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Brut [27]
3 years ago
14

Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount th

e consumer is willing to pay. c. amount a consumer is willing to pay minus the amount the consumer actually pays. d. value of a good to a consumer.
Business
1 answer:
NARA [144]3 years ago
5 0

Answer:

C) amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus is a situation in which a consumer is willing to pay more for a product but he/she actually pays less that is he pays a lesser price compared to what he is willing to pay.

For example, a consumer is willing to pay $5 for a magazine but when he got to the mall, the price of the magazine is $4. The consumer surplus will be price he is willing to pay minus the price he bought it.

Consumer surplus= $5-$4

=$1

Consumer surplus is the difference between between the willing price of a consumer and the actual price paid(lesser than the willing price). It is a benefit to the consumer because they pay less than what is expected at the same value of satisfaction.

Consumer surplus is represented on a supply and demand curve by the area between the equilibrium price and the demand curve.

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An operations costing system is:
frosja888 [35]

Answer:

C. An operations costing system is the same as job  order costing system except that materials are accounted for in the same way as they are in process costing system

Explanation:

Operation costing is a hybrid of both job costing and process costing which can either used for:

  • products which use different materials initially but ends up using a common process for production that is same process for different group of products.
  • product has identical processing  initially for different group of products and ends up with more product specific procedures.
8 0
3 years ago
your company has a registered domain name. you decide to sell portions of the domain name and make it available to others. What
Aleks [24]

Answer: A shared domain

Explanation: A domain name refers to a registered address whereby the website of an individual or organization can be accessed. In simple terms, the name of a website is called the domain name. They are used in the identification of web pages and IP addresses. Domain sharing capabilities offer the opportunity to split users of a domain across multiple servers. When one decides to make portion of one's domain name available to others, such act is called domain sharing. This way a certain domain name will possess more than one user account.

5 0
2 years ago
Define working capital. How is working capital computed?
Phoenix [80]

Working capital is calculated by subtracting current liabilities from current assets shown on a company's balance sheet. Current assets include cash, accounts receivable and inventories. Current liabilities include accounts payable, taxes, wages and accrued interest.

Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.

To calculate the working capital requirement, the following formula can be used: Working Capital (WC) = Current Assets (CA) – Current Assets (CL).

Learn more about working capital here:brainly.com/question/19804046
#SPJ4

8 0
1 year ago
Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i
Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot
bulgar [2K]

Answer:

$ 120.60

Explanation:

25 glasses * $ 5/ glass = 125 dollars gross income

income - expense = profit

125 - 4.40 = 120.60 profit

5 0
2 years ago
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