All categories

3 years ago

The difference between the willingness to pay for a good and the price that is paid to get it is

Business

1 answer:

JulijaS [17]3 years ago

5 0

Answer:

Consumer surplus

Explanation:

The consumer surplus is a measure of the difference between the price a consumer is willing to pay for a unit of a product and the price they actually pay for that product unit.

If a consumer is willing to to pay a higher amount than the actual selling price of a product, it is deduced that the consumer surplus for that product, is higher than if the consumer were charged for the product at his highest willingness point to pay.

You might be interested in

What do you think would make women's contributions to entrepreneurship more visible and less surprising to people?

ohaa [14]

Answer: They must continue with their work, which goes beyond being housewives.

Explanation: Today women have achieved a lot to be seen as beings who have the ability to undertake large-scale projects. Women should continue working, positioning themselves in direct positions, undertaking, and above all, supporting each other. Women must continue to demonstrate that they too are capable of occupying positions that have been seen only for men. Today we have women presidents of nations, CEOs and giving more contributions to society.

3 0

3 years ago

Read 2 more answers

Manning Company uses a joint process to produce Products W, X, Y, and Z. Each product may be sold at its split-off point or proc

kogti [31]

Answer:

Y and X

Explanation:

Product Additional Additional Costs Difference Decision Revenues

W 40000 60000 -20000 Sell Now

X 8000 4000 4000 Process On

Y 100000 32000 68000 Process On

Z 4000 20000 -16000 Sell Now

8 0

3 years ago

When the coupon rate on newly issued bonds ________ relative to older, outstanding bonds, the market price of the older bond ___

azamat

Answer:

The Answer is B) Rises in the secondary market decreases.

Explanation:

When the coupon rate on newly issued bonds decreases relative to older, outstanding bonds, the market price of the older bond rises in the secondary market.

A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate

For example, a $2,500 bond with a coupon of 10% pays $250 a year. Typically these interest payments will be semiannual, meaning the investor will receive $250 twice a year.

If two bonds offer different coupon rates while all of their other characteristics (e.g., maturity and credit quality) are the same, the bond with the lower coupon rate generally will experience a greater decrease in value as market interest rates rise.

Bonds offering lower coupon rates generally will have higher interest rate risk than similar bonds that offer higher coupon rates.

Cheers!

4 0

3 years ago

There is a new country called Tiderce where the people's political opinions lead them to divide themselves into five different g

nikdorinn [45]

Answer:

"Lion and Tiger" is the right choice.

Explanation:

Two sides are joining together in an alliance. Around each other, Lion as well as Tiger have 20 + 24 = 44% elections. Therefore no political party forms the above large percentage throughout the sequential manner.
Only within chronology will parties join hands, as they are listed in order from some of the more progressive to many of the conservative, and therefore only platforms based on the common ideologies can show solidarity.

Lion and Gazelle, for instance, will not join an alliance because their philosophies remain contrary.

3 0

4 years ago

Joint Cost Allocation—Physical Units Method Board-It, Inc., produces the following types of 2 × 4 × 10 wood boards: washed, stai

cricket20 [7]

Answer:

Products Physical Units Weight Allocation of Joint Cost

washed 45 45/100 0.45 x 710 = 319.5

stained 35 35/100 0.35 x 710 = 248.5

pressure treated 20 20/100 0.20 x 710 = 142

Explanation:

Joint Cost Allocation—Physical Units Method Board-It, Inc., produces the following types of 2 × 4 × 10 wood boards: washed, stained, and pressure treated.

These products are produced jointly until they are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards.

The joint production process costs a total of $710 per batch.

Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places.

Products Physical Units Weight Allocation of Joint Cost

washed 45 45/100 0.45 x 710 = 319.5

stained 35 35/100 0.35 x 710 = 248.5

pressure treated 20 20/100 0.20 x 710 = 142

5 0

4 years ago