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
Over [174]
3 years ago
12

Fred is willing to pay $5 for his first slice of pizza and $4 for his second slice of pizza. If the price is $3, and Joe buys tw

o slices of pizza, he receives a total consumer surplus of A) $4. B) $2. C) $7. D) $3
Business
1 answer:
lesya [120]3 years ago
8 0

Answer:

D) $3

Explanation:

Consumer Surplus refers to the difference between the actual price paid by a consumer and the price the consumer was willing to pay. Surplus arises in cases wherein the price consumer was willing to pay exceeds the price he actually paid.

In the given case, the consumer was willing to pay a total of $9 i.e ($5 + $4) for 2 units of pizza. He actually ended up paying $6 i.e ($3 × 2 slices).

Thus, his total consumer surplus can be calculated as $9 - $6 = $3  

You might be interested in
The business philosophy of "produce as much as you can because there is a limitless market" is consistent with which of the foll
Ymorist [56]
A. production era because there is limit
6 0
3 years ago
Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organizat
sergij07 [2.7K]

Answer:

The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

5 0
3 years ago
10. Stone Industries has three product lines: X, Y and Z. The following information is available: Product X Product Y Product Z
Trava [24]
The answer is 44,000
7 0
3 years ago
Maryanne purchases a water bed online. However, when it is delivered to Maryanne's house, the measurements of the bed do not mat
Inessa05 [86]
It's the letter C. because if she would of ask about the return policy she won't have this problem
5 0
3 years ago
An example of the time-management strategy of using wait-time is
m_a_m_a [10]
An example of this would be completing your assignment while you ride the train, or bringing your assignment with you while you wait at the doctors office for your appointment
5 0
3 years ago
Other questions:
  • How can you customize existing templates? Check all that apply. Add ""visual cliches"" Adjust the color scheme Select different
    9·1 answer
  • Firms can use strategic alliances to change the industry structure in their favor. For example, firms frequently use strategic a
    12·1 answer
  • The Waltham System
    14·1 answer
  • At Tyson Foods, Lily serves as the point person who guides everyone in the firm towards ethical actions. Lily most likely serves
    5·1 answer
  • Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
    6·1 answer
  • In the last three quarters of the year, a country's GDP (gross domestic product) level is measured at $12 trillion, $12.5 trilli
    7·1 answer
  • Chase is a manager for World Graphic Design, Inc., a firm that designs and manufactures greeting cards, invitations, announcemen
    15·1 answer
  • Match the definition with the correct type of unemployment. Not all items will be used.
    9·1 answer
  • Music Masters sells a unique assortment of sheet music including just about any published music ever written before 1970. Its cu
    14·1 answer
  • Developing a pool of concepts to serve as candidates for new products is the __________ stage of the new-product process.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!