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anastassius [24]
3 years ago
13

The demand function for widgets is given by D(P) 16 2P. Compute the change in consumer surplus when the price of a widget increa

ses from $1 to $3. Illustrate your result graphically.

Business
1 answer:
eduard3 years ago
8 0

Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically

Answer:

For price of a widget equal to $1 consumer surplus is

D(1) = 16 - 2(1) = 14

CS₁ = ½ × (8 – 1) × D(1) = ½ × 7 × 14 = 49.

When price is equal to $3 consumer surplus is

D(3) = 16 - 2(3) = 10

CS₃ = ½ × (8 – 3) × D(3) = ½ × 5 × 10 = 25

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vivado [14]

Answer:

A. True

Explanation:

For accepting the payment by credit card or by debit card, the online merchant i.e online seller by whom the individual buys the products online.

The online merchant has an agreement with the merchant account and the bank or financial institution so that the individual can able to pay the amount through online mode to the online merchant and in the same time, the amount is deducted from the individual bank account after placing the order

7 0
3 years ago
Accounting: A. measures business activities. B. is often called the language of business. C. processes data into reports and com
Anvisha [2.4K]

Answer: Is all of the above.

Explanation:

Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

7 0
3 years ago
The stock price of Atlantis Corp. is $43 today. The risk-free rate of return is 10%, and Atlantis Corp. pays no dividends. A cal
Elena-2011 [213]

Answer:

correct option is  a. $.05

Explanation:

given data

stock price S = $43

rate of return r= 10%

exercise price K = $40

time = 6 month

worth = $5

solution

we will apply here formula for worth that is  

P = C - S + K × e^{-rt}

here C is given worth 5 and S is stock price and K is exercise price and t is time and r is rate

so put here all value in equation 1 we get

P = C - S + K × e^{-rt}

P = 5 - 43 + 40 × e^{-0.1*6/12}

P = 5 - 43 + 38.05

P = 0.05

so here correct option is  a. $.05

8 0
3 years ago
explain the factors that makes marketing and important business activity towards economic development of a nation ​
V125BC [204]

Marketing is promoting and selling goods and services. On a national level, it is promoting and selling the outputs or products of one country to another country.

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3 years ago
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James Company is paid $6,000 in dividends from Mark Corp. on its equity investment. James lacks significant influence over Mark Corp. James Company should-----credit dividend revenue

<h2>Dividend Revenue Definition:</h2>

A dividend is defined because the fraction of the earnings of an organization that will be distributed among shareholders. Dividend revenue is that the income the individual shareholders or investors would receive according to the number of shares held.

<h3>Where is dividend in balance sheet?</h3>

When a corporation issues a stock dividend, it distributes additional quantities of stock to existing shareholders consistent with the number of shares they already own. Dividends impact the shareholders' equity section of the company balance sheet—the retained earnings, particularly .

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5 0
1 year ago
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