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Fiesta28 [93]
3 years ago
6

Suppose Chris and Laura attend a charity benefit and participate in a silent auction. Each has in mind a maximum amount that he

or she will bid for an oil painting by a locally famous artist. This maximum is called of:_________. a. deadweight loss. b. willingness to pay c. consumer surplus. d. producer surplus.
Business
1 answer:
VashaNatasha [74]3 years ago
5 0

Answer:

b. willingness to pay

Explanation:

Willingness to pay is the term used for the economic value of the good to a person willing to buy under some given conditions. In this situation there is a silent auction which requires willingness of participant to pay the painting under auction. There is no competition involved and in absence of any comparison of prices  b. willingness to pay is appropriate term to be used for this.

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Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following
maw [93]

Answer:

$250 million

Explanation:

Given that,

Cell phones:

Quantity produced = 5 million

Price per cell phone = $100

Pizza:

Quantity produced = 25 million

Price per pizza = $10

The market value of pizza is determined by the product of quantity produced and price of each pizza.

Market value of pizza:

= Quantity produced × Price per pizza

= 25 million × $10

= $250 million

8 0
3 years ago
Why do you think researchers chose to begin with cigarette smokers opposed to other types of addiction ?
tester [92]

Since smoking is very popular. (1 billion people smoke) It would be very important if they start with researching about smoking, so they can hopefully reduce the amount of smokers in the world.

4 0
2 years ago
Read 2 more answers
The common stock of CTI has an expected return of 14.48 percent. The return on the market is 11.6 percent and the risk-free rate
Bezzdna [24]

Answer:

1.35

Explanation:

Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

14.48 = 3.42 + b(11.6 - 3.42)

14.48 = 3.42 + b8.18

14.48 - 3.42 = 8.18b

11.06/8.18 = 1.35

5 0
2 years ago
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its
Anettt [7]

Answer:

a.  Human capital return on investment

Explanation:

Human capital return on investment  -

It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment  .

It is basically the interconnection between the profit of the company and the cost on the workforce .

hence , from the given scenario of the question,

The correct option is a.  Human capital return on investment  .

5 0
2 years ago
Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
Alex17521 [72]

A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

<h3>What is a marginal labor?</h3>

This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.

Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

Read more about marginal labor

<em>brainly.com/question/13617399</em>

#SPJ1

6 0
2 years ago
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