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Digiron [165]
4 years ago
8

True or False: Keeping his maximum willingness to pay for an antique car in mind, Manuel will not buy the antique car because it

would be worth less to him than its market price of $200,000.
Business
1 answer:
harina [27]4 years ago
4 0

Answer:

True

Explanation:

Manuel's willingness to pay versus the actual cost of something is defined as consumer surplus.

Consumer surplus = the maximum price that Manuel is willing to pay for the antique car - actual price of the antique car.

If consumer surplus is negative, then Manuel (or anyone else) will not be willing to purchase the car or any other good or service. Consumers will only purchase a good or service if their consumer surplus is ≥ 0.

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Costs that vary in total in direct proportion to changes in an activity level are called: Group of answer choices fixed costs su
mina [271]

Answer:

variable costs

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

7 0
3 years ago
This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
Naya [18.7K]

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

<h3>What is the IORB?</h3>

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

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8 0
2 years ago
Y do cat go poop? plz help answer dis
Dominik [7]

Answer:yes

Explanation:

3 0
3 years ago
Read 2 more answers
Annual sales are
finlep [7]

I believe the correct answer is C!

6 0
3 years ago
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
Ne4ueva [31]

Answer:

D) has sunk costs of $6,000

Explanation:

Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.

Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.

Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.

Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.

In this scenario D) has sunk sunk cost of $6,000

8 0
3 years ago
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