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
butalik [34]
3 years ago
8

On a shopping​ trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price wa

s​ $79.95. When she brought the coat to the​ store's sales​ clerk, Melanie was told that the coat was on​ sale, and she would pay 20 percent less than the price on the tag. After the discount was​ applied, Melanie paid​ $63.96, $15.99 less than the original price. The value of​ Melanie's consumer surplus from this purchase is what?
Business
1 answer:
ra1l [238]3 years ago
6 0

Answer:

Consumer surplus is $15.99.

Explanation:

Melanie decided to buy a coat priced $79.95.  

When she brought a coat to the sales clerk, she found out that it is on a 20% discount and she has to $15.99 less than the original price.  

This means that her consumer surplus is at least $15.99.  

The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.  

Melanie was willing to pay $79.95. But she actually paid $63.96. The difference between the two is $15.99.  

You might be interested in
Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year
BARSIC [14]

Answer:

20,000

Explanation:

Only rented house is counted as per gdp

4 0
3 years ago
If total liabilities decreased by $27,275 during a period of time and stockholders' equity increased by $34,366 during the same
Lilit [14]

Answer:

d.$7,091 increase

Explanation:

From the accounting equation, assets = liabilities + equity.  If the total liabilities decrease by $27,275, the assets will also decrease by $27,275.  Similarly, when stockholders' equity increased by $34,366, the amount of assets will increase by the same amount.  The net increase in assets will be $7,091, which is the difference between the increase in stockholders' equity and the decrease in liabilities ($34,366 - $27,275).

5 0
3 years ago
While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What
MrRa [10]

Answer:

increase their savings

Explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending.  It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.

7 0
3 years ago
Careers with adverse working conditions often demand higher wages. Adverse working conditions might include
Zepler [3.9K]

Answer:

uncomfortable environment

Explanation:

Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.

Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge.  Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.

4 0
3 years ago
A population of bears increased by 50% in 4 years. If the situation is modeled by an annual growth rate compounded continuously,
Gekata [30.6K]

Answer:

r=\frac{ln(1.5)}{4}

Explanation:

Given:

Total population after time (P) = 100% + 50%  = 1 + 0.5 = 1.5

Starting population (p) = 100% = 1

Number of year (t) = 4 year

rate of growth = r

Computation:

Exponential growth function for population :

P = pe^{rt}

1.5 = 1\times e^{4\times r}

1.5 = e^{4r}

From taking log:

4r = ln(1.5)

r=\frac{ln(1.5)}{4}

8 0
3 years ago
Other questions:
  • When the Wright brothers designed their aircraft, they built a wind tunnel to model the aerodynamics of different wing designs.
    11·1 answer
  • Which component of communication is most accurately represented if andy is trying to decide how to explain a change in plans to
    10·1 answer
  • SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first
    5·1 answer
  • Late in the​ semester, a friend tells​ you, ​"I was going to drop my psychology course so I could concentrate on my other​ cours
    15·1 answer
  • As the manager of new restaurant with new employees, Pat began by being very directing so that all the employees knew what to do
    12·1 answer
  • How did speculative investing weaken the stability of the stock market?
    15·1 answer
  • Samara is considering how she should handle the fact that her employer overpaid her on her last check. Should she say something
    14·1 answer
  • Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised
    12·1 answer
  • Variable costs of production $50 per unit Variable costs of sales and administration $25 per unit Fixed costs of production $100
    13·1 answer
  • Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!