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Helga [31]
3 years ago
15

Elvis values the first gravy sandwich at $5, the second at $4.50, and the third at $4. If he buys three sandwiches for $4 each,

his consumer surplus has a value of _____
Business
1 answer:
12345 [234]3 years ago
6 0

Answer:

Consumer Surplus = $1.50

Explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a given amount of goods or services and what he ends up paying.

Therefore,

Consumer surplus = Amount consumer is willing to pay less amount paid

Given that

Elvis is willing to pay 5 + 4 + 4.50 = 13.50 for three

Price of 3 sandwich = 3 × 4 = 12

Consumer surplus = 13.50 - 12

= $1.50

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In the context of planning a training program, even though it is time-consuming, putting together a _____ is worthwhile because
tekilochka [14]

Answer:

Request for proposal

Explanation:

The correct answer is a request for proposal. A request for proposal (RFP) is a business document that announces and gives detailed explanations about a project, it also helps an organization solicitation of bids from contractors who will help in the completion of the project. organization clarify training objectives, compare vendors, and measure results.

6 0
3 years ago
In the leadershio grid employees preferred which of the following styles?
Greeley [361]

Answer:

C. middle of the road management

Explanation:

Leadership grid refers to a situation when a leader put too much emphasize on one part of the operation while neglecting the others. In the end, this will reduce the overall's productivity.

Example of leadership Grid:

When managers force the employees to work overly long hours every day because they believe it will bring more profit for the company. But in the end, the employees felt a burn out and many of them eventually quit or  become too tired to be fully productive.

To handle leaderships grid, middle of the road management tend to be preferred.

The reason for this is that middle of the road management tend to implement balanced concern between the business and the people who work in it. This management will create a schedule that allow the employees to fulfill the needs in their personal life and career.  In the long run, this will create a positive environment in the workplace and improve the productivity as a whole.

3 0
3 years ago
The theory of comparative advantage states that:
Stella [2.4K]

Answer:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

Explanation:

This is the best option with the theory of comparative advantage states countries produce goods for which they have a lower opportunity cost. Having resources and talents lower the opportunities cost. When countries do this, it increases economic welfare for all.

6 0
3 years ago
Your client, Alex, has only two assets in his portfolio: assets A and B. Asset A had a standard deviation of 40%, and Asset B ha
KATRIN_1 [288]

Answer:

Standard deviation of the portfolio = 70.71%

Explanation:

σP =√(w²A *σ²A) + (w²B*σ²B) +2 (wA*wB*correl. AB)

w = weight of..

Given that;

wA = 50% or 0.5 as a decimal

wB = 50% or 0.5

σA = 40% or 0.4

σB = 20% or 0.2

correl. = correlation = 0.90

σP = √(0.5² * 0.4² ) + (0.5² * 0.2² ) +(2*0.5*0.5*0.90)

σP = √ (0.04 + 0.01 + 0.45

= √0.5

= 0.7071

Standard deviation of the portfolio = 70.71%

3 0
3 years ago
Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $70,000 cash immediately
Setler [38]

Answer:

The net present value for each option is given below.

(1) $70,000 cash immediately

NPV = 70,000 * 1 = $ 70,000

(2) $24,000 cash immediately and a six-period annuity of $8,100 beginning one year from today, or

NPV = (24,000*1) + (8,100 *(1-((1+7%)^-6)/7%)) = $ 62,609

(3) a six-period annuity of $14,500 beginning one year from today

NPV = (14,500 *(1-((1+7%)^-6)/7%)) = $ 69,115

8 0
3 years ago
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