Answer:
$200
Explanation:
Given that,
Price of sweeter = $100
Marginal benefit from sweeter = $300
Recall that
Consumer surplus refers to the marginal benefits gotten from a good in excess of the price of paid for that good, summed over the total quantity of goods bought.
Since only one sweeter was bought
Thus,
Consumer surplus = (marginal benefit - price) ÷ quantity bought
= (300 - 100) ÷ 1
= $200
Answer: c. $18,000
Explanation:
Provision for doubtful accounts estimate;
= 600,000 * 3%
= $18,000
This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.
By changing its shape, the lens focuses light onto the retina. Through the action of small muscles (called the ciliary muscles), the lens becomes thicker to focus on nearby objects and thinner to focus on distant objects.
Answer: <u><em>Profitability index</em></u> is the financial method of analysis which will provide the information that the owner requests
This is an assessment technique inflicted to possible outlays. This splits the proposed capital flow by the planned capital outflow to find out the profitability of a project
<u><em>Therefore the correct option is (d).</em></u>
Answer:
b. the marginal cost of one more glass of lemonade is smaller than if output were high.
Explanation:
Since the Thirsty Thelma operates in small lemonade stand and when she produced a low quantity of lemonade she has fewer workers plus her equipment is also not fully utilized
So she put her idle resources to use for one more glass of lemonade as if its output is high
Hence, the second option is correct
