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
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

You might be interested in
Adding Erik Olin Wright’s concept of contradictory class locations to the Marxist concept of capitalists versus the proletariat,
bija089 [108]

Answer:

a salaried paralegal assistant at a law firm

  • <em>Correct label: proletariat the head of printing press operations at a major newspaper </em>
  • <em>Correct label: contradictory the owner of a large franchised restaurant </em>
  • <em>Correct label: capitalist a freelance graphic artist </em>
  • <em>Correct label: contradictory</em>
4 0
3 years ago
How can you ensure that you do not get lost on your way to your interview or arrive late? (Site 1)
DiKsa [7]

Logical: Plan ahead and set multiple alarms to ensure that you have no snags in your transport to and from your interview.

Illogical: Open a portal in the fabric of space and time and just teleport there 10 minutes before the interview.

3 0
2 years ago
Read 2 more answers
John's Auto Repair just obtained an interest-only loan of $35,000 with annual payments for 10 years and an interest rate of 8 pe
Nookie1986 [14]

Answer:

$2,800

Explanation:

An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period.

Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.

Hence, in the 8th year, John is expected to pay only the interest for the period =

0.08 x $35,000

= $2,800

5 0
2 years ago
The sales budget for Modesto Corp. shows that 21,900 units of Product A and 23,900 units of Product B are going to be sold for p
rewona [7]

Answer:

22,290 units

Explanation:

Product A sales (S) = 21,900 units

Product A selling price = $11.90

Product A beggining inventory (I)= 3,900

Product A ending inventory (E) = 3,900 x 1.10 = 4,290

Budgeted purchases of product A must account for all of the projected sales and the desired ending inventory, assuming that the company already has a beginning inventory at hand. Budgeted Purchases of product A are given by:

B = S+E-I\\B= 21,900+4,290-3,900\\B= 22,290\ units

6 0
3 years ago
the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
3 years ago
Other questions:
  • If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by 2 percentage point
    7·1 answer
  • When heavy rain ruined the banana crop in central​ america, the price of bananas rose from ​$0.90 a pound to ​$1.10 a pound. ban
    12·1 answer
  • What is one negative effect of current patterns in global trade?
    8·2 answers
  • Looking at four pillars of a healthy relationship (trust, respect, support and communication), how would you as a health care le
    9·1 answer
  • For a performance appraisal to be effective, it should do all of the following except: a. take place several times a year b. be
    14·1 answer
  • Leighton has spent the last two hours going over customer surveys to see how well her company is achieving its goal of improving
    15·2 answers
  • Clu, Dolf, and Elton do business as Fertile Valley Farm. Clu s relationship to the firm ends, but it continues to do business. T
    11·1 answer
  • All of the following statements about GDP are false except Group of answer choices Higher GDP reflects more equal distribution i
    12·1 answer
  • CL Inc., a new firm, used mass media to gain traction among customers. The company used sales promotions and public relations to
    9·2 answers
  • Which of the following is NOT one of the appeals of diversifying into unrelated businesses?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!