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ahrayia [7]
4 years ago
14

Andrew paid $30 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Andrew

’s friend Nick learns that Andrew bought a potato cannon, he asks Andrew if he will sell it for $60, and Andrew agrees, since he would have sold it for $45. Nick is thrilled, since he would have paid Andrew up to $80 for the cannon. Andrew is also delighted. What is Andrew’s producer surplus from the resale?
Business
1 answer:
alexira [117]4 years ago
3 0

Answer: $15

Explanation:

Producer surplus represents the producer's profit when selling a product. It's determined by the difference between the actual amount for which the producer sold the item and the amount they were willing to accept.

In this case, Andrew was willing to accept $45 for the potato cannon, but sold it for $60, so

$60 - $45 = $15 , Andrew's producer surplus.

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Answer:

The answer is in my explanation

Explanation:

First I would fix the misplaced characters, and I wouldn't add the last sentence in that way. I would rather write it like this: "To sign up for the workshop respond to this email. Hope to see you soon!" or sth like this to make people motivated about going to the workshop.

8 0
3 years ago
Liz offers to sell max her ipad for $200. max says, "okay, but only if you include the case and other accessories." max has:
Brut [27]
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5 0
4 years ago
Which is not true of limits? Select one: a. Are the point where you should stop the negotiation b. Are also called resistance po
Rama09 [41]

Answer:

The correct answer is letter "B": They should be ignored in a bidding war.

Explanation:

Negotiations are vital in every aspect. They allow individuals to deal with situations in which parties need from each other but either of them is willing to take the first step to come to an agreement. Negotiations can also be useful out of problematic situations when parties voluntarily want to make a pact but the initial terms are unclear.

Placing limits for negotiations is important as well. Limits will prevent parties from giving to much of themselves or avoiding the other party to take advantage of a given situation. Thus, in front of war, limits must be placed in a negotiation.

7 0
4 years ago
A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%
Drupady [299]

The cost of the bond at costing is $984.50.

<h3>What is a bond?</h3>
  • A bond is a type of financial security in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.
  • Interest is usually paid at regular intervals (semiannual, annual, and less often at other periods).
  • As a result, a bond is a type of loan or IOU.
  • Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, current expenditures.

To determine the cost of the bond at costing:

  • $1,000 is the face value.
  • Multiply this by the closing rate to find the cost of the bond at closing.
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Therefore, the cost of the bond at costing is $984.50.

Know more about bonds here:

brainly.com/question/25965295

#SPJ4

7 0
2 years ago
Mary is an authorized user on her parents' credit card. What may happen if Mary doesn't use the card in a responsible way?
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5 0
4 years ago
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