The deadweight loss is $90.6.
<h3>How to calculate the loss?</h3>
The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.
This means there's a loss of 10% in value constitute the deadweight loss.
Average amount spent on gift = $906
Percentage loss in value = 10% or 0.10
Calculate the deadweight loss -
= Average amount spent on gifts * Percentage loss in value
DWL = $906 * 0.10
The deadweight loss would be $90.6.
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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.
Calculate the deadweight loss if the average amount is $906.
Answer:
cost depletion expense = $128700
so correct option is B. $128,700
Explanation:
given data
paid = $429,000
recover = 6,500 pounds
extracted = 1,950 pounds
sold = $277,000
to find out
cost depletion expense
solution
we get here cost depletion expense that is express as
cost depletion expense = 
× extracted ...........1
put here value we get
cost depletion expense = 
× 1950
cost depletion expense = $66 × 1950
cost depletion expense = $128700
so correct option is B. $128,700
Answer:
Amount of cash Mick receive from the bank: $768,450
Explanation:
Given:
- $750,000 note
- interest of 9%
- n = 6 months
- Effective interest rate of 12% = 0.12
At first, we need to find out the maturity value, which is:
= $750,000 + $750,000 × 9%
= $750,000 + $67,500
= $817,500
Hence, amount of cash Mick receive from the bank:
= <em>Maturity amount - Maturity amount × effective interest rate × number of periods in year</em>
<em>= </em> $817,500 - $817,500
*0.12*
= $817,500 - $49,050
= $768,450
Hope it will find you well.
Answer: Code of accounts.
Explanation:
In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.
A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.
Answer:
Product quality guarantee
Explanation:
The aim of total quality management (TQM) is to offer good quality products by reducing or eliminating errors in the products. TQM holds every person involved in the production process accountable for ensuring product quality.
By adopting TQM, e-commerce company will be able to reduce replacement cost as it helps in improving manufacturing processes, thereby improving customer satisfaction.
