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makvit [3.9K]
3 years ago
11

babysits on the weekends for extra money. Suppose that three neighbors with children are interested in paying Elizabeth to babys

it their children. In​ particular, Mr. and Dr. Brown would be willing to pay ​$31 to have Elizabeth babysit their​ children, Mr. Smith would be willing to pay ​$28 for Elizabeth​'s babysitting​ services, and Professor Jones and Mr. Jones would be willing to pay ​$22 to have her watch their children. If Elizabeth offers to babysit each set of children for an evening for ​$22​, what will be consumer​ surplus, considering the three sets of children​ combined? ​$nothing. ​(Enter your response using an integer.​)
Business
1 answer:
kolbaska11 [484]3 years ago
8 0

Answer:

$15

Explanation:

Consumer surplus is the price the consumer pay for good/service minus the amount the consumer is willing to pay for it.

✓Mr. and Dr. Brown would be willing to pay ​$31

✓Mr. Smith would be willing to pay ​$28

✓Professor Jones and Mr. Jones would be willing to pay ​$22

Elizabeth PRICE for babysitting each set of children for an evening = $22

Consumer surplus= Σ (price that the consumer is willing to pay- Price of the good/service is sold)

= [(31-22)+(28-22)+(22-22)]

= 9+6+0

=$15

Hence, Consumer surplus is $15

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Answer:

negotiated.

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4 0
4 years ago
g 2018: US Bond A is issued at par with annual coupon of 2% and maturity of 5 years with face value of $1,000. 2019: Interest ra
makvit [3.9K]

Answer:

$918.48

Explanation:

price of bond A after the interest rate increased to 5% and the time to maturity is 3 years:

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Since the market rate is higher than the coupon rate, the bond will sell at a discount.

3 0
3 years ago
Suppose the reserve requirement is 10%.
mestny [16]

Answer:

1)

B. more reserves, thus increasing the money multiplier and increasing the money supply.

In a fractional-reserve banking system, banks create money when they make loans. The more money they have available to make loans, the more money they create.

If the Fed reduces the reserve-requirements, banks will have more reserves available to loan out, increasing the money multiplier, and thus, the money supply.

2)

A. rarely changes the reserve requirement and does not use the reserve requirement as a major monetary policy tool.

The Fed rarely uses this monetary policy tool because it is the most powerful one. Changing the reserve requirements effectively reduce or increase the money supply like no other monetary policy tool, therefore, the effects can be dramatic, and its use is a sign that all other tools have been exhausted (open-market operations, and discount window mainly).

Explanation:

3 0
4 years ago
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U.S. demand conditions.

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Since the question is about the domestic demand and the demand of the citizens who are living in the country, the demand of the people who are living in the United States of America should not affect the domestic demand of Indian citizens.

The demand of every good and service is affected by some factors which increase or decrease the demand of these goods and the services. But the demand of the international consumers or customers will not affect the demand of the national goods and services.

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3 years ago
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Vladimir [108]

Answer:

c) Hotel rates for AAA members are lower than for nonmembers.

Explanation:

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Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.

8 0
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