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zmey [24]
3 years ago
7

Suppose the market price is $5. The buyer who buys the first unit of output has a willingness-to-buy equal to $10; the buyer who

buys the second unit of output has a willingness-to-buy equal to $9; and the buyer who buys the third unit of output has a willingness-to-buy equal to $8. Total consumer surplus is: $12. $27. $10. $5.
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer:

Total consumer surplus is $12

Explanation:

Consumer surplus refers to the benefit derived by the consumer from the amount he is willing to pay as against market price. For example, Glee is willing to pay $10 for a product. The market price of the product is $5. His consumer surplus will be $5 (benefit).

Here, market price is $5.

Buyer is willing to spend $10 for first unit. Consumer surplus is $5 (10 - 5)

Buyer is willing to spend $9 for second unit. Consumer surplus is $4 (9 - 5)

Buyer is willing to spend $8 for third unit. Consumer surplus is $3 (8 - 5)

Total consumer surplus is $12 (5 + 4 + 3)

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One employee is in charge of the following activities at a drive-through of a bank: Activity Activity Time per Customer Greet cu
LiRa [457]

Answer:

26.67

Explanation:

Processing Time = 2 sec + 3 sec + 2 min + 10 sec

2 minutes = 2 x 60seconds = 120

Processing time = 120 + 2+ 3 + 10

= 135 sec

Process Capacity

= 1/135 x 60 (sec/min)

= 0.007407 x 60

= 0.44444

0.44444 x 60 (min/hr)

= 26.67

4 0
2 years ago
If Frank is researching the number of customers who have gluten or wheat allergies, and then he begins to devise a strategy to c
katrin2010 [14]

Frank is involved in planning if he researches the people that have wheat allergies and devises a way to cater to the people.

<h3>What is planning in business?</h3>

These are the strategies that are used in business where the manager would set objectives and goals for the company and then devise the ways that they would reach the goals they have set.

This is what Frank is doing here by setting up strategies to help cater for the individuals.

Read more on planning here:brainly.com/question/2486491

7 0
2 years ago
Changes in the quality of a good a. present a problem in the construction of the consumer price index, and that problem is somet
Agata [3.3K]

Answer:

D

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

Changes in the quality of good is not included in the calculation of CPI. This is one of its drawbacks

8 0
3 years ago
Copper Corporation, a calendar year C corporation, owns stock in Bronze Corporation and has net operating income of $900,000 for
UNO [17]

Answer: $150,000

Explanation:

The Dividend Received Deduction is a Federal tax deduction that applies when a related company pays dividends to another company that owns part of it.

The relevant provision is that when a company owns more than 80% of the company receiving the Dividend, the Dividend Received Deduction amounts to 100% of dividends received.

Cooper Corporation may therefore claim a deduction of $150,000 being the total amount as they own 85% of Broze Corporation Stock.

7 0
2 years ago
Read 2 more answers
In which journal would a customer's partial payment on account be recorded?
olga55 [171]

Answer:

Its real account

Cash A/C.....Dr

Debtor A/C....Dr

To Creditors A/C....

4 0
2 years ago
Read 2 more answers
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