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
hichkok12 [17]
3 years ago
15

A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons

iders herself a grill-master, and finds a grill a necessity, so she is willing to pay $400 for a grill. Javier is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Kamal wants to impress his friends with his vegetable grilling skills and is willing to pay $320 for a grill. Lina loves grilled shrimp and thinks it might be cheaper in the long run if she grills her own shrimp instead of eating out at a restaurant, so she is willing to pay $200 for a grill. If the market price ofgrills increases from $300 to $320, given the scenario described:
a. Collin is the only consumer who would be affected in terms of surplus.
b. Daniel drops out of the market.
c. Collin drops out of the market.
d. Collin loses any surplus he had.
Business
1 answer:
xxMikexx [17]3 years ago
6 0

Answer: d. Kamal loses any surplus he had.

Explanation:

The Consumer Surplus is defined as the difference between what a customer is willing to pay for a good minus the price of the good/ the price they pay.

Kamal was willing to pay $320 and the price was initially $300 which meant that he had a surplus of $20. The price has now increased to $320 which is the amount he is willing to pay so there is no longer a surplus. Kamal loses any surplus he had.

You might be interested in
Automation has improved the quality and efficiency of repetitive tasks. True or False
denis-greek [22]

Answer:True

Explanation:

8 0
3 years ago
Read 2 more answers
Minter is a small software technology firm. To create equal opportunities in the workplace, the management of Minter wants to hi
Eddi Din [679]

Answer:

c) affirmative action

Explanation:

c) affirmative action

affirmative action is a type of policy that is concerned on the upliftment of the minority group. As it is given in the information above, the minter providing help to minority races by hiring more employee from these races.

it provide access to opportunity for different races. it is first created by president JOHN F KENNEDY  in the year 1961. it enforced to restrict employer not to discriminate on the basis of color, region or religion etc.

3 0
3 years ago
Please choose one of following answers that are in quote
bezimeni [28]

Answer:

it would be better to go the his parents house so it would be cheaper, probably around $10

Explanation:

5 0
3 years ago
Sparks Corporation has 3,000 shares of 8%, $100 par value preferred stock outstanding at December 31, 2017. At December 31, 2017
Korvikt [17]

Answer:

We can assume that Sparks Corporation is going to pay preferred stockholders first:

preferred stock dividends = $100 x 8% x 3,000 = $24,000

If the corporation doesn't owe any previous dividends to preferred stockholders, then the remaining $81,000 (= $105,000 - $24,000) should be distributed to common stockholders.

Each preferred stock will receive a $8 dividend. I don't know the amount of outstanding common stock, so it is not possible to determine how much dividend will be distributed for each common stock outstanding.

7 0
3 years ago
Which of the following is not an example of a group responding to an incentive? a.Students attend class because of an attendance
oksano4ka [1.4K]

Answer:

c. Universities offer fewer online classes when they generate more revenue than traditional classes.

Explanation:

In this case, the fact that online classes generate more revenue than traditional classes should be an incentive for Universities to offer more online classes instead of fewer online classes. This example clearly does not represent a group responding to an incentive. All of the other examples have a clear cause and consequence relationship and therefore represent groups responding to an incentive.

7 0
3 years ago
Other questions:
  • Analyzing the effects of transactions on the accounting equation.
    10·1 answer
  • Refer to hewlett-packard. critics say that fiorina’s weakness as ceo is that she focused too much on ____ and not enough on ____
    10·1 answer
  • When drawing a histogram it is important to
    5·1 answer
  • Agribusinesses that sell commodity products such as wheat, rice, and corn are often in ________ position with their competitors.
    13·1 answer
  • Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct
    13·1 answer
  • Benefits may include things like health insurance, life insurance, retirement funds, equity opportunities (stock in the company)
    5·1 answer
  • In a free-market economic system if the consumers perceive the price
    7·2 answers
  • <img src="https://tex.z-dn.net/?f=%5Ccolor%7Bred%7D%7B%E2%9A%A0TheQueenNoNeedAKing%E2%9A%A0%7D%20" id="TexFormula1" title="\colo
    12·2 answers
  • What is the main purpose for property home​
    7·1 answer
  • suppose smith wants one iphone no matter what the price is between $0 and $350, jones wants one iphone no matter what the price
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!