1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
barxatty [35]
3 years ago
10

Welfare analysis: Basic concepts Identify whether each of the following statements best illustrates the concept of consumer surp

lus, producer surplus, or neither. Statement Consumer Surplus Producer Surplus Neither I sold a used laptop for $139, even though I was willing to go as low as $130 in order to sell it. Even though I was willing to pay up to $147 for a watch and even though the seller was willing to go as low as $137 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. Even though I was willing to pay up to $47 for a jersey sweater, I bought a jersey sweater for only $39.
Business
1 answer:
lianna [129]3 years ago
3 0

Answer:

I sold a used laptop for $139, even though I was willing to go as low as $130 in order to sell it - producer surplus PRODUCER SURPLUS

Even though I was willing to pay up to $147 for a watch and even though the seller was willing to go as low as $137 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. - neither NEITHER

Even though I was willing to pay up to $47 for a jersey sweater, I bought a jersey sweater for only $39. - CONSUMER SURPLUS

Explanation:

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell the product.

In this question, the producer surplus is $139 - $130 = $9

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

In this question, the consumer surplus is $47 - $39 = $8

I hope my answer helps you

You might be interested in
Peter Parker, CEO at Spdey Enterprises, finds his profits at $8,000,000 inadequate for his Web-Slinger business. His production
Lady bird [3.3K]

Answer:

Spdey Enterprises

The percentage improvement in Sales to achieve the desired profit is:

c. 42.86% increase in sales.

Explanation:

a) Data and Calculations:

Normal profit level = $8 million

Expected profit level = $14 million

                                             Normal            Expected

Sales per year              $40,000,000          $57,142,857

Cost of purchases          16,000,000            22,857,143

Production costs            10,000,000             14,285,714

Variable costs               26,000,000            37,142,857

Total contribution        $14,000,000       $20,000,000

Fixed costs                      6,000,000           6,000,000

Profit level                     $8,000,000        $14,000,000

Expected Contribution = Expected profit level + Fixed Costs

Normal Contribution = 35% of Sales

Normal Variable costs = 65% (100% - 35%)

Expected Contribution = $20,000,000 = 35% of Sales

Therefore, Expected Sales = $57,142,857 ($20,000,000/35%)

Normal Sales = $40,000,000

Expected Sales = $57,142,857

Percentage increase = 42.86% ($57,142,857 - $40,000,000)/$40,000,000

4 0
3 years ago
What does the IS curve​ show? A. It shows equilibrium points in the goods marketlong dashthe combinations of the real interest r
Mariana [72]

Answer:

Option (A) is correct.

Explanation:

Investment spending curve refers to the curve shows various combination of real interest rate and the equilibrium output. There is a negative relationship between the real interest rate and output which means that an increase in the real interest rate will reduce the output of an economy and if there is a fall in the real interest rate then as a result there is an increase in the output.

7 0
3 years ago
Nonverbal communication sends powerful messages through body language and facial expressions. Our work space arrangement also se
Ilia_Sergeevich [38]

Answer:

The correct answer is "He Value your Time"

Explanation:

Time is valuable in business. It is one of the most valuable components for the achievement of a business. According to the conduct of the official right hand, it proposes that he picked concentrating on each message in turn. He put aside his undertaking and confronted you. This unmistakably shows he esteems your time.

6 0
3 years ago
Sandra is 19 years old and has her first job as an administrative assistant in a law firm. She wears very low-cut shirts, short
sashaice [31]

People might believe that shes trashy she must sleep around with alot of men she wants attention people give her nasty names because of the clothing she choses. Quick note: People will always judge you on how you look you can be the smartest person ever but what you wear is how they will judge you even if you say it will not bother you it will eventually catch up with you and start tearing you down little by little untill you have no confidence in your self no more thats the reality its nasty but its true

8 0
3 years ago
Read 2 more answers
Consider a risky portfolio, A, with an expected rate of return of 0.15 and a standard deviation of 0.15, that lies on a given in
poizon [28]

Answer:

C) E(r) = 0.10; Standard deviation = 0.10.

Explanation:

the risky portfolio with an expected rate of return of 0.15 and standard deviation of 0.15 lies on the same indifference curve as another with:

  • expected return of 0.10, standard deviation of 0.10
  • expected return of 0.05, standard deviation of 0.05
  • expected return of 0.20, standard deviation of 0.20
  • etc.

All the points in this indifference curve will have an expected return = to the standard deviation, you exchange one unit of expected return per one unit of standard deviation.

4 0
3 years ago
Other questions:
  • Swisher, Incorporated reports the following annual cost data for its single product: Normal production level 30,000 units Direct
    15·1 answer
  • Since he started at american eyeful pictures, inc., david has worked in japan, china, and thailand. the company has probably set
    9·1 answer
  • An individual purchased a fixed annuity with flexible premiums. When she annuitized the policy, she chose the Life Income 10-Yea
    11·1 answer
  • Exxon Consulting works as an agent on behalf of business consumers to collect information on various industrial products. When f
    15·1 answer
  • A central lesson of the Solow model is:______.a. capital accumulation cannot serve as the engine of long-run per capita economic
    9·1 answer
  • Two major virtues of the market system are that it:
    7·1 answer
  • If STUDENT and COURSE participate in a relationship, this is an example of a(n):
    9·1 answer
  • Asking a job applicant if he or she has ever been treated for drug addiction is an example of a(n)
    15·2 answers
  • True or False: Evaluation of a Request for proposal is based solely on price.
    13·1 answer
  • Which factors are considered when deciding how to make goods and services?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!