Answer:
a. the buyer’s consumer surplus for that good is maximized.
Explanation:
The consumer will purchase up to the moment at whose preference price matches the market price.
Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.
Answer:
$723,000
Explanation:
The consolidation is a process in which parent company acquires controlling interest in another company. Stryder's is a 100% owned subsidiary which had a book value of net assets $170,000. The consolidated amount of assets to be reported in the balance will be sum of parents assets plus subsidiary's assets. The consolidated statement shows the assets of subsidiary's on which parent has claims. The consolidation shows aggregated financial results of the two companies.
Answer:
D. None of the above
Explanation:
Gross Domestic Product (GDP) is the total monetary value of all the goods and services a country produces within a period of time.
There are various approaches to calculating GDP which include; the income approach, expenditure approach and output approach.
The income approach to calculating GDP considers income from all the factors of production (profits, interest, rental and labor incomes) in each sector of the economy to arrive at the National income of the country.
Answer:
Martina
Javier :
Kama
Explanation:
The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.
The willingness to pay is the highest amount a person would be willing to pay for a good
Martina : $400 > $300 would participate
Javier : $350 > $300 would participate
Kama : $320 > $300 would participate
Lina : $200 < $300 would not participate
Answer:
The answer is: be able to recover damages
Explanation:
In order for a Drake (the plaintiff) to be able to recover damages he must prove that he suffered an injury (economic injury in this case) by Eve's false claims.
Eve promised to multiply Drake's money and instead Drake lost money. The proof of injury would be the money lost by trading with Eve's false algorithm.
