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]
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

You might be interested in
Organic Grocer employed Jacobson as its manager and gave her authority to purchase supplies and goods for resale. Jacobson had b
Vlada [557]

Answer:

ltem of important must be shown separately

what is that GAAP

7 0
2 years ago
The equipment necessary for a 4 year project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The as
Allisa [31]

Answer: $618,096

Explanation:

Accumulated depreciation after 5 years = 20% + 32% + 19.2% + 11.52

= 82.72%

Value after 4 years = 3,300,000 * ( 1 - 82.72%)

= $570,240

Gain on sale = Salvage value - Net book value

= 650,000 - 570,240

= $79,760

Aftertax salvage value = 650,000 - (Gain on sale * tax)

= 650,000 - (79,760 * 40%)

= $618,096

6 0
3 years ago
9. The cost of producing one more unit of a good is known as a(n) (1) Fixed cost. (2) Variable cost. (3) Operating cost. (4) Mar
miskamm [114]

Answer:

Marginal cost.​

Explanation:

6 0
3 years ago
Which of the terms below is often used in addition to the words "writing" and "record", and thus recognizes that UCC contracts a
hoa [83]

Answer:

<em>An electronic record</em>

Explanation:

An electronic record is data <em>that is or is being generated by a desktop. It is obtained when an agency or individual activity is initiated, conducted or completed.</em>

Instances of digital records include: email messages, handwritten documentation, electronic spreadsheets, digital photos, and databases.

6 0
3 years ago
Which of the following is not a type of consumer credit?
Masteriza [31]
Automobile loans is not a type of consumer credit
8 0
3 years ago
Read 2 more answers
Other questions:
  • In a free-market economy, a product that entails a negative externality (additional social cost) will be
    6·1 answer
  • At year end, CurlZ Inc.'s inventory consists of 100 bottles of CleanZ with a cost of $1, and a selling price of $0.80 per bottle
    5·1 answer
  • The Flint Fan Corporation is considering the addition of a new model fan, the F-27, to its current products. The expected cost a
    10·1 answer
  • The state of competition is an industry, according to porter, depends on ______ basic forces.
    5·1 answer
  • Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would
    8·1 answer
  • Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
    14·1 answer
  • Briefly explain what the term "balance of trade" refers to from a macroeconomic perspective and include a brief description of h
    11·2 answers
  • Yosko Company manufactures luggage sets. Yosko sells its luggage sets to department stores. Yosko expects to sell 2,050 luggage
    13·1 answer
  • Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Cer
    15·1 answer
  • Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual in
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!