Answer and Explanation:
The computation is shown below:
Marcus’s original Consumer surplus is
= Willing to pay - customer actually pay
= $45 - $35
= $10
Marcus’s producer surplus from the resale is
= Amount received by producer - the minimum amount to accept
= $55 - $45
= $10
Starling’s consumer surplus from the resale is
Willing to pay - customer actually pay
= $80 - $55
= $25
And, the Total surplus generated from the resale is
= Producer surplus + consumer surplus
= $10 + $25
= $35
Answer:
Real GDP (2014 price) = $ 250
Explanation:
GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.
Given [2015] : Fish Quantity = 5 , Computer Chip Quantity = 20
Base Year [2014] price : Fish = $10 , Computer Chip = $10
2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015
= (Fish PXQ) + (Computer Chip PXQ)
= (10 x 5) + (10 x 20)
= 50 + 200
= $ 250
Answer:
$28,007,000
Explanation:
Number of rooms = 200
Daily operating expenses for one room = $20,000 + Cleaning fee
Daily operating expenses for one room = $20,000 + $5
= $20,005
One week period = 7 days
Daily operating expenses for 200 rooms = Daily operating expenses for
one room X Number of rooms
= $20,005 X 200
= $4,001,000
Operating expenses for one-week period = Daily operating expenses for
200 rooms X 7
= $4,001,000 X 7
= $28,007,000
Answer:
December 31, year 9
Explanation:
Here, we want to state that date that is possible for Milo to acquire qualified replacement property.
In order to avoid being taxed on a gain resulting from an involuntary conversion, the property subject to the conversion must be replaced within a specified time, measured from the end of the calendar year in which the proceeds are received.
Generally, the period is 2 years, but it is 3 years when the involuntary conversion results from government condemnation or eminent domain and is extended to 4 years when the loss is in connection with a declared federal disaster area.
We are told from the question that Milo received the recovery on January 2, Year 5, the property would have to be replaced within 4 years from the end of Year 5 or by December 31, Year 9
Answer: She should pay down both her student loan and the credit card debt
Explanation:
From the question, we are informed that Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage.
The best thing she can do to improve her creditworthiness is for her pay down both her student loan and the credit card debt. This would help her to increase her creditworthiness.
