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Rus_ich [418]
4 years ago
10

Consumer surplus is A. a buyer's willingness to pay for a good plus the price of the good. B. the amount a buyer is willing to p

ay for a good minus the amount the buyer actually pays for it. C. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
Business
1 answer:
valentina_108 [34]4 years ago
5 0

Answer:

B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Explanation:

a consumer surplus is the amount that exceeds the amount that a consumer actually pays for a product and the amount they are willing to pay

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Suppose the United States is currently producing 200 tons of hamburgers and 60 tons of tacos and Mexico is currently producing 4
4vir4ik [10]

Answer:

Explanation:

United States is producing 200 tons of hamburgers and 60 tons of tacos.

United States' opportunity cost for producing 1 ton of hamburgers

= \frac{60}{200}

= 0.3

United States' opportunity cost for producing 60 tons of tacos.

= \frac{200}{60}

= 3.33

So we see that US has a lower opportunity cost in producing hamburgers, so it has a comparative advantage in producing hamburgers.

Mexico is producing 40 tons of hamburgers and 50 tons of tacos.

Mexico's opportunity cost of producing a ton of hamburgers

= \frac{50}{40}

= 1.25

Mexico's opportunity cost of producing a ton of tacos

= \frac{40}{50}

= 0.8

So we see that Mexico has a lower opportunity cost in producing tacos, so it has a comparative advantage in making tacos.

Since US specializes in making hamburgers, it will produce 200 tons of hamburgers and 0 tons of tacos.

Mexico specializes in making tacos, it will produce 50 tons of tacos and 0 tons of hamburgers.

5 0
3 years ago
Everfi <br> You have to match the boxes with the section
ANTONII [103]

Answer:

Needs : Frappuccino before work each day and winter coat

Wants: monthly loan payment and paying extra on the principal loan amount

Saving: rent on your apartment

8 0
2 years ago
Best Buy believes that giving employees in the Results Only Work Environment (ROWE) program the freedom to schedule their own wo
NeX [460]

Answer: Option (B)

Explanation:

There are four main functions of a management involved in the Results Only Work Environment program. These are as follow: leading, planning, controlling and organizing. These functions tend to play a vital role in the establishment of an organization, so as they can achieve their objectives and goals. Therefore, we can state that financing is not one of the main functions of a management.

6 0
3 years ago
Which of the following is the right order of the steps that companies generally follow in designing a customer-driven marketing
podryga [215]

Answer:

C.

Explanation:

Companies cannot appeal to all buyers in the marketplace, or at least not to all buyers in the same way.

This strategy focuses on targeting a specific set of customers, retaining them by meeting their needs, and using metrics to measure their satisfaction.

Steps:

-Market segmentation. Is the process that companies use to divide large heterogeneous markets into small markets that can be reached more efficiently and effectively with products and services that match their unique needs.

-Market targeting. Consists of a set of buyers who share common needs or characteristics that the company decides to serve.

-Differentiation. A market coverage strategy in which a firm decides to to target several market segments and desing separate offers for each. Focus on how the company can create differentiated value for targeted segments.

-Positioning. The way the product is defined by consumers on important attributes. The place the product occupies in consumers’ mind relative to competing products.

8 0
3 years ago
The talk test can be used to measure the __________.
Valentin [98]

Answer:

The talk test is used to measure moderate-intensity activities. If a person can talk during an activity, but cannot sing, they are engaged in moderate-intensity activity. If they cannot talk, they are doing a higher-level intensity activity.

Explanation:

7 0
3 years ago
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