Answer:
The answer is: D) $1.75
Explanation:
Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good and the actual price paid for the good.
Larry, Alan and Ryan were all willing to pay more for a bottle of soda than the actual price of the soda.
- Larry's consumer surplus = $2 - $1 = $1
- Alan's consumer surplus = $1.50 - $1 = $0.50
- Ryan's consumer surplus = $1.25 - $1 = $0.25
The total consumer surplus is $1 + $0.50 + $0.25 = $1.75
Answer:
Net Asset value (NAV)
Explanation:
Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula
Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.
Mutual fund portfolio normally includes all the cash and securities of a fund.
NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.
Answer:
Indirect costs incurred in a manufacturing environment that cannot be traced directly to a product are treated as Product costs and expenses when the goods are sold, Option D.
Explanation:
Indirect costs are also manufacturing overheads which cannot be directly put on the product but they have to be allocated in some way. So, these are treated as 'product costs' and 'expenses' when the goods are sold. They are not period costs as per Option A and option C. Option B which says that it is product costs when incurred, which is also incorrect.
Examples of indirect costs can be accounting and legal expenses, rent, telephone expenses, salaries of administrative.
Direct costs includes the costs of direct 'labor', materials and commissions.
Answer:
Option d would be the correct approach.
Explanation:
- The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
- This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.
Many examples do not apply to the subject being discussed. So option d is indeed the right one.
