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Ivahew [28]
3 years ago
15

As a consumer you believe yourself to act rationally, optimally and self-interestedly. You like ice cream and value a pint at $7

. Usually you buy a pint each week at $4. This week however, the price jumped to $5 a pint. What would you do? a. ​buy the ice cream since the price is still below your maximum willingness to pay b. ​buy the ice cream since even at the new price it gives you a positive amount of consumer surplus c. ​not buy the ice-cream since the price is now higher d. ​both A&B
Business
1 answer:
enyata [817]3 years ago
8 0

Answer:

both A&B

Explanation:

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

A rational consumer would always purchase a good if the price of the good is below the consumer surplus.

When tue price was $4, the consumer surplus is $7-$4=$3

When the price is $5, the consumer surplus is $7-$5=$2

The consumer should still purchase the good since the consumer surplus is still postive.

I hope my answer helps you

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Answer:

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Explanation:

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Add: Discount period $7,800

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Therefore the total cost of Hunter's equipment is $102,240

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D

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The ________ method adjusts net income to find net cash provided by operating activities.
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Answer:

indirect

Explanation:

The indirect method adjusts net income to find net cash provided by operating activities.

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Marketplaces - 8th - Business Tech
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Answer:

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The balance column in a ledger account is: Multiple Choice An account entered on the balance sheet. A column for showing the bal
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