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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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Can a trend serve as a business opportunity?<br> A.)True<br> B.)False
Anarel [89]

Answer:

A. True

Explanation:

It can hop on the trend to seem appealing. Ex: in the early 2000s, crop tops where a trend, so businesses where all making shirts that are crop tops so people would buy them.

8 0
1 year ago
If costs are 85% of sales (and profit is 15%), what is the amount of extra sales needed to equal $1,200 in profit from purchasin
attashe74 [19]

Answer:

$8,000

Explanation:

Given that

Profit = $1,200

Cost = 85% of sales

Profit = 15%

We know that

Sales = Cost + Profit

         = 85% + 15%

         = 100%

So sales percentage is 100%

Now we use the unitary method to find out the extra sales which would be

= Profit × sales percentage ÷ profit percentage

= $1,200 × 100% ÷ 15%

= $8,000

7 0
4 years ago
Kate enjoys horseback riding and has been wanting a new show saddle for her
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7 0
3 years ago
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You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.
barxatty [35]

Answer:

$74,120

Explanation:

Preparation of her ending stock basis

ENDING STOCK BASIS:

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Add:Increase in AAA $12,800

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Add:Increase in OAA $2,520

(.40 * $6,300)

Add:Stock purchase $22,000

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Therefore her ending stock basis is $74,120

6 0
3 years ago
The distance a fragment of dna moves into the gel is proportional to the of the fragment in .
strojnjashka [21]

'The distance a fragment of DNA moves into the gel is proportional to the of the fragment in logarithms of the size.

Deoxyribonucleic acid is a polymer composed of two polynucleotide strands twisted together to form a double helix. Polymers carry the genetic instructions for the development, function, growth, and reproduction of all known organisms and many viruses. DNA and ribonucleic acid are nucleic acids.

Intracellular molecules containing genetic information are involved in the development and function of an organism. DNA molecules allow this information to be passed on from generation to generation.

DNA is the information molecule. It stores instructions for making other large molecules called proteins. These instructions are stored in each cell and spread over 46 long structures called chromosomes. These chromosomes are made up of thousands of short DNA segments called genes.

Learn more about  DNA brainly.com/question/16099437

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6 0
1 year ago
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