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
s344n2d4d5 [400]
3 years ago
14

A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television

priced at $500. The difference of $200 ($600 minus $400) is the A) consumer surplus. B) total return to shareholders. C) customer lifetime value. D) economic value created.
Business
1 answer:
kotykmax [81]3 years ago
5 0

Answer:

D. Economic value created.    

Explanation:

The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.

Following is the formula for calculation of economic value created:

Economic Value Created = Value customer willing to pay   -  Cost of product

Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:

Economic Value Created = $600 - $400 = $200

So the correct option is option D.

You might be interested in
A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
Rachel is saving her entertainment money for a summer trip to Europe, but she wants to spend time with her friends this Saturday
Vanyuwa [196]

Answer:

I'd say B,

Explanation:

becuase you dont need any money to hike and she wants to save it.

3 0
3 years ago
A lease for a period of more than one year must be in writing to comply with the __________ . (a) leasehold estate (b) statute o
Yakvenalex [24]

(b) Statue of frauds

<span>Statue of frauds is generally the requirement of particular contracts to be in writing and signed by all parties involved in an agreement. In the context of real estate, the statue of frauds protects tenants from unfair eviction or tenancy termination. Similarly, it protects property buyers from sellers’ “change of mind” or refusal to sell the property on the grounds that the seller obtained a higher offer price from another interested buyer. However, there are exemptions to the statue of frauds which vary from state to state. </span>

7 0
3 years ago
Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development t
gtnhenbr [62]

Answer:

Intrapreneurs

Explanation:

An intrapreneur is an employee who is responsible for creating new products in an organization. An intrapreneur is an individual who converts an idea into a finished product. An intrapreneur must possess the ability to create something unique, they must be self motivated individuals who are willing to take calculated risks inorder to achieve their goals.

An intrapreneur possess entrepreneurship skills, they must be able to inspire other employees to create something new because an organization will loose it's relevance if new products are not developed.

6 0
3 years ago
A broker, acting as the agent of a seller, must deal honestly and fairly with whom? Group of answer choices
Doss [256]

Answer:

Everyone involved in the transaction

Explanation:

As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.

But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.

And of course the broker should also make sure that his/her own rights are respected and his/her work is properly paid.  

8 0
4 years ago
Other questions:
  • Holly owns a dance studio. To improve sales of dance classes, she is reviewing how her marketing team could update the company's
    12·1 answer
  • The fallacy of _____ is arguing erroneously that what can be said of the whole can be said of the parts.
    5·1 answer
  • Suppose toyota manufacturing plant employs a total of 100 workers and pays a mean monthly salary of $ 5,000 to the employees in
    11·1 answer
  • Suppose the equilibrium price in a perfectly competitive industry is​ $15 and a firm in the industry charges​ $21. Which of the
    6·1 answer
  • What are at least two ways this image my affect demand?
    6·1 answer
  • A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
    10·1 answer
  • The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p
    10·1 answer
  • Ginocera Inc. is a designer, manufacturer, and distributor of low­cost, high­quality stain­ less steel kitchen knives. A new kit
    5·1 answer
  • What is the corpus callosum?
    10·1 answer
  • A(n) _____________ assists in decision-making by considering the product/service, market, industry, and financial data.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!