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Anastaziya [24]
3 years ago
7

There are 100 consumers, each of whom values a concert ticket at a unique whole number dollar amount between $1 and $100. one cu

stomer is willing to pay $1, a second is willing to pay $2, a third is willing to pay $3, and so on. an unlimited number of concert tickets are on sale for $15 each. what is the total consumer surplus in this market
Business
1 answer:
babymother [125]3 years ago
6 0
<span>100 customers each valuing a ticket for a consecutive dollar amount between $1 and $100 would lead to a total available customer value of $5050. If there are 100 tickets available at $15, the market value of the tickets is $1500. People valuing the tickets at less than $15 will reduce the surplus by $62.50, and people valuing the tickets at more than $15 will increase the surplus by $3675. Therefore the total consumer surplus in this market is $3,612.50.</span>
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Black market dealers are often legitimate businesses with questionable and illegal practices. (points : 2) true false
amm1812
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6 0
3 years ago
Suppose OPEC oil cartel announces that it will increase production of oil. Using supply and demand analysis to predict the effec
NISA [10]

Answer:

The first step is to show where the supply curve will shift, and in this case, the supply curve will shift to the right.

This is because OPEC has decided to increase oil production, or in other words, it has decided to shift the oil supply to the right. After this, the equilibrium price will probably fall, unless demand also rises proportionally.

8 0
3 years ago
Two years ago, the de Castellane Manufacturing Company included its employees in a profit-sharing plan in which workers receive
lina2011 [118]

Answer:

The correct answer is operant conditioning.

Explanation:

Operative conditioning is a form of incentive, whereby a group of individuals are more likely to repeat forms of behavior that carry positive consequences and less likely to repeat those that carry negative consequences. In this case, by involving the company's employees in productivity gains, the positive behavior that leads to this happening is rewarded.

Have a nice day!

5 0
3 years ago
In divisional income statements prepared for Lemons Company, the Payroll Department costs are allocated to user divisions on the
AlladinOne [14]

Answer:

Lemons Company

a. Total amount of payroll checks = 920

amount of purchase requisitions = 12,500

b-a                  Residential      Commercial     Government  Total

Payroll         $32,832               $19,152          $10,944        $62,928

b-b  Purchasing

 Costs        $17,688                 $4,717              $7,075      $29,480

c. Residential's service department charge is __higher__ than the other two divisions because Residential is a user of service department services. Residential has many employees on a weekly payroll, which translates into a __higher__ number of payroll transactions.

Explanation:

a) Data and Calculations:

Cost of the Payroll Department = $62,928

Cost of the Purchasing Department = $29,480

                               Residential      Commercial     Government  Total

                                                                                     Contract

Sales                      $2,000,000     $3,250,000      $2,900,000 $8,150,000

Weekly payroll

(52 weeks per year)      400                     250                     150            800

Monthly payroll                 80                       30                        10             120

Total                               480                      280                     160            920

Number of purchase

 requisitions per year 7,500                 3,000                 2,000        12,500

a. Total amount of payroll checks = 920 (800 + 120)

Total amount of purchase requisitions = 12,500

b-a                  Residential      Commercial     Government  Total

Payroll         $32,832               $19,152          $10,944        $62,928

         (480/920 * $62,928) (280/920 * $62,928)  (160/920 * $62,928)

b-b  Purchasing

 Costs        $17,688                 $4,717              $7,075      $29,480

      (7,500/12,500 * $29,480) (2,000/12,500 * $29,480) (3,000/12,500 * $29,480)

Total         $50,520              $23,869         $18,019       $92,408

Percentage 54.7%                  25.8%              19.5%         100%

4 0
3 years ago
Alyssa has set up a personal budget with total monthly expenditures of $ 3250. If 20 percent sign of her income is taken out of
sveta [45]

The minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.

Data and Calculations:

Monthly expenditures = $3,250

Taxes and other deductions = 20% of monthly income

Monthly expenditures in percentage = 80% (1 - 20%)

Minimum income per month = $4,062.50 ($3,250/80%)

Thus, the minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.

Learn more: brainly.com/question/25571450

6 0
2 years ago
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