Answer is A
Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.
For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.
Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.
Answer:
1% negative
Explanation:
<u>a. What is the real interest rate?</u>
the inflation premium is an added value to the real interest rate to cover the effect of inflation and be more attractive to potential investor:
real interest rate + inflation premium = nominal interest rate
real interest rate + 2% = 1%
we clear real interest:
real interes rate = 1% - 2% = -1%
The real interest is 1% negative
Answer:
The growth rate of the U.S economy in 2011 was 5.65%
Explanation:
This is a simple calculation
We use this formula to calculate percent changes from one period to another:
% change = 
We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:
% change = 
% change = 
This means that the growth rate of the U.S economy in 2011 was 5.65%
The correcto answer for this question is the letter c
Answer:
107,027,000 is the total book value
Explanation:
So, you would start by adding 105,027,000 to 4,000,000 that gives you 109,027,000. Then you would subtract 109,027,000 and 2,000,000 that gives you 107,027,000
Therefore your answer will be 107,027,000
