Ask question

Ask question

All categories

3 years ago

9

Use the black point (plus symbol) to indicate the equilibrium price and quantity of tablets. Then use the green point (triangle

symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus.

1 answer:

777dan777 [17]3 years ago

7 0

Answer: Total Economic Surplus

Explanation:

Diagram is shown in the attached document.

You might be interested in

Another way to achieve the same goals as minimum wage and rent control (without keeping markets from reaching equilibrium levels

umka21 [38]

Another way to achieve the same goals as minimum wage and wage control ( without keeping markets from reaching equilibrium levels) is to increase YOUR PERSONAL INCOME directly.

It's actually a very simple way of thinking. If your salary currently could not afford a certain lifestyle, in order to afford it you could either : Cut back your other expense and re-allocate or simply by getting more money

3 0

4 years ago

Read 2 more answers

2 Jodi owns 112 shares of stock selling for $16.20. How many more shares can she purchase after receiving a dividend of $0.80 po

marusya05 [52]

Answer:

The number of new shares = 6

Explanation:

Dividend is the proportion of profit paid by a company to its shareholder as a form of return on their investment. Another form of return on share investment is the capital gain; which is the difference between the selling price of a share now and its cost when it was purchased.

<em>For Jodi, we need to first calculate the amount of dividends earned on the total shares she owns. And then divide the result by the current purchase price of a share to arrive at the number of shares she can buy more.</em> This is done as follows:

Total dividends = 112× 0.80 = $89.6

Current price of a share = $16.20

THe number of shares that can be purchased= 89.6/16.20=5.5

The number of new shares = 6

6 0

3 years ago

In June, The Seascape Gallery sells an oil painting to Collegiate Systems, Inc. Collegiate promises to pay for the painting in t

sleet_krkn [62]

The correct answer is C. Time draft

Explanation:

In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.

3 0

3 years ago

A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fall

AleksAgata [21]

Answer:

value of company inventory = $2600

so correct answer is B) $2,600

Explanation:

given data

normal selling price = $20

selling price fallen = $15

current inventory = 200 units

purchased = $16 per unit

cost fallen = $13 per unit

solution

we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost

here lower is replacement cost = $13

so value of company inventory at lower of cost will be

value of company inventory = 200 units × $13

value of company inventory = $2600

so correct answer is B) $2,600

3 0

4 years ago

Elliott Company produces large quantities of a standardized product. The following information is available for its production a

olganol [36]

Answer:

Check below for the Answer and Explanation

Explanation:

Elliot Company process cost summary report

CALCULATION FOR UNITS TO ACCOUNT FOR:

Beginning Work in Process units 2,000

Add: Units Started in Process 20,000

Total Units to account for: 22,000

CALCULATION FOR UNITS TO BE ACCOUNTED FOR:

Units completed and transferred out 17,000

Ending Work in Process 5,000

Total Units to be accounted for: 22,000

Equivalent Units:

UNITS Material Cost Conversion

% Completion Units % Completion Units

Units completed

100% 17,000 100% 17,000

Ending Work in Process

100% 5,000 35% 1,750

Total Equivalent units 22,000 18,750

CALCULATION FOR TOTAL COST TO ACCOUNT FOR:

Material Conversion

Beginning work in Process

2,500 6,360

Cost Added during May

168,000 479,640

Total Cost to account for:

170,500 486,000

÷ Equivalent Units

22,000 18,750

Cost per Equivalent unit

7.75 25.92

CALCULATION FOR TOTAL COST ACCOUNTED FOR:

Units completed and Transferred out (17000 units)

Equivalent unit Cost per EU Total Cost

Material 17,000 7.75 131750

Conversion Cost 17,000 25.92 440640

Total Cost of Units completed and transferred out: 572,390

Ending Work in process (5000 units)

Equivalent unit Cost per EU Total Cost

Material 5,000 7.75 38750

Conversison Cost 1,750 25.92 45360

Total cost of Ending Work in process: 84,110

8 0

3 years ago