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topjm [15]
4 years ago
10

For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.

Business
1 answer:
Gnom [1K]4 years ago
5 0

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

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Larkspur Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a u
Leni [432]

Answer:

Annual lease payment = $6874.69

Explanation:

Computation of annual rental payment:

Residual value = 28000

present value (6%,4Yr) = 0.79209

Present value = 28000 x 0.79209

present value of residual value = $22178.52

Fair value of machine = $46000

Less: present value of residual value =22178.52

Amount recover from lease = Fair value of machine minus present value of residual value

Amount recover from lease = $46000 - $22178.52

Amount recover from lease = $23821.5

Annual lease payment = Amount to be recover from lease divided by present value Annuity factor (6%,4yr)

Annual lease payment = 23821.5/3.46510

Hence,

Annual lease payment = $6874.69

8 0
3 years ago
quipment purchased in 2006 for ​$30 comma 000 must be replaced in late 2017. What is the estimated cost of the replacement equip
DiKsa [7]

Answer:

$53,355.7047

Explanation:

The computation of the estimated cost of the replacement cost is shown below:

Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index  for 2017

= ($30,000 ÷ 149) × 265

= $53,355.7047

We simply applied the above formula so that the estimated cost could come

6 0
3 years ago
Greg had selected 8 intervals total to service. He logged in on time for each interval, but ended up logging out 5
inysia [295]

Answer:

The resulting CA percentage for the week to the nearest number is 94%

Explanation:  

CA refers to Commitment Adherence.

Commitment Adherence (CA) is a way to calculate the reliability of an employee in relation to how much time they put into their work.

Put differently, it is a mathematical comparison between how much time you stated that you were going to work versus the actual amount worked. This concept is prevalent with people who use clock-in and clock-out system to measure productivity.

Step 1

The formula for calculating Commitment Adherence (CA) is:

(Serviced Minutes - Excused Non-Serviced Minutes) / (Posted Minutes + Released Minutes)

When you log out at about 5 minutes early it translates to 83% because each interval is 30 minutes. So 23/30 = 83%

Step 2

There are 8 intervals. 5 of them are 100% each. Thus total intervals for the week equal

(5*100%)+(3*83%) =

7.49 *30 = 224.7

Total number of intervals selected =

8*30 = 240

Therefore commitment adherence = 224.7/240

= 0.94%

Cheers!

6 0
3 years ago
unlimited liability and separate taxation of the business are advantages of a sole proprietorship.true false
statuscvo [17]

Unlimited liability and separate taxation of the business are advantages of a sole proprietorship.

The statement is False.

<h3>What is taxation ?</h3>

In practically every nation on the planet, governments impose taxes as mandatory levies on people or organizations. Although it can be used for other things as well, taxes are typically utilized to finance government spending.

Taxes are imposed on tangible property, including real estate and business dealings like stock sales or home purchases. Taxes exist in a variety of forms, including income, corporation, capital gains, property, inheritance, and sales taxes.

A fundamental method for nations to produce public revenues that enable them to support investments in human capital, infrastructure, and the provision of services for residents and enterprises is through the collection of taxes and levies.

To learn more about taxation from the given link:

brainly.com/question/1980107

#SPJ4

4 0
1 year ago
Raphael is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: R
pychu [463]

Answer:

Resources are scarce and All costs are opportunity costs.

Explanation:

The scarce resource in this case is time. Because resources are scarce, then people have to take choices strategically. If time was infinite, then Raphael would dedicate more time to train.

The sentence could also illustrate that all costs are opportunity costs. The cost of doing something else, is not training. For example, the cost of the time that he dedicates to study, is the time that he could spent training. But here we are also talking about time, then it could be option A or option B, but for me, A and B are correct.

Because resources are scarce, all of what we decide to do have an opportunity cost.

8 0
3 years ago
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