Answer:
Total consumer surplus is $12
Explanation:
Consumer surplus refers to the benefit derived by the consumer from the amount he is willing to pay as against market price. For example, Glee is willing to pay $10 for a product. The market price of the product is $5. His consumer surplus will be $5 (benefit).
Here, market price is $5.
Buyer is willing to spend $10 for first unit. Consumer surplus is $5 (10 - 5)
Buyer is willing to spend $9 for second unit. Consumer surplus is $4 (9 - 5)
Buyer is willing to spend $8 for third unit. Consumer surplus is $3 (8 - 5)
Total consumer surplus is $12 (5 + 4 + 3)
Answer:
option (D) $138,000
Explanation:
Data provided in the question:
Purchasing cost of the machine = $126,000
Additional costs for this machine :
Shipping = $3,000
Installation = $4,000
Testing = $5,000
Now,
The cost of machine that should be reported
= Purchasing cost + Additional costs incurred
= $126,000 + $3,000 + $4,000 + $5,000
= $138,000
Hence,
The correct answer is option (D) $138,000
Answer:
The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.
Explanation:
Externalities are costs third parties have to be responsible for even if they were not involved in causing the externality. There are positive externalities and negative externalities. <em>Positive externalities</em> are those that third parties benefit from. <em>Negative externalities</em> affect third parties.
Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.
Answer:
Core competencies
Explanation:
Competencies can be defined as a combination of various skills which are essential to increase productivity.
Core competencies can be described as the different skills and practices which all employees in an organization are expected to possess irrespective of the various department's they belong to.
Some examples of core competencies include:
- Creativity
- Team work
- Technological awareness
- Leadership
- Good sense of organization.
- Accountability
Answer: A Refugee
Explanation:
A Refugee is an individual who has left his native country and crossed into another country, due to conflict or war in their native land. In most cases, refugees are unable to return to their native country and would have to start life afresh in the new country.
