1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Turner Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 3,000 units of product L
OverLord2011 [107]

Answer:

c. $16,000

Explanation:

Total cost of both products = $80,000

Units of product LF = 3000

units of product 1B = 7000

Selling price per unit of LF = $24

Selling price per unit of 1B = $8

Cost of 3000 units of LF

= (3000/10000) × 80000

= $24,000

If 3000 units cost $24,000

1000 units would cost

= (1000/3000) × 24000

= $8,000

If Turner sells 1000,

Revenue from the sale

= 1000 × 24

= $24,000

Gross profit from this sale = $24,000 - $8000

= $16,000

The right option is c. $16,000.

8 0
3 years ago
Rocky Mountain Races, Inc., sponsors the "Pioneer Trail Ultramarathon," with an advertised first prize of $10,000. The rules req
BARSIC [14]

Generally, in situations such as this where one person enters into a competition with a company or corporation with an explicitly defined prize, this constitutes a unilateral contract. Unilateral contracts are defined by the offering of a reward for a specifically defined act, and this contract is accepted when the contractee completes the act. In this case, Rocky Mountain Races, Inc., and Monica did have a uniform contract. Furthermore, because Monica entered the race and was declared the winner, she fulfilled her end of the contract thus accepting the contract (and qualifying for the reward from the contractor). However, because Rocky Mountain Races, Inc., included a provision that they could change the terms of the race at any time, Monica isn't entitled to the $10,000 reward, she is entitled to whatever reward Rocky sees fit.

3 0
4 years ago
Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you
Bogdan [553]
Revised and detailed edition.

A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
8 0
3 years ago
Read 2 more answers
Burns Medicine Shop developed a website where customers could ask the pharmacists questions and could refill prescriptions onlin
Sveta_85 [38]

<u>Answer:</u> Does not require any privacy policy.

<u>Explanation:</u>

Privacy policy is not stated as compulsory under any federal laws and statutes. Under certain circumstances it is important to provide the privacy policy in the website. When collecting information from children for using the websites.

If the website collects the personal information then according to law it has to provide the ways of usage of these information. Burns medicine shop does not collect children information, financial information or identifiable information so it does not require privacy policy according to law.

8 0
3 years ago
What are the principles of Csr
kodGreya [7K]

Answer:

there are three basic principles which together comprise all CSR activity. These are: Sustainability; • Accountability; • Transparency.

Explanation:

hope this helps you

5 0
3 years ago
Other questions:
  • Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly c
    8·1 answer
  • Melissa, the hotel manager, knows that the number of guests at her hotel has significantly decreased. Therefore, corporate has m
    6·1 answer
  • True or False. A post-closing trial balance is a list of all accounts and their balances after we have updated account balances
    5·1 answer
  • Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amou
    14·1 answer
  • U.S. businesses and those of other countries are seeking to expand around the world for many reasons. Which of the following is
    11·1 answer
  • Suppose you read a news article reporting that your local government has denied a request by an entrepreneur to build a new coff
    10·1 answer
  • The following information pertains to Eagle Co.'s Year 5 sales: Cash Sales Gross $ 80,000 Returns and allowances 4,000 Credit sa
    7·1 answer
  • When forecasting the effect of a change in economic policy, reasonable economists will get different forecasts based on slight d
    7·2 answers
  • Linda owns a cosmetics manufacturing and retail business. She plans to launch a new product, and wants to make a product announc
    10·2 answers
  • A manager should store canned soup that has been recalled in a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!