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andriy [413]
3 years ago
13

Nicki paid $900 for a camera that she thought was worth $1100 for all the features included in it. for the consumer electronics

firm selling the camera, however, the cost of producing the camera was only $350. what is the consumer surplus in this scenario?
Business
1 answer:
FinnZ [79.3K]3 years ago
7 0

Consumer surplus is difference between the amount that consumers are willing and able to pay for a good or service

In this case, Nicki is willing to pay $1,100 for the camera, but she is only asked to pay 900. So Nicki has a consumer surplus of $200

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Anuta_ua [19.1K]

Answer:

access to end consumers

Explanation:

Handling the supply chain relates to handling the day-to-day operations related to the product and services.  

The goal is to turn the raw material into the finished products by going through the process work cycle so that the product is ready to be sold and shipped to the consumer with prescribed time and exact location.  

In turn, it also focuses on achieving a competitive advantage and improving client satisfaction.

At the beginning of the supply chain, they less focus to the end consumers.

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3 years ago
A manufacturer produces hacksaw blades. recently, the manufacturer has decided to enhance its product line and offer band blades
ikadub [295]

Answer: The options are given below:

A. $20,000 $40,000

B. 20,000 $10,000

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Explanation:

The incremental cost of making the band blades is calculated as follows:

=> $30,000 forgone profit contribution

+

$10,000 avoidable fixed manufacturing overhead

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= $190,000

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4 0
3 years ago
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inn [45]

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6 0
3 years ago
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kiruha [24]

Answer:

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When there is error on the credit and debit balance, then the account of accounts receivable will contain the balance of the error which amounts to $1,800.

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