Answer:
Total producer surplus= $30
Explanation:
Producer surplus is the difference between the price a seller is willing to sell and the market price or actual price at which the item is bought. The producer surplus is the additional benefit the seller gets from a sale.
Consumer surplus= Market price - Price seller is willing to sell for
Marco is willing to sell at $15 hour
Kelly is willing to pay $30 per hour
Mike is willing to pay $20 per hour
Surplus from Kelly= 30- 15= $15
Surplus from Mike= 20- 15= $5
Total producer surplus= ($15*1 hour) + ($5 *3 hours)
Total producer surplus= 15 + 15= $30
The document which establishes an initial record of the receipt of an inventory is THE RECEIVING REPORT.
The receiving report is usually used by a business to record the details of the products that are received from suppliers. The record documents what is owned to supplier based on the number of goods accepted and the ones that are returned.<span />
Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.
<h3 /><h3>What is mixed economy?</h3>
A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.
This system defends <u>private property </u>and allows a degree of freedom in economy in the use of capital.
But it also permits for governments to interpose in economic activities in order to accomplish social intents.
Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.
To learn more about the mixed economy, refer to:
brainly.com/question/2343400
E S ( elasticity of supply ) = .5 ( supply is inelastic: E S < 1 )
The formula is:
E S = Δ Q / Δ P * P / Q,
where: Δ Q is the change in quantity, Δ P is change in price, P is initial price and Q is initial quantity.
.5 = Δ Q / 25 * 50 / 100,000
Δ Q = .5 * 25 * 100,000 / 5
Δ Q = 25,000
Quantity at the new price: Q ( new ) = 100,000 + 25,000 = 125,000
Answer:
Net present value of this expansion project is 8234.
Explanation:
To get the net present value, we make a cash-flow in excel. See document attached.
At moment 0 the investment is =$(92.700), also we consider the working capital =(6.600)
Moment 1 to 6 = $26.900
We calculate the Net cash flow (that is the difference between benefits and cost).
To get net present value, we use VNA formula. ( =VNA(required rate of return; Net cash flow from moment 0 to moment 6) +Net cash flow at moment 0)
Net present value is 8234
