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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  

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Partial balance sheets and additional information are listed below for Funk Company. Funk Company Partial Balance Sheets as of D
mart [117]

Answer:

$786,100

Explanation:

Funk Company

Accounts receivable $93,500 -$ 89,600

=$3,900

Sales totaled $790,000 - $3,900

=$786,100

Hence;

Cash (received from customers)$786,100

Add Accounts receivable $3,900

Sales revenue $790,000

Therefore the amount of cash received from customers during 2021 will be $786,100

5 0
3 years ago
Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolvin
yaroslaw [1]

Answer:

New Task

Explanation:

The new task is a <em>company purchasing scenario where the purchaser initially buys  a products or services for the first time with no testing experience. </em>

An comprehensive search is performed to assess alternatives, however.  The higher the price or risk concerned, the more decision-making participants '  knowledge is required.  

For instance, an organization that purchases raw resources for the first time  to produce devices.

7 0
3 years ago
Major activities of the Planning Section include:
FrozenT [24]

<u>Answer</u>:

Major activities of the Planning Section include: D) Preparing and documenting Incident Action Plans.

<u>Explanation</u>:

The Planning section is responsible for various activities carried out in Incident Command System or ICS. ICS is used to respond to emergencies in the United States. The activities that befall under this section are mostly related to plannings.

These activities are: collecting and evaluating information, preparing and maintaining documents of incidents, etc. Preparing and maintaining the incident documents is an essential task and requires accuracy in representing the facts and figures.  Hence, we can say that D is the only activity in the planning section of the ICS.

6 0
3 years ago
_________________ involves planning, implementing, and controlling the physical flow of goods, services, and related information
gogolik [260]

Answer:

Logistics

Explanation:

Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer.  Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.

Poor logistics will hurt business performance. If the company's products are not available for consumers to buy,  low sales will be realized. An inefficient logistics system will make company products expensive.  As a result,  the company's goods becomes uncompetitive in the market.

8 0
3 years ago
From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
juin [17]

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

5 0
3 years ago
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