Answer:
the 2000 represents the base salary he makes
Explanation:
we know that the salesman makes money from two things the base salary and the commission he takes on his sales.
it is clear that the base salary he takes is a fixed number while the commission varies with the sales he makes.
in this equation the number 2000 is fixed so it is the base salary (it does not change with the sales he makes).
but the 0.1s changes when s, total sales, changes so it is the commission he makes.
hope that was helpful.
Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
Answer:
Generic drugs tend to cost less than their brand-name counterparts because generic drug applicants do not have to repeat animal and clinical (human) studies that were required of the brand-name medicines to demonstrate safety and effectiveness.
Generic pharmaceuticals are significantly cheaper than name brand ones because generic pharmaceuticals are not protected by patent law, so the lack of barriers to entry and increased competition keep prices down.
Also, the makers of generic drugs do not have to cover the cost of developing and marketing a new product.
Answer:
-50
Explanation:
Sum of 6 + sum of 4 = -100
100 + sum of 4 = -100
sum of 4 = -200
Avg of 4 = -200/4 = -50
