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
romanna [79]
3 years ago
13

Consumer surplus Select one: a. is the amount of a good that a consumer can buy at a price below equilibrium price. b. is the am

ount a consumer is willing to pay minus the amount the consumer actually pays. c. is the number of consumers who are excluded from a market because of scarcity. d. measures how much a seller values a good.

Business
1 answer:
Burka [1]3 years ago
8 0

Answer:

b. is the amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus = willingness to pay less price of the good.

Let assume a student is willing to pay $30 for a book and the price of the book is $15. The student's consumer surplus is $30 - $15 = $15

I hope my answer helps you

You might be interested in
When a company is following the proportionality principle in its policy creation, the security levels, costs, practices, and pro
iren2701 [21]

Answer:

<u>True</u>

Explanation:

The proportionality principle encourages for <em>balance or fairness. </em>Therefore, in its policy creation, the security levels, costs, practices, and procedures of a company <u>should be appropriate and proportionate to the degree of reliance on the system and the value of the data.</u>

For instance, you would not expect the security level of a company concerning its customers contact information to be the same with the company's operating address, because the latter is less sensitive.

5 0
3 years ago
Chace is a manager at Westwick Inc., an advertising company. He regularly holds meetings with his subordinates to track their wo
natita [175]

Answer:

concurrent control

Explanation:

Concurrent control (also known as steering or preventive control) is the process of monitoring activities in real time so as to identify and preventing problems from happening thereby producing the desired result and completion of activity in time. This involves applying regulations on the ongoing process based on standards, rules, codes, and policies so that they conform to the organization or company standards

5 0
2 years ago
How has Groupon effectively used personal selling, advertising, and public relations to market its products?
Rainbow [258]
Groupon effectively uses personal selling, advertising, and public relations to market its products and service by Maintaining a good relationship with the customers by providing easy usage on the application as the customers are convenience. Groupon will effectively use its marketing budget in this campaign to creatively reach consumers and achieve lasting brand loyalty
6 0
3 years ago
A few typos on a cover letter normally do not affect your chances of getting hired.
DENIUS [597]
B. False, the employer is looking to hire the people with the most eye catching and outstanding application, if you have an application in that doesn't have all the information on it or forgetting to capitalize your name could make them pass right over your application and go back to it if they have any open spots.

7 0
3 years ago
Read 2 more answers
On December 31, 2013, Stable Company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally c
LiRa [457]

Answer:

The company should recognize a gain on disposal of $29500

Explanation:

The straight line depreciation method charges a constant depreciation expense per year through out the estimated useful life of the asset.

The straight line depreciation expense per year is,

(Cost - salvage value) / estimated useful life

Depreciation expense = (910000 - 0) / 8   =  $113750

The number of years till 31 December 2013 = 6 years

The accumulated depreciation till December 31, 2013 = 113750 * 6 = $682500

The carrying value of the asset at 31 December 2013 = 910000 - 682500 = $227500

The gain/loss on sale = 257000 - 227500  =  $29500 gain

6 0
3 years ago
Other questions:
  • To record a​ 6% stock​ dividend, accountants use​ ________. To record a​ 55% stock​ dividend, accountants use​ ________. A. par
    11·2 answers
  • The chairman of a welfare organization asks an employee to head a fundraising activity. The employee, however, embezzles $250,00
    9·1 answer
  • A gift shop sells 1000 boxes of scented candles a year. The ordering cost is $50 for scented candles, and holding cost is $10 pe
    5·1 answer
  • The spouse of a brokerage firm employee wants to open a brokerage account so that he can trade individual stocks. If the account
    10·1 answer
  • Projects S and L both have normal cash flows, and the projects have the same risk, hence both are evaluated with the same WACC,
    15·1 answer
  • Westbank Real Estate, Inc. owns 10 acres of forested land. Westbank wants the land cleared in order to build houses. Westbank em
    11·1 answer
  • Three months of rent were prepaid on May 1 for $7,200, but two months have now expired, leaving only one month prepaid at June 3
    6·1 answer
  • Money held by the lender to pay homeowners insurance and property taxes is put in a fund called _____. A. Closing costs b. Commi
    12·1 answer
  • One of the disadvantages of investing in real estate is A) investors need expert help. B) pyramiding. C) equity buildup. D) leve
    13·1 answer
  • which would be considered assets? check all that apply.own a guitarchecking accountstudent loanstocks and bondsmonthly rentown a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!