Answer:
neither
producer surplus
consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
The first scenario is neither a producer or consumer surplus because a transaction did not take place
The second scenario is a producer surplus.
the producer surplus = 60 - 55 = 5
The third scenario is a consumer surplus
consumer surplus = $114 - $107 = $7
Answer:
1. Service cost $650,000
Interest on projected benefit $52,200
obligation (580,000)*9%
Expected return on plan -$37,600
assets ($470,000*8%)
Amortization of PSC $111,000
Amortization of Net gains <u>$59,000</u>
Pension Expenses - 2021 <u>$716,000</u>
<u />
General Journal Debit Credit
Pension Expenses $716,000
Other Comprehensive Income (G/L) $59,000
Cash $590,000
Other Comprehensive Income (PSC) $111,000
Pension Asset/Liability $74,600
(To record pension expense and the employer's contribution for 2021)
Answer:
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- <u><em>True. The point (6,15) will be on the graph.</em></u>
Explanation:
Since all cards have the same price, there is a direct relation between the number of cards and the cost, with the unit price being the constant of proportionality.
The unit price is determined from the point<em> (4, 10)</em>, whihc means 4 cards for $10.
- K = unit price = $10/4cards = $2.5 per card.
Point <em>(6,15) </em>means that 6 cards cost $15. Is that true?
Use the constant of proportionality:
- Cost = K × number of cards
- Cost = $2.5/card × 6cards= $15.
Hence, indeed the cost of 6 cards is $15, and that is represented by the point (6, 15).
A concept test is an in-depth questionnaire filled out both by internal marketing personnel and external customers to ensure that the final product meets all the needs expressed in the original product plan is given below
Explanation:
1.Concept testing is validating your product concept with your target market prior to launch.
3 Steps To Build An Effective Concept Test
Step 1: Choose your test methodology. ...
Step 2: Design and field your study. ...
Step 3: Identify the most promising product concept.
2.Ways of measuring customer satisfaction include:
- Survey customers. ...
- Understand expectations. ...
- Find out where you are failing. ...
- Pinpoint specifics. ...
- Assess the competition. ...
- Try to measure the emotional aspect. ...
- Loyalty measurement. ...
- A series of attribute satisfaction measurement.
3.A company's success lies in its ability to offer products and services that fill customer demand. Measuring customer satisfaction helps you take stock of that demand, find out what your customers like, and maybe even discover what they don't like and what leads to dissatisfaction.
4.The 5 Biggest Challenges in Measuring Customer Satisfaction
- Reducing the financial impact of customer dissatisfaction. ...
- Controlling the cost of customer acquisition. ...
- Highlighting what is most attractive about your company's image. ...
- Reinforcing the relevance of your approach to continuous improvement. ...
- Improving the efficiency and the adequacy of your offerings.
5.A product concept is a detailed description of an idea, which you describe from the perspective of your customer. Taking your customers' viewpoint when describing your product concept will help you test and evaluate how responsive your market will be to your product.
6.The major purpose of concept testing is to evaluate the ideas in a better way. This is done to determine the buying intentions and attitudes of the customers towards the product. The main idea is to determine the initial reaction of the customers for the product idea.
