Answer:
$10.10
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Consumer surplus = willingness to pay of a consumer - price of the good
Producer surplus is the difference between the price of the product and the least price the producer is willing to sell his product
Producer surplus = price of the product - least price the producer is willing to sell his product
Consumer surplus
Jeff : $7.25 - $5 = $2.25
Samir: $9 - $5 = $4
Total consumer surplus = $2.25 + $4 = $6.25
Producer surplus
Ist manufacturer = $5 - $3 = $2
2nd manufacturer = $5 - $3.15 = $1.85
Total producer surplus = $2 + $1.85 = $3.85
Total social welfare = $3.85 + $6.25 = $10.10
I hope my answer helps you
Answer: Note Receivable
Explanation:
A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.
When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.
Answer:
$24,400
Explanation:
Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.
The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.
Answer:
(c) Circle graph
Explanation:
The circle graph or pie chart is commonly used when we want to give a visual demonstration of the proportional division of a data. Each item is expressed as a sector of the circle where the angle is relative to the value of the item.
Most likely a two year college, so a local community college nearby is a good option. It's also a lot cheaper than a traditional university.
