If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay for the good is $20. To solve for this question, subtract the surplus amount of $30 and the actual price paid of $50 together. Consumer surplus is defined as the difference in the amount of money that a consumer is willing to pay vs what they actually pay for a good or service.
Answer: d. founder: second-stage entrepreneur
Explanation:
The founder is the person who initiates the business therefore John in this scenario is the founder of the business.
A second-stage entrepreneur is the person who takes over the business after the company leaves its initial startup phase. As Larry now runs the business even though John founded it, Larry would rightly be classified as a second-stage entrepreneur as he runs the business after the startup phase where John founded it.
Of supply increases and demand increases.
Solution:
Given,
Sandra's family's monthly net income = 6654
Family decides to increase the savings budget by 3%
Decreasing one of the variable expenses by 3%
If the family decreases the clothing budget by 3 percent,
then $466 would have to spend ( Rounded the nearest dollar )
Answer:
contractual vertical
Explanation:
A vertical marketing system can be defined as a form of cooperation that exists between the different levels that makes up a distribution channel. The individuals in the channel ensure that they work in unity inorder to accelerate the rate of efficiency.
The three elements that constitutes a a vertical marketing system include:
- Producer
- Wholesaler
- Retailer
In a corporate vertical marketing system a single organization is responsible for production, development, marketing, and distribution of a particular product. All levels of the distribution channel is handled by a single company.