Answer:
a. the buyer’s consumer surplus for that good is maximized.
Explanation:
The consumer will purchase up to the moment at whose preference price matches the market price.
Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.
Answer:
See below
Explanation:
The percentage allocated to each socially responsible action
1. pollution control
Pollution control has been allocated is $37,000
As a percentage
= $37,000/$750,000 x 100
=0.0493333 x 100
=4.933%
2. Community project
community project has been allocated $22,500
As a percentage
= 22,500/750,000 x 100
=0.03 x 100
=3%
3. Employee fitness
The amount allocated to employee fitness is $7500
As a percentage
=$7500/$750,000 x 100
=0/01 x 100
=1%
4. The total amount spent is
=, $37,000 +$22,500 +$7,500.
=$67,000
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