Answer:
Explanation:
The consumer surplus per consumer is the difference between the average price the consumers are willing to pay for a product, given the utility of the product, and the they are paying.
Since they are paying $81 and they are willing to pay $208, the average surplus per consumer is:
The surplus ot the consumer is a monetary measure of how much a purchase benefits the consumer.
Answer:
Dividend paid to preferred stock holders
= 10% x $100 x 10,000 shares = $100,000
Dividend paid to common stock holders
= $250,000 - $100,000
= $150,000
The correct answer is A
Explanation:
First and foremost, there is need to calculate the dividend paid to preferred stock holders, which is a function of dividend rate, par value and number of preferred stocks outstanding.
Finally, we will calculate dividend paid to common stockholders by deducting preferred dividend from the total dividend declared.
Answer:
Many companies take advantage of lenient labor laws by setting up facilities in low-income countries.
Explanation:
Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive.For the development of firms and the evolution of capitalism globalization is a very positive phenomenon. However, globalization has some deleterious effects. Some multinational companies take advantage of flaws in the labor laws of underdeveloped countries to exploit the labor of the people of those countries. With low wages and poor social security, people in these countries consume less, get sicker and have less access to goods and services. This hinders human development and hence the productivity and economy of these countries.
Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
Answer:
The labor market operates in the US and other free-market systems according to the laws of supply and demand. Workers or laborers offer their time to the marketplace for a price. Business firms have a demand for labor of various kinds at various prices.
Explanation:
