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3 years ago

Select the two situations with the highest total surplus.

Business

1 answer:

dolphi86 [110]3 years ago

5 0

Answer:

c. Kevin wanted to spend $50 on a dishwasher and bought one at $45 from a producer who was hoping to receive $40.

d. Jay buys a house for $40,000 less than he was willing to pay. He bought his home from sellers who received $2,000 more than they were willing to sell for.

Explanation:

Total surplus is the sum of consumer surplus and producer surplus.

Consumer surplus is the difference between the willingness to pay of a consumer and the price he pays for the good.

Producer surplus is the difference between the price a seller sells a good and the least price the seller is willing to sell his good.

In the first option, the total surplus is $2.25 + $3 =$ 5.25

In the second option, there is no consumer surplus.

In the third option, consumer surplus = $50 - $45 = $5

Producer surplus: $45 - $40 = $5

Total surplus = $5 + $5 = $10

In the fourth option, the total surplus is $40,000 + $2000 = $42,000

I hope my answer helps you

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Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that a

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Answer:

d. $1050.

Explanation:

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northern city bank keeps no excess reserves. assume northern city bank receives a deposit of $50 million dollars. as a result of

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