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boyakko [2]
3 years ago
11

Suppose that Michelle buys a cappuccino from Paul's Cafe and Bakery for $ 6.25 . Michelle was willing to pay up to $ 8.25 for th

e cappuccino, and Paul's Cafe and Bakery was willing to accept $ 1.75 for the cappuccino. Based on this information, answer the questions..
a)Michelle\'s consumer surplus is equal to?
b) Paul\'s Bakery\'s producer surplus is equal to?
Business
1 answer:
KIM [24]3 years ago
7 0

Answer:

a. $2

b. $4.5

Explanation:

The computation of the producer and consumer surplus is presented below:

a. The consumer surplus = Willing to pay - Market price  

                                          = $8.25 - $6.25

                                          = $2

b. Producer surplus = Market price -  willing to accept

                                  = $6.25 - $1.75

                                   = $4.5

Hence all the given information is to be considered.

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C. By allowing the same money to be both stored as a deposit and  loaned to businesses is the correct answer.

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3 years ago
Breonna Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, con
maksim [4K]

Answer:

$35,000

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Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).

Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000

7 0
3 years ago
According to the United Nations' stages of economic development for classifying countries with respect to levels of industrializ
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Answer:

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Explanation:

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4 0
3 years ago
A(n) _____ refer(s) to a detailed description of a brand's current marketing position.
NemiM [27]

Answer: Situation analysis

Explanation:

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3 0
3 years ago
PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP
fredd [130]

Answer:

1144.95$

Explanation:

375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!

3 0
3 years ago
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