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
Answer: GNP; GDP
Explanation:
<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>
Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.
This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.
Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.
Answer: centralization
Explanation:
When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to centralize.
Centralization is simply when an organizational activities especially those that has to do with decision making, planning, framing policies and strategies are all concentrated in a particular location group.
Answer:
In terms of the evolution of the internet,Web 2 point zero created online communities that connect buyers and sellers in new ways
Explanation:
Web 2 point zero as the name suggests is the second phase of internet advancement in that it transforms the internet from static web page into dynamic content as well as with the growth of social media channels.
Besides,the social media channels serve as platform for prospective sellers and buyers to connect and by extension to perfect business deals, thereby breaking the barriers of physical presence and the need to be operate in the same time zone.
The options that are included in comprehensive income are: Unrealized gains on available-for-sale securities.
<h3>What is Comprehensive Income?</h3>
Comprehensive income is a term that refers to the gains and losses that a company is yet to realize during its accounting period.
The gains, losses, revenue, that are yet to be classified can be classified as comprehensive income.
Learn more about comprehensive income here:
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