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Natasha_Volkova [10]
3 years ago
11

Suppose that the price of a cashmere sweater is​ $100 and​ Jean's marginal benefit from a cashmere sweater is​ $300. If Jean buy

s 1 cashmere​ sweater, what is her consumer​ surplus? ​Jean's consumer surplus is ​$nothing
Business
1 answer:
Elenna [48]3 years ago
6 0

Answer:

$200

Explanation:

Given that,

Price of sweeter = $100

Marginal benefit from sweeter = $300

Recall that

Consumer surplus refers to the marginal benefits gotten from a good in excess of the price of paid for that good, summed over the total quantity of goods bought.

Since only one sweeter was bought

Thus,

Consumer surplus = (marginal benefit - price) ÷ quantity bought

= (300 - 100) ÷ 1

= $200

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Answer:

r = 0.235 or 23.5%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

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r = 0.06 + 2.5 * 0.07

r = 0.235 or 23.5%

3 0
3 years ago
Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during Sept
tamaranim1 [39]

Answer:

d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.

Explanation:

For tickets sold in advance, revenue is not recognized on those tickets until the matches have been played. As such, when payment was received for the tickets, the required entries were Debit Cash account and credit Deferred or unearned revenue.

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For the 3 games played in September, revenue earned

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6 0
4 years ago
Jennifer's Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides to produce her 100th batch of
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Answer:

To maximize her profit, Jennifer should abandon the product.

Explanation:

To maximize the profit Jennifer should keep marginal benefit as higher as she can, this could happen keeping marginal revenue higher and marginal cost lower as much as she can.

In this case marginal cost is higher than the marginal revenue, which is resulting as a marginal loss. Each extra batch being sold will add a loss of $10 ($110-$120).

Jennifer should abandon the product because it will reduce the average marginal benefit or total profit gradually.

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Answer:

so!!! keep on learning,you can do it,and keep up the good work

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Answer:

Three ways employers use to pay employees include salary, hourly wage and commission.

Explanation:

hope it helps you!

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