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Lapatulllka [165]
3 years ago
9

Pietro estimated that a pair of Style King jeans would be worth 50 for its brand and durability. However, at the Style King stor

e, the pair of jeans he wanted was available for 40. The difference of 10 in this scenario is referred to as the:__________
Business
1 answer:
sergejj [24]3 years ago
8 0

Answer:

Consumer Surplus

Explanation:

Consumer Surplus occurs when a expensive item is available at a discounted price in the market. The difference in price charged by the market and the discounted price of the similar product is customer surplus. In this question, the consumer surplus is:

Customer Surplus = $50 average price in the market - $40 Discounted Price

Customer Surplus =  $10

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Regardless of on whom a tax is levied, sellers face which of the following?
IceJOKER [234]

Answer:

A a decrease in the amount of money they receive

Explanation:

If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.

But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.

7 0
3 years ago
HELP ME WITH MY ASSIGNMENT GUYS
I am Lyosha [343]

The effects of political in Saudi Arabia on Proton’s operations and products is that  there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.

<h3>What political risks exist within Saudi Arabia?</h3>

Political risk in Saudi Arabia is known to be one that is often low or moderate in nature.

Note that The effects of political in Saudi Arabia on Proton’s operations and products is that  there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.

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brainly.com/question/9855429

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8 0
2 years ago
Which of the following is a common role of government in a” market economy? a. Provide public goods b. Own the factors of produc
lozanna [386]
It is A. Provide public goods
Hope this helps!
4 0
3 years ago
The government unit that wants to achieve "revenue enhancement" will find it considerably more favorable to enact an excise tax
boyakko [2]

Answer:

C. highly inelastic

Explanation:

An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.

If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.

This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.

This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.

6 0
3 years ago
Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 3
Dafna11 [192]

Answer:

b- $2,400

Explanation:

The computation of the amount that should be recorded is given below:

= 3 months rent ÷ number of months

= $7,200 ÷ 3 months

= $2,400

Hence, the amount of rent that should be recorded is $2,400

Therefore the option b is correct

The same should be considered

7 0
3 years ago
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