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Troyanec [42]
2 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]2 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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3 0
1 year ago
If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero.
aev [14]

Answer:

If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero.

True

Explanation:

Reason being that it does not take any cost to secure such capital i.e no interest, then there is no cost for such capital

8 0
2 years ago
A supplier to Ford stamps out parts using a press. Changing a part type requires the supplier to change the die on the press. Th
Shtirlitz [24]

Answer:

The optimal production batch size for the supplier is 980 units.

Explanation:

In order to calcuate the optimal production batch size for the supplier we have to use the following formula:

optimal production batch size= \sqrt(<u>2×Annual Demand×setup cost)</u>

                                                                 Holding Cost

optimal production batch size=\sqrt (<u>2×(1,000×12)×($250×4)</u>

                                                                  ($100×25%)

optimal production batch size=\sqrt(<u>2×12,000×$1,000)</u>

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optimal production batch size= 980 units

6 0
2 years ago
You are given the following information with respect to a bond: par value: 1000 term to maturity: 3 years annual coupon rate 6%
Minchanka [31]

Answer:

Tha annual effective yield rate for the bond is:

= 6.2%

Explanation:

a) Data and Calculations:

Bond par value = $1,000

Annual coupon rate = 6%

Annual spot interest rates = 7%, 8%, and 9% for year 1, year 2, and year 3 respectively

Current value of bond = $970 ($1,000 * 99% * 99% * 99%)

Annual coupon payments = $60 * 3 = $180

Effective rate for the three years = $180/$970 * 100 = 18.6%

Annualized effective yield rate = 6.2% (18.6%/3)

OR

Annualized effective yield rate = (Annual coupon payments/Current value of bonds)

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5 0
2 years ago
Net credit sales $120,000 Average accounts receivable 20,000 Cash collections on credit sales 100,000 What is the receivables tu
Kazeer [188]

Answer:

6:1

Explanation:

Net credit sales is $120,000

Account receivable is $20,000

Cash collection on credit sales is $100,000

.

Therefore the receivables turnover ratio can be calculated as follows

= 120,000/20,000

= 6:1

Hence receivable turnover ratio is 6:1

4 0
2 years ago
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