1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
10

On a shopping trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price was

$79.95. When she brought the coast to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag. After the discount was applied, Melanie paid $63.96, $15.99 less than the original price. The value of Melanie's consumer surplus from this purchase is
A. $79.95 since this is the price she is willing to pay
B. at least $15.99 since this is the difference between the price Melanie is willing to pay for the cont and the actual price she pays, but she could have be willing to pay more than $79.95 for the coat
C. exactly $15.99 since this is the difference between the maximum price Melanie is willing to pay for the cost and the actual price she pays.
D. $63.96 since this is the actual price she pays.
Business
1 answer:
sergij07 [2.7K]3 years ago
5 0

Answer: 5

Explanation: C

Consumer surplus is the difference between the quantity that a consumer is eager to pay for any product and the amount that he or she really ends up paying for that commodity. In this question Melanie was expecting to pay $79.95 when she saw the tag. Later she came to know that the coat was on a sale and she would have to pay 20% less. She finally paid $63.96 that is $15.99 less than the stated price $15.99. Thus, $15.99 is the consumers' surplus.

You might be interested in
A document that authorizes a supplier to deliver a product or service is known as.
Alecsey [184]

Answer:

purchase order

Explanation:

a document that authorizes a supplier to deliver a product or service is known as a purchase order is the purchased cost of goods from outside suppliers cost of goods sold is used when requirements are well understood and there is common agreement between supply chain partners about what certain terms mean

6 0
2 years ago
Read 2 more answers
Strategic planning is the managerial process of creating and maintaining a fit between the organization's objectives and resourc
Thepotemich [5.8K]

Answer:

TRUE

Explanation:

Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.

To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.

7 0
2 years ago
Which is NOT a money management skill discussed in the reading material?
aleksandrvk [35]

Answer:

Option B. Managing your time in a healthy manner

Explanation:

The reason is that the money management moves around the money and managing time has no association with the money savings or money generation or money spending. So the things that matter while managing the flow includes the estimation of cash outflow and inflow in the coming period, budgeting the cash flow, least cash amount required to tackle emergent issues and other issues like opening saving account, short term investment, etc.

4 0
3 years ago
The two most common pricing alternatives for products in the introduction stage of the product life cycle are:.
Anarel [89]

Answer:

penetration pricing and skimming pricing

3 0
2 years ago
How can the local, state and federal government do to help workers who have lost wages or business owners dealing with losses?
Natalka [10]
The government can support those people.
3 0
3 years ago
Other questions:
  • The publicity bureau opened for business in 1900 "to do a general press agent business for as many clients as possible for as go
    7·1 answer
  • Pineapple International uses a job order costing system. Pineapple's accounting manager estimated that direct labor would be $2,
    6·1 answer
  • (8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic compe
    10·1 answer
  • The deeds and actions of a producer indicate what kind of authority?
    8·1 answer
  • It will gain you more knowledge, intensify your soft skills ethics and grow your network
    6·2 answers
  • Anderson sold a property to Kelly. The contract contained the following statement: "Buyer to accept the property in an 'as is' c
    9·1 answer
  • Sissie owns two items of business equipment. Both were purchased in 2015 for $100,000, both have a 7-year MACRS recovery period,
    15·1 answer
  • If $800 is borrowed at 8% interest, find the amounts due at the end of 4 years if the interest is compounded as follows. (Round
    7·1 answer
  • The world trade organization envolved from which of the following?
    6·1 answer
  • 1. Visit a website for a company that sells products or services online. Then go to that company's
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!