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Andru [333]
3 years ago
11

Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d

ay, he is willing to pay $0.95 for the first can, $0.80 for the second can, $0.60 for the third can, and $0.40 for the fourth can. Assume Abraham is rational in deciding how many cans to buy. His consumer surplus is:_______
a. $0.50.
b. $0.60.
c. $0.70.
d. $1.00.
Business
1 answer:
oksian1 [2.3K]3 years ago
5 0

Answer:

c. $0.70.

Explanation:

The consumer surplus is determined by subtracting Equilibrium price from willing price

Here there are 3 willing prices which are greater than Equilibrium price. The price to buy the forth can is $0.40 which is below the equilibrium price of $0.55, so he will not buy the forth can.

Willing price for first can (W1) = $0.95

Willing price for second can (W2) = $0.80

Willing price for third can (W3) = $0.60

The Equilibrium price (E) is $0.55

Consumer Surplus = (W1 - E) + (W2 - E) + (W3 - E)

Consumer Surplus = ($0.95 - $0.55) + ($0.80 - $0.55) + ($0.60 - $0.55)

Consumer Surplus = $0.40 + $0.25 + $0.05

Consumer Surplus = $0.70.

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Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have _____
Viefleur [7K]

Answer:

Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have __________.

sufficient resources.

Explanation:

OSHA means Occupational Safety and Health Act.  The law was passed in 1970 to protect workers rights to safe working environments and to promote good health of workers.  OSHA employees are expected to properly inspect and regulate all workplaces.  But lack of resources (human, material, and financial) have hindered the attainment of the objectives of the law.  The OSHA employees have also faced challenges from employers who would rather not comply with workplace safety regulations.

5 0
3 years ago
The City of Crescent Hill operates a central motor pool as an internal service fund for the benefit of the city's other funds an
aliya0001 [1]

Answer:

C. Expenditures

Explanation:

Based on the information provided within the question it can be said that the Parks Department should use an expenditures account to record these billings. Expenditures refers to the action of spending funds to purchase goods or services on behalf of the company. Such purchases can include vehicle rentals like what was billed for the Parks Department.

4 0
3 years ago
Dominic heads the corporate communications department of Zookey Technologies. Eva is his least preferred coworker because her pe
Angelina_Jolie [31]

Answer:

The correct answer is A that is Relationship oriented leadership style.

Explanation:

Relationship oriented is an approach of the leadership style in which an individual or the person focuses or aim on the general well being as well as the motivation of the team members.

In this case, Dominic is most preferred in comparison to Eva as Dominic has a  pleasing personality and she is also helpful to other coworkers. So, she has a relationship-oriented style.

8 0
3 years ago
Provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finis
GalinKa [24]

Answer:

a. $1,000 will be recognized as service revenue using the cash basis.

b.  $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

Explanation:

Given that as of the end of the​ year, Peaceful Home has collected $ 1,000 from​ cash-paying customers while Peaceful Home ​'s remaining customers owe the business $ 1,400.

Revenue to be recognized using;

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$1,000 will be recognized as service revenue using the cash basis.

  • Accrual basis

On accrual basis, revenue is recognized when the service has been provided irrespective of whether cash has been collected or not.

A total of $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

7 0
3 years ago
Resource management for most service-providing organizations generally requires as many intermediate levels of planning as it do
devlian [24]

Answer:

FALSE

Explanation:

The resource management refers to how efficient and effective are used the organization's resources.

We must understand for resources the following:

  • financing
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  • information and technology
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As a service-providing organization do not employs a manufacturing process theyr levels of planning are lower in a service-providing organization

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