Answer:
a) consumer
$5
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.
The price of the goods is $35 but Alice would pay ($35 - $10) = $25
The consumer surplus is $30 - $25 = $5
Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.
I hope my answer helps you.
The cost of electricity. <span> because explicit costs are like accounting costs. They are direct costs that come with operating a business. A,B and C are all implicit costs, they are like opportunity costs and do not have any direct value in a accounting perspective.</span>
Answer:
20%
Explanation:
Since the gross margin is $20,000 and the gross margin percentage of Pentex is 10%, so from this information we can find out the sales value which is shown below:
Gross profit percentage = Gross profit ÷ sales
10% = $20,000 ÷ sales
So, the sales would be $200,000
Since the Pentex sales is twice of Marbro
So, the Marbro sales would be half of Pentex sales
So, the Marbro sales would be $100,000
Now the Marbro gross profit percentage would be
= $20,000 ÷ $100,000
= $20%
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