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Stells [14]
2 years ago
15

A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing

to pay $90 at most for the ticket, and purchases it at $75. What does the $50 difference (between $40 and $90) represent?
Business
1 answer:
Burka [1]2 years ago
7 0

Answer:

profit + consumer surplus.

Explanation:

The profit obtained by the reseller is given by the difference between the amount received on sale ($75) and the purchase price ($40). The consumer surplus is determined as the difference between the willingness to pay ($90) and the actual amount paid ($75). Therefore, the difference between $90 and $40 is the profit plus the consumer surplus.

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The reason fast food restaurants often are found in close proximity to each other is a. they enjoy competition b. location clust
olganol [36]

Answer:

b. location clustering near high traffic flows

Explanation:

Proximity to customers is a major consideration when deciding on a business location.  A business situated in areas with many potential customers has a high probability of succeeding. Restaurants are usually strategically situated in places with heavy customer flow.  

Restaurants may be established near offices, in market places, near public transport terminus, or other location convenient to customers.  With time, customers tend to associate that particular building, area, or street with restaurants. As the area becomes synonymous with restaurants, more customers will visit it, leading to more restaurants to open in that locality.

3 0
2 years ago
The following data apply to Elizabeth's Electrical Equipment: Value of operations $20,000 Short-term investments $1,000 Debt $6,
Liula [17]

Answer:

b. $50.00

Explanation:

Intrinsic per share stock price immediately after the repurchase will be $50

4 0
2 years ago
With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested i
Oxana [17]

Answer:

This is how the market for board games would be affected in the explanation below

Explanation:

Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.

3 0
2 years ago
If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would y
Damm [24]

Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.

<h3>What are Personal Ethics at work place?</h3>

Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.

Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.

Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.

To know more about Personal Ethics at work place refer:

brainly.com/question/1031443

#SPJ1

7 0
11 months ago
McDonald’s requires $750,000 in cash or liquid assets, a __________ initial fee, plus a monthly service fee based on the restaur
nignag [31]

McDonald’s requires $750,000 in cash or liquid assets, a $45,000 initial fee, plus a monthly service fee based on the restaurant’s sales performance and rent.

Explanation:

According to McDonald's, total project expenditures, including construction costs and upgrades, vary from $1 million to $2.2 million. The number is determined by the restaurant geography and scale and the preference of kitchen equipment, branding, design style and landscaping.

McDonald's charges a franchisee premium of $45,000 and a monthly service rate equivalent to 4% of gross sales. Franchisees also have to pay rent, a proportion of the monthly sales to the client.

The International Union of Service Employees estimates that franchisees pay an average of 10.7% of revenue in rental costs.

The startup costs for McDonald's franchisee are like those of KFC, Wendy and Taco Bell.

6 0
3 years ago
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