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Andru [333]
3 years ago
14

Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, co

nsumer surplus will
Business
1 answer:
Serggg [28]3 years ago
5 0

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

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Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an
ki77a [65]

After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

brainly.com/question/15610382

#SPJ1

5 0
2 years ago
Stefan Ceramics is in the business of selling ceramic vases. It has two departments - molding and finishing. Molding department
lakkis [162]

Answer:

Explanation:

The journal entry is shown below:

Work in Process-Molding A/c Dr $3,000

     To Accounts Payable Control               $3,000

(Being the purchase and used production is recorded)

The computation of the purchase amount is shown below:

= Number of kgs purchased × price per kg

= 500 kgs × $60

= $3,000

The other information which is given is not considered. Thus, ignored it

6 0
3 years ago
Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot. a. The
AlexFokin [52]

Answer:

d. The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.

Explanation:

Opportunity cost is a microeconomic concept used to describe how much an economic agent fails to earn in one economic activity by employing money in another economic activity. Thus, all expenses that a student performs to study at the university, including tuition, gasoline, parking, material, and time spent on the activity, is considered an opportunity cost, since all of this could be spent on another activity.

5 0
3 years ago
2. Assume the cost object is the Manufacturing Department and that its total output is 15,500 units. a. How much total manufactu
tigry1 [53]

Answer:

There are three stages of assignment of costs to each product and these are as under:

  1. Allocation
  2. Apportionment
  3. Absorption / Activity Based costing

So this question relates to stage one. Suppose the following situation:

There are 2 departments and they have following expenses

Department A has a supervisor whose annual salary is $30000

Department B has a worker whose annual salary is $22000

Department A & B have shared a rented property for there operations.

Department A and B also shares electricity bills and annual electricity charges stand almost $80,000

Now the directly attributable / traceable cost to Department A are those that are hundred percent related to Department A. In this example, we saw that supervisor salary is the only cost that is hundred percent related to Department A. Likewise Worker's salary is also relateable to Department B. Whereas the rental cost and electricity bills are not directly attributable to these departments. So this means the manufacturing costs that are directly traceable are those that hundred percent relates to the manufacturing departments.

5 0
3 years ago
Technology Corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash f
LUCKY_DIMON [66]

Answer:

B) IRR is 3%. Reject the project.

Explanation:

We can use an excel spreadsheet to calculate the internal rate of return (IRR) for this investment:

we can use the IRR function =IRR(values,[guess])

where:

  • value 1 = -238160
  • value 2 to 6 = 52000
  • guess = optional, not required

=IRR(-238160,52000,52000,52000,52000,52000) = 3%

4 0
3 years ago
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