1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sashaice [31]
3 years ago
15

Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $

2 for a bottle of mineral water. The 7­Eleven sells mineral water for $2.25 per bottle, so she declines to purchase it. a. The Consumer surplus of 5-10=$5 b. ... Determine the amount of producer surplus generated in each of the following situations.
Business
1 answer:
AlladinOne [14]3 years ago
5 0

Answer:

The answer is: There was no consumer surplus in this situation.

Explanation:

consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.

In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.

You might be interested in
When people need money to pay for housing, food, and clothes, what do they look for?
Mariana [72]

Answer:

Government Benefits

Explanation:

it's basically like what a homeless shelter or like a stigmas check

7 0
3 years ago
A frozen foods company changes an ingredient to meet a new government standard. This is an example of
sleet_krkn [62]

Answer: Following a federal regulation.

Explanation:

Following a federal regulation will help the frozen food company to avoid government sanctions or fines by following regulatory requirement. It is also important because it helps to protect the health, safety and wellbeing of the public.

Federal regulations reduces environmental pollution and curbs excesses in any industry.

4 0
3 years ago
Current ad valorem property taxes owed by the seller that have NOT yet been billed at the time of closing are an example of A) n
amid [387]

Current ad valorem property taxes owed by the seller that have NOT yet been billed at the time of closing are an example of (D) accrued items.

  • The portion of the budgeted expenses of a taxing body that must be funded by real property taxes.
  • Taxing entities occasionally use an equalization technique as part of the assessment process to reduce significant differences in assessed values within a district.
  • The taxation authorities in Texas will only accept payment from one entity when it comes time to pay the property taxes at the end of the fiscal year.
  • The property taxes will therefore be prorated at closing when you sell or buy a home so that each party pays their fair share of the year's taxes.

How does property tax work in Texas?

  • Texas levies property taxes as a percentage of each home's appraised value.
  • So, for example, if your total tax rate is 1.5%, and your home value is $100,000, you will owe $1,500 in annual property taxes.

Learn more about ad valorem property taxes brainly.com/question/13226646

#SPJ4

5 0
2 years ago
If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric
Sholpan [36]
The answer to this item is letter <em>C. PRICE ELASTIC. </em>

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

The total revenue is calculated by multiplying the total items, good, or services sold by the unit price. For the demand which is price elastic, the decrease in the price will cause a higher raise in the number of customer vying for the products and services. 
7 0
4 years ago
There is demand for and supply of dollars and a demand for and supply of pesos. Under a flexible exchange rate system, if income
KiRa [710]

Answer:

There is demand for and supply of dollars and a demand for and supply of pesos. Under a flexible exchange rate system, if income growth in the United States is greater than income growth in Mexico, then the  dollar would increase its value over the peso.

Explanation:

Given that in the situation in question the quantities supplied and demanded of both currencies remain stable, in principle there should be no valuation of one over the other for reasons of supply and demand.

Now, since the economic growth in the United States that sustains the value of the dollar is greater than that growth in Mexico that sustains the value of the peso, the greater the value of the dollar in international markets. This will necessarily imply a higher valuation of the American currency, which will widen the gap in the exchange rate with respect to the peso, which instead will remain stable in global markets.

5 0
3 years ago
Other questions:
  • The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:
    6·1 answer
  • Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the mont
    6·1 answer
  • The bargaining leverage of suppliers is greater when: Select one: a. Only a small number of suppliers exist and when it is diffi
    6·1 answer
  • Consumer consumption was encouraged by the extensive use of advertising and the use of __________ a practice that allowed a prod
    9·1 answer
  • (1) Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will
    10·2 answers
  • The type of work you do to earn a living is called A. Occupation B. Skills C. Identity B. Dignity
    14·1 answer
  • A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the
    12·1 answer
  • I need the answer asap
    15·2 answers
  • 4. Read the scenario below and explain to the
    13·1 answer
  • On Jan. 1, 2014, Westerfeld Company placed into service a machine that had an acquisition cost of $60,000, a salvage value of $6
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!