All categories

4 years ago

Consumer surplus is___________.

Business

1 answer:

uysha [10]4 years ago

8 0

Answer: Option E

Explanation: Consumer surplus is a reflection of consumer benefits economically. Consumer surplus arises when the price consumers pay for a product or service is lower than the value they are prepared to pay.

It's a representation of the extra benefit customers get because they spend less for anything than they're ready to pay. Consumer surplus is centered on the marginal benefit economic theory, which seems to be the added value that a consumer receives from another segment of a product or service.

Thus, from the above we can conclude that the correct option is E .

You might be interested in

Assume that the economy is at equilibrium in the diagram shown above. Which of the following would lead to lower price levels wi

Liula [17]

I think it is A
Hope this help you?!

4 0

3 years ago

Sina looks over annual performance evaluations for all employees in the sales department. Based on their performance, she deter

Anni [7]

Answer:

Sina looks over annual performance evaluations for all employees in the sales department. Based on their performance, she determines who is eligible for merit-based salary increases. Sina belongs to the human resources work group.

Option E is the correct answer.

Explanation:

Option E is the correct answer, the reason being that the human resources department supervises all the employees' performance and incentive associated matters.

8 0

3 years ago

Read 2 more answers

ranson Inc. has sold product to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has

Ahat [919]

Answer: See explanation

Explanation:

The effective price of the transaction to Branson based on the interest rate given will be:

1. PV = FV [PVF6,2] = $10,000(0.89) = $8,900

Therefore, $8,900 + $10,000 = $18,900

Effective Discount will be:

= (20000 - 18900) / 20000 × 100

= 1100/20000 × 100

= 0.055

= 5.5%

2) PV = FV [PVF8,2] = $10,000(0.8573) = $8,573

Therefore, $8,573 + $10,000 = $18,573

Effective Discount will be:

= (20000 - 18573)/20000 × 100

= 1427/20000 × 100

= 0.07135

= 7.135%

3) PV = FV [PVF10,2] = $10,000(0.8264) = $8,264

Therefore, $8,264 + $10,000 = $18,264

Effective Discount will be:

= (20000 - 18264)/20000 × 100

= 1736/20000 × 100

= 0.0868 × 100

= 8.68%

4) PV = FV [PVF12,2] = $10,000(0.7972) = $7,972

Therefore, $7,972 + $10,000 = $17,972

Effective Discount will be:

= (20000 - 17972)/20000 × 100

= 2028/20000 × 100

= 0.1014 × 100

= 10.14%

6 0

3 years ago

Activity-based costing allocates selling and administrative expenses a.based on sales volume in dollars. b.in accordance with GA

ollegr [7]

Based on how each product consumes activities, activity-based costing allocates selling and administrative expenses. Hence, Option D is the correct statement.

<h3>What do you understand by Activity-based costing?</h3>

A costing technique that identifies activities in an organization and assigns the cost of every activity to all services and products in line with the real consumption via way of means of each is referred to as Activity-based costing.

This version of the costing technique assigns greater indirect costs into direct fees as compared to traditional costing.

Hence, Based on how each product consumes activities, Activity-based costing allocates selling and administrative expenses. Option D is the correct statement.

learn more about Activity-based costing:

brainly.com/question/6654166

#SPJ1

5 0

2 years ago

Johnson Electronics makes calculators. Consumer satisfaction is one of the top priorities of the company's management. The compa

dimulka [17.4K]

Answer:

the probability that exactly 30 of the 500 calculators IS 0.0495

Explanation:

Given data:

number of calculators n = 500,