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ExtremeBDS [4]
3 years ago
11

Suppose that the price of a bottle of soda is $1 each. Larry is willingto pay $2 for the first bottle, Alan is willing to pay $1

.50 for thesecond bottle, Ryan is willing to pay $1.25 for the third bottle, andHolly is willing to pay $0.75 for the fourth bottle. What is the totalconsumer surplus from the consumption of soda?
a. $6.50
b. $5.50
c. $2.75
d. $1.75
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

The answer is: D) $1.75

Explanation:

Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good and the actual price paid for the good.

Larry, Alan and Ryan were all willing to pay more for a bottle of soda than the actual price of the soda.

  • Larry's consumer surplus = $2 - $1 = $1
  • Alan's consumer surplus = $1.50 - $1 = $0.50
  • Ryan's consumer surplus = $1.25 - $1 = $0.25

The total consumer surplus is $1 + $0.50 + $0.25 = $1.75

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This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life o
Hoochie [10]

Answer:

Annual depreaciation 2020= $2,400

Explanation:

Giving the following information:

Purchase price= $12,000

Salvage value= $2,000

Useful life= 5 years

<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreaciation= 2*[(12,000 - 2,000) / 5]

Annual depreaciation= 4,000

2020:

Annual depreaciation= 2*[(10,000 - 4,000) / 5]

Annual depreaciation= $2,400

8 0
2 years ago
Assume Metro Corporation had a net income of $ 2,200 for the year ending December 2018. Its beginning and ending total assets we
Aleksandr-060686 [28]

Answer:

The return on assets is 8.4%

Explanation:

In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.

Average total assets= (31,500+20,500)/2= 26.000

Now in order to find the return on assets we will divide the net income by the average total assets.

Return on assets = 2,200/26,000=0.084=8.4%

7 0
3 years ago
g Oriole Company had actual sales of $1100000 when break-even sales were $660000. What is the margin of safety ratio? 67% 40% 33
Sonbull [250]

Answer:

40%

Explanation:

Oriole company has an actual sales of $1,100,000

The break even sales is $660,000

Therefore, the margin of safety can be calculated as follows

= Actual sales-break-even sales/actual sales

= $1,100,000-$660,000/$1,100,000

= $440,000/$1,100,000

= 0.4×100

= 40%

Hence the margin of safety is 40%

3 0
3 years ago
How can a sales user relate an opportunity to a campaign?
jekas [21]

Answer:

Using the campaign influence related list on the opportunity.

Explanation:

By using the campaign influence related list on the opportunity a sales user can relate an opportunity to the campaign. With the help of campaign influence, the person will be allowed to other person campaigns listed on an opportunity. A person must hire a person for a role in the opportunity. A hired person will be an expert in doing so therefore the productivity will also be rise by hiring the expert.

4 0
2 years ago
Put the phases of the business cycle in the correct order in which they follow a recession.first phase depression recovery boom
Mama L [17]

Answer:

Depression, Recovery, Boom and Recession

Explanation:

A business cycle shows the increase and decrease in Gross Domestic Product (GDP) of the natural growth rate of a country's economy. This involves, employment, wages, productions, investments, prices and credits. The stages of business cycle include,  expansion, peak, recession, trough and recovery.

Expansion shows the boom in economy growth rate. A positive increase in employment, productions,  incomes, wages, demand, supply and profits happens at this stage.

Depression shows the decline in a country's economic growth. It results in high rate of unemployment.

Peak is the stage where a country's economy rises. It involves increase in the economy's growth rate.

Recession is the stage where there is rapid and steady decline in the demands for good and services.  

Trough shows how an economy's growth rate decreases.  At this stage, banks do not lend out money.

Recovery involves change from negative to positive economic growth rate. The economy continues to improve until it stabilizes.

6 0
3 years ago
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