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ss7ja [257]
4 years ago
8

Suppose the actual price for good a is $20. john is willing to pay $30, susie is willing to pay $28, joseph is willing to pay $2

5, jessica is willing to pay $23, and jeremy is willing to pay $21. what is total consumer surplus?
Business
1 answer:
victus00 [196]4 years ago
7 0

Answer: Total consumer surplus is $27

We calculate Consumer Surplus as follows:

Consumer Surplus = Amount consumer is willing to pay - Price of the product

We calculate Consumer Surplus for each person

Person                 Price Willing      Actual Price               Consumer Surplus

John                          30                      20                      30 - 20 = 10        

Susie                         28                      20                      28 - 20 = 08

Joseph                      25                      20                      25 - 20 = 05

Jessica                      23                     20                        23 - 20 = 03

<u>Jeremy                      21                      20                        21 - 20 = 01 </u>

<u>Total   Consumer Surplus                                                                27         </u>

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Gnoma [55]

Answer: Marketing Automation

Explanation:

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Marketing Automation helps to increase sales because a wider range of customers can be reached. It also increases the efficiency of the sales and marketing department and reduce human errors.

Marketing automation can be used for customers with automated message in an Organization.

It requires sending bulk messages to potential customers through mails and text. Messages are sent to customers automatically in marketing automation.

Marketing automation is an online marketing strategy that reduces time wastage.

6 0
3 years ago
The ability of one country to produce a good or service more efficiently than another is called a(n) _____.
dsp73

Answer:

absolute advantage

Explanation:

the answer is absolute advantage know the explanation for it .

5 0
2 years ago
Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently inc
8090 [49]

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

5 0
3 years ago
Schmaltz Herring revenue and costs are forecast to be changed this year from last. But the IRS has announced an increase in the
11111nata11111 [884]

Answer:

If Schmaltz pays the same amount of dividends, its payout ratio will:

change.

Explanation:

Since the revenue and costs will change in the current year, with some increase in the corporate income tax rate by the IRS, the earnings per share will also change.  If the amount of dividends paid out does not change, the payout ratio will still change as a result of the change in the earnings per share.

Schmaltz's payout ratio shows the relationship between the dividends paid to shareholders and the company's earnings.  The simplest way to calculate the payout ratio is to divide the dividend per share by the earnings per share, then multiplied by 100.

6 0
3 years ago
Which document do property managers and the owners they represent sign to formalize the agency relationship?
Digiron [165]

Property management agreement is the document which is used by the owners and property managers to sign and formalize the agency relationship

An agreement for property management is made between the owner of the property and the manager who is employed to look after it. In addition to costs for upkeep, leasing, and tenant eviction, it is typical for the management to get a percentage (%) of the overall revenue made by the property.

A property owner and the organization or individual engaged to manage the property enter into a property management agreement. This agreement details the duties a management business undertakes on behalf of the owner.Good property management agreements go beyond simply outlining the roles that each party will play. They also include liability insurance.

Learn More About Property:

brainly.com/question/14478664

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7 0
2 years ago
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