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Bess [88]
3 years ago
14

You have two options for how to spend the afternoon. you can either go see a movie with your roommate or work as a tutor for the

math department. from experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. if you spend the afternoon working as a math tutor, you will get paid $45. on a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. what is your economic surplus from working as a math tutor instead of going to the movies?
Business
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer: Economic Surplus : $12

Explanation: Economic surplus is the difference between benefit and cost.

In this case, since he is working as a math tutor, he will get $45, there is no other cost. But if he goes for a movie, he will have to spend $12 on movie, which is the cost he needs to bear. The economic surplus is $12 which is not spent on the movie and worked as a math tutor.

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Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in th
Galina-37 [17]

Answer:

D. Buyer

Explanation:

The buyer is the one who is interested in purchasing the property and becoming the new owner. A walkthrough which involves inspecting the property and making sure everything has remained stated and is in order is done by the buyer who is interested in owning the property. A buyer can always demand for a walkthrough. The walk through gives the buyer time to inspect the property before closing.

8 0
3 years ago
how much does a cardiologist surgeon who has done 6 years of residency earns in Australia(in US dollar)??​
babymother [125]

Answer:

Explanation:

The base pay rate is about 350,000 Aus dollars. This morning the Aus$ had an exchange rate of 1 Aus$ = 0.7001 US dollars, so that means the base rate is about 0.7 * 350000 = 245,000 US dollars. I don't know what the 6 years does to the equation.

5 0
3 years ago
Fixed assets includes the following, EXCEPT
Damm [24]

Answer:

C. Cows, chicken, and swine for sale at a company's farm

6 0
3 years ago
Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richa
RoseWind [281]

Answer:

$1,094.50

Explanation:

Regular pay is $20.50

Over time pay is $20.50 x 1.5 = $30.75

Tommy earned as follows.

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Overtime hours: 9 x $30.75 =$274.50

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7 0
3 years ago
Shawn McGill is on the executive board for ABC pharmaceuticals. The company produces the number one selling cancer fighting drug
Vikki [24]

Answer:

The answer is: Bargaining power of suppliers

Explanation:

Michael Porter developed his Five Forces Framework as a management tool for analyzing competition. It is divided into:

  1. Threat of new entrants
  2. Threat of substitutes
  3. Bargaining power of customers
  4. Bargaining power of suppliers
  5. Competitive rivalry

Bargaining power of suppliers: Pressure suppliers can exert on its costumers (individuals or organizations) by raising prices, lowering quality, or reducing availability of their products. When suppliers are strong enough to pressure their customers, usually the buyers will end up paying higher costs due to; higher prices, lower quality or reduced availability of the product.

In this case, since ABC Pharmaceutical is the leader in cancer fighting drugs, they will use their dominant supplier position to raise the price of their product affecting their customers (patients, insurance companies, other health care organizations).

6 0
3 years ago
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