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Rashid [163]
3 years ago
13

Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$14​, a second lawn for ​$16​

, and a third lawn for ​$22. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay ​$30 to have her lawn​ mowed, Mr. Wilson would be willing to pay ​$28, and Ms. Smith would be willing to pay ​$22.
Business
1 answer:
zimovet [89]3 years ago
8 0
The answer in what if Tom offers to mow lawns for $22 each, what will be his producer surplus?
Tim's producer surplus would be $14 
Tim would be able to mow all three lawns at a price of $22, because all three of his neighbors would be willing to pay at least that much. Tim would receive a total of $22 x 3, or $66 for mowing the three lawns. 
Tim's "supply curve" would be: he would be willing to mow three lawns for a total of $14 + $16 + $22, or $52. 
He receives $66 for something that he would be willing to do for $52, so his producer surplus would be $14.
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Correctly complete the following statement. We may be more likely to consider using qualitative forecasting techniques when Sele
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Answer:

b

Explanation:

There are two types of forecasting method

1. Qualitative forecasting

2. Quantitative forecasting

Qualitative forecasting can be described as when subjective judgement or non quantifiable information in forecasting.

<em>When is qualitative forecasting suitable ?</em>

  1. It is used when historical data in unavailable.
  2. this method is suitable when it is predicted that future result would depart from what historical data may suggest

<em>Advantages of Qualitative forecasting </em>

  1. it is flexible
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<em>Disadvantage of Qualitative forecasting </em>

It is subjective.

Quantitative forecasting can be described as forecasting using historical data

3 0
2 years ago
Please check my answer. I picked A.
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7 0
3 years ago
Which of the following is a likely reason that a company would move its facility from one location to another?
Finger [1]
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7 0
3 years ago
You can purchase an item you need for a project for $10,000 and it has daily operating costs of $500, or you can lease the item
aleksandr82 [10.1K]

Answer:

On the 50th day, the purchase cost will be equal to the lease cost

Explanation:

Given that:

  • Daily operating costs of $500
  • Purchasing cost for the item:  $10,000
  • Lease amount: $700

Let x is the number of days the purchase cost be the same as the lease cost. As we now that:

The total cost should be equal to the total lease received

<=> 10,000 + 500x = 700x

<=> 200x = 10000

<=> x = 50

Hence, on the 50th day, the purchase cost will be equal to the lease cost

3 0
3 years ago
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con
Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor)  can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner  if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0
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