Answer:
A. consumer surplus is $20 larger than producer surplus.
Explanation:
Before getting to the little mathematics attached to this, there's a few terms we need to establish.
1. Consumer Surplus - This is simply the difference in price between what consumers are willing to pay and what they end up paying.
2. Producer surplus - This is simply the difference in price between what a producer is willing to accept for a given good or services and how much they actually end up selling the goods for.
Having established those terms,
In this situation,
Consumer surplus = amount consumer is willing to pay - amount consumer pays
CS = 300 - 200
CS = 100
Producer surplus = Amount received - minimum amount producer is willing to receive
PS = 200 - ( 60× 2)
PS = 200 - 120
PS = 80
The difference between consumer surplus and producer surplus
= 100 - 80
= 20
Therefore, consumer surplus is larger than producer surplus by $20.
Answer:
a. $508,000
b. $420,000
Explanation:
a. Assets = Equity + Liabilities
669,000 = Equity + 161,000
Equity = 669,000 - 161,000
Equity = $508,000
b. Assets = Equity + Liabilities
(669,000 - 127,000) = Equity + (161,000 - 39,000)
542,000 = Equity + 122,000
Equity = 542,000 - 122,000
= $420,000
During the initial period, the interest is 3% and it will not change until the second year and it can only be changed 5 times until it reached 7%. But for a 3% interest rate and an amount of $164,500, the monthly payment is
$164,500 (0.03)(1 + 0.03)^30 / ((1 + 0.03)^30 - 1) = <span>$883.07</span>
Answer:
a. May not be able to afford, but nevertheless admire, global brands.
Explanation:
Let's analize all the statements for separate.
A.Global dreamers favour the global brands. Unlike global citizens can't afford them, but still admire them.
B. Refers to Antiglobals
C. Refers to global agnostics
D. Is against some global brands, can be seen as soft global agnostic.