Answer:
Consumer Surplus = $1.50
Explanation:
Consumer surplus is the difference between what a consumer is willing to pay for a given amount of goods or services and what he ends up paying.
Therefore,
Consumer surplus = Amount consumer is willing to pay less amount paid
Given that
Elvis is willing to pay 5 + 4 + 4.50 = 13.50 for three
Price of 3 sandwich = 3 × 4 = 12
Consumer surplus = 13.50 - 12
= $1.50
Answer:
A) $97,600
Explanation:
Calculation for the net cash provided or used by operating activities
OPERATING ACTIVITIES
Net Income $86,800
Depreciation Expense 13,500
Gain on Sale of Land (6,800)
Increase in Merchnadize Inventory (3,550)
Increase in Accounts Payable 7,650
Net Cash provided by Operations $97,600
Therefore the net cash provided or used by operating activities will be $97,600
Answer:
$5,750
Explanation:
The computation of the balance in the allowance for doubtful accounts after bad debt expense is shown below:
= Account receivable × estimated percentage - credit balance of Allowance for doubtful accounts
= $295,000 × 0.03 - $3,100
= $8,850 - $3,100
= $5,750
By deducting the credit balance from the estimated amount we can find out the balance in the allowance for doubtful accounts
Answer: marginal Product on Capital
Explanation: A. The company should reduce the amount of capital that its spends on its rentals.
B.The value of the output produced by an additional unit of labor will be less than the cost of employing the additional unit and total profits will fall.
The driver was going 55 mph.
Two hours is not enough to change the first digit of 15951, therefore, 1 is the first and last digit of the new number. The fourth and second digits converted to 6 and the middle digit could either by 0, 1, 2, 3, …,9. Therefore, the driven miles will be 110, 210, 310, … respectively.
So in two hours, the car would have sped up at 55 mph, 105 mph, 155 mph, … respectively.
