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Troyanec [42]
3 years ago
8

Austin and Erin are willing to pay $10 and $9, respectively, for a ticket to a screening of a new movie. What is the total consu

mer surplus for both Austin and Erin if the market price of a ticket is $6?
A) $4
B) $7
C) $9
D) $19
Business
1 answer:
Rina8888 [55]3 years ago
8 0

Answer:

B) $7

Explanation:

The computation of the consumer surplus is shown below:

Consumer surplus = Willing to pay - Market price

For Austin, The consumer surplus = $10 - $6 = $4

For Erin, The consumer surplus = $9 - $6 = $3

So, the total consumer surplus = $4 + $3 = $7

Simply we deduct the market price from the willing to pay so that the consumer surplus can be computed

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Paul [167]

Answer:

D) Theoretical reason

Explanation:

Theoretical reason is the pursuit of truth, knowledge and wisdom. It is the reason that  leads to cognition. According to this belief, science is the ultimate means to truth. By following theoretical reason, we are in search of the highest standard for what we should believe and live by.

4 0
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Where can a client identify the instant deposit options for their QuickBooks Payments account?
kolezko [41]

Answer:

in the settings

Explanation:

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3 years ago
Known popularly by its section in the Federal Bankruptcy Code, which of the following types of bankruptcy is the traditional for
Step2247 [10]

Answer:

Chapter 7 bankruptcy

Explanation:

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6 0
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"A customer opens a margin account by purchasing 300 shares of XYZ stock at $80 per share and deposits the required margin. If t
vredina [299]

Answer:

Equity will increased by 50%

Explanation:

Given:

Number of stock = 300

Per share value = $80

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Find:

Customer's equity will ?

Computation:

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New market value = $24000 × (100% - 25%) = $18,000

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Equity will increased by 50%

5 0
3 years ago
An investment adviser with no place of business in the State is exempt from registration if it renders advice solely to employee
irinina [24]

Answer:

$1,000,000

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