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Ksivusya [100]
3 years ago
10

For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi

ng to spend $30 on a pair of jeans, and has a coupon for $10 off she found online. She selects and purchases a $35 pair of jeans, pre-discount.
Alice's
a) consumer
b) producer
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

a) consumer

$5

Explanation:

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

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

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A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense:
olga_2 [115]

Answer: <em>Amount of budgeted income tax expense = $10,668</em>

Explanation:

Given:

Sales = $118,800

COGS = $48,500

Depreciation expense = $1,500

Interest expense = $250

Other expenses = $41,880

We'll compute the amount of budgeted income tax expense using the following formula:

Amount of budgeted income tax expense = 40% of (Sales - COGS - Depreciation expense - Interest expense - Other expenses)

= $118,800 - $48,500 - $1,500 - $250 - $41,880

= 40% x $26,670  

= $10,668

7 0
3 years ago
What is consideration​
geniusboy [140]

Copied from google:

con·sid·er·a·tion

Dictionary result for consideration

/kənˌsidərˈāSH(ə)n/

noun

noun: consideration

   1.

   careful thought, typically over a period of time.

   "a long process involving a great deal of careful consideration"

   synonyms: thought, deliberation, reflection, contemplation, cogitation, rumination, pondering, meditation, musing, mulling, examination, inspection, scrutiny, analysis, review, discussion; More

   attention, heed, notice, regard

   "your case needs very careful consideration"

       a fact or a motive taken into account in deciding or judging something.

       plural noun: considerations

       "the idea was motivated by political considerations"

       synonyms: factor, issue, point, concern, item, matter, element, detail, aspect, facet, feature, determinant

       "his health has to be the prime consideration"

       thoughtfulness and sensitivity toward others.

       "companies should show more consideration for their employees"

       synonyms: attentiveness, considerateness, thoughtfulness, concern, care, solicitousness, solicitude, mindfulness; More

       kindness, kindliness, understanding, respect, sensitivity, tact, discretion;

       unselfishness, compassion, sympathy, charity, generosity, benevolence, friendliness

       "it's time for companies to show more consideration for their local communities"

       antonyms: disregard, thoughtlessness

   2.

   a payment or reward.

   "you can buy the books for a small consideration"

   synonyms: payment, fee, premium, remuneration, compensation, recompense, emolument, perquisite; More

3 0
3 years ago
Marketers can use to link the virtual world of online social networking with the
Sladkaya [172]

Answer:

location-based social networking is the correct answer.

Explanation:

4 0
2 years ago
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What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agen
ElenaW [278]
I am positive it is D

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6 0
3 years ago
Micro Tech, Inc. made the following cash expenditures during current-year related to the development of a new technology which w
lilavasa [31]

Answer:

a.$348,000

Explanation:

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=$348,000

3 0
3 years ago
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