplus increases g
Business
1 answer:
Diano4ka-milaya [45]1 year ago
3 0

Consumer surplus drops when a good's price rises while keeping everything else constant.

<h3>What is consumer surplus ?</h3>

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.

In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.

To know more, consumer surplus, visit :

brainly.com/question/29025001

#SPJ4

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Bingel [31]
The correct answer is false
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3 years ago
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank stat
fredd [130]

Answer: $31,625

Explanation:

To find out the adjusted cash balance per the bank records we will do the following,

First we'll add the deposits in transfer as the bank account already has those,

= 29,361 + 3,650

= $33,011

The bank incorrectly increased a check issued to $94 from $49 so we add the difference to above amount

= 33,011 + (94 - 49)

= $33,056

Then finally we subtract the outstanding checks.

= 33,056 - 1,431

= $31,625

The adjusted cash balance per the bank records should be $31,625.

6 0
4 years ago
Which of the following is typical of products such as the earliest iPod when it is in the market introduction phase of the produ
Alisiya [41]

Answer:

The correct answer is: Low sales volume.

Explanation:

This is a part of the introduction stage of the product life cycle. <u>Normally, when a product appears in the market, as it is new and unknown, the sales are not high. Even more with innovating and completely new products, when people still don't trust it or simply haven't discovered it. This is where the marketing tools work on actually making a market for it. </u>

If this first stage is successful, then <em>sales and profits start rising rapidly.</em>

<em>Tough competition with competing products</em> is a marketing strategy in the situations when we launch a product that already exists on the market, but we want to emphasize that ours is better or special for some reason.

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3 0
3 years ago
ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 4.7 percent, how mu
artcher [175]

Answer:

$19,870.39

Explanation:

To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:

PV=FV/(1+i)^n, where

PV= Present value

FV= Future value=$25,000

i= interest rate=4.7%

n= number of periods of time= 5 years

PV=25,000/(1+0.047)^n

PV=25,000/(1.047)^5

PV=19,870.39

According to this, the answer is that you will have to deposit today $19,870.39.

7 0
3 years ago
West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximately 5 divorces per 1000 peopl
liubo4ka [24]

Answer:

Kindly check explanation

Explanation:

Given the data:

x___ f(x)

10__ 0.05

20__0.10

30__0.10

40__0.20

50__0.35

60__0.20

a. Is this probability distribution valid?

Yes

Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1

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b. What is the probability MCC will obtain more than 30 new clients

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x = 10

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d)Compute the expected value and variance of x.

Expected value (E(x)) :

Σ(x * f(x))

= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)

= 43

Σ(x * E(x))² * f(x)

= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2

= 201

3 0
4 years ago
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