Answer:
consumer surplus = $3.5
producer surplus = $2
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Jeff's consumer surplus = $7 - $6 = $1
Samir's consumer surplus = $8.50 - $6 = $2.50
total consumer surplus = $1 + $2.50 = $3.50
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Manufacturer 1's producer surplus = $6 - $4.5 = $1.50
Manufacturer 2's producer surplus = $6 - $5.50 = $0.50
total producer surplus = $1.50 + 0.50 = $2
Answer:
Required return for Savitz: 10.95%
Explanation:
<u>Considering the gordon model we have to solve for the cost of capital (Ke)</u>
D1 2.08
P 42
g 0.06
Ke 0.10952381
Answer:
Leniency
Explanation:
In business, leniency refers to a of mistake that occurred when you do not take instruction from your superior or client too seriously.
Typically, this will resulted in a confrontation since the one who pay for your labors believed that you just take their money without wanting to provide good results.
In the example above, from 30 employees, Angor rate 25 of them with an exact same rating. (8 from possible 1-10). This will most likely occur because Angor did not really use a strong/proper requirements for the scoring.
Answer:
11,500 was the number of Equivalent Units of Production (EUP)
Explanation:
EUP (FIFO) = Completed Units + Units at the end of the period - Units at the beginning of the period
EUP (FIFO): 12,000 + 1,200 x 25% - 2,000 x 40% = 11,500
Remember:
In the FIFO method to calculate EUP is considered the sum of work done on beginning inventory and percentage of work done on ending inventory adding to the started and completed units during the period.
