Answer:
It will purchase 3 cans
total consumer surplus 0.70
Explanation:
the market price is 0.55
It will purchase up to three cans. the fourth can he is willing to purchase at 0.40 but the price is 0.55 so it won't trade for that one.
<u>consumer surplus:</u>
difference between the amounts he was willing to pay for each unit and the market price:
first can 0.95 - 0.55 = 0.40
second can 0.80 - 0.55 = 0.25
third can 0.60 - 0.55 = 0.05
total consumer surplus 0.70
Answer:
$54,000
Explanation:
The computation of the segment margin for the West Division is shown below:
First we have to find the contribution margin which is as follows
= Number of units sold × (Selling price per unit - variable cost per unit)
= 36,000 × ($6 - $3)
= 36,000 × $3
= $108,000
Now the segment margin is
= Contribution margin - direct fixed cost
= $108,000 - $54,000
= $54,000
Answer: fall, reducing, fall below
Explanation:
the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will __________ , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by __________ the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to __________the natural level of output in the short run.
Answer:
Write a check, withdraw by automatic electronic transfer, ATM card, debit card, and or talk to the bank directly about withdrawing money.
Explanation:
Write out a check: make sure you add the name as well as the amount
withdraw by automatic electronic transfer: look into getting an app
Atm: Go to your local ATM
Debit Card/Credit Card: spend what you need to via those
directly: prove your identiy via account number and withdraw
