Answer:
a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.
Consumer Surplus;
= 40 - 31
= $9
When the amount that a consumer is willing to pay for something is more than the amount they actually pay, the difference is the Consumer surplus.
b. I sold a used laptop for $137, even though I was willing to go as low as $130 in order to sell it.
Producer Surplus
= 137 - 130
= $7
When the amount that a producer is willing to sell something for is less than the amount they actually sell it for, the difference is the Producer surplus.
c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.
Read the excerpt from Queen Elizabeth's Address to the Troops at Tilbury.
I know I have the body but of a weak and feeble woman; but I have the heart and stomach of a king, and of a king of England too, and think foul scorn that Parma or Spain, or any prince of Europe, should dare to invade the borders of my realm; to which, rather than any dishonour shall grow by me, I myself will take up arms, I myself will be your general, judge, and rewarder of every one of your virtues in the field.
In this excerpt, Queen Elizabeth is attempting to persuade troops that she
dislikes most European countries.
has the qualities of a capable leader.
is physically able to fight as a soldier.
will make a fair and virtuous judge.
<span>The increase in drug r is a manipulation of the independent variable. The dependent variables here are the changes produced by the drug in the symptoms of GAD.</span>
<span>the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.
</span>
Answer:
3.00%
Explanation:
Required return of a stock = Risk free rate of return + (average required return - Risk free rate of return) (Beta of the stock)
Required return of Stock R = 0.03 + [ (0.09 - 0.03) * 1)] = 0.09
Required return of Stock S = 0.03 + [ (0.09 - 0.03) * 0.45)] = 0.06
Difference = 0.09 - 0.06 = 0.03, or 3%
Therefore, the required return on the riskier stock will exceed the required return on the less risky stock by 3.00%.
