Answer:
Answer explained below
Explanation:
decrease in consumer surplus = 0.5(initial number of bottles - final number)*(final price-initial price) + (final price-initial price)*(final number)
where initial number of bottles = 25
final number of bottles = 15
initial price = $390
final price = $390
substituting these values, we have
- decrease in consumer surplus = 0.5(25-15)(450-390) + (450-390)15 = 1200
Consumer surplus decreases by 1200
- Consumers will buy the good as long as marginal benefit is greater than or equal price.
Thus quantity demanded will be 2 from the table
Consumer surplus = 240- market price = 240 -220= 20
Consumers total benefit = 220*quantity demanded = 220*2= 440
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility
This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
Answer:
expenditures and taxes
Explanation:
Fiscal policy refers to a government action to adjust taxes and expenditures to influence economic growth. Taxes are the main sources of income for the government. A rise in taxes increases revenue to the government but lower individual disposable income. High taxes discourage investments and business expansion.
Government expenditure in infrastructure and other projects creates employment and incomes in the economy. Reduced spending by the government may result in a lower aggregate demand. The government uses fiscal policies together with monetary policies to achieve its economic goals.
Answer:
The amount received in cash is $2,328
Explanation:
The amount which is received in cash is computed as:
On January 20, the amount of $600 goods returns from customer, so the remaining balance is
= $3,000 - $600
= $2,400
On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is January 25. So,
= $2,400 x (100% - 3%)
= $ 2,400 x 97%
= $ 2,328
<span>The primary purpose of the requirements analysis phase is to determine and document the specific features and functions of the new system. It does not eliminate obviously nonsensible projects before forming a project development team. Identify the requisite skills needed or show personnel assigned to the project or investigates how much similar projects have cost in the past.</span>
