1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
13

Andrew paid $30 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Andrew

's friend Nick learns that Andrew bought a potato cannon, he asks Andrew if he will sell it for $60, and Andrew agrees, since he would have sold it for $45. Nick is thrilled, since he would have paid Andrew up to $80 for the cannon. Andrew is also delighted. Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.
Business
1 answer:
maria [59]3 years ago
5 0

Answer:

$15

$35

Explanation:

Calculation to Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon

Consumer surplus from the original purchase=$45-$30

Consumer surplus from the original purchase=$15

Additional surplus generated by the resale of the cannon=$80-$45

Additional surplus generated by the resale of the cannon=$35

Therefore the consumer surplus from the original purchase is $15 and the additional surplus generated by the resale of the cannon is $35

You might be interested in
Susan leads a product innovation team. Her team meetings usually involve heated arguments, and many of the team members are know
sesenic [268]

Answer:

D. cognitive conflict

Explanation:

Cognitive conflict is a kind of conflict that arises due to someone who tends to provide information different from the one believed by the individual. Basically when one tries to alter the perception an individual has towards any kind of topic and that the belief is tried to be changed by providing extra information, then the individual might get into "cognitive conflict".

As the conflict does not result in any kind of permanent differences but rather just for that particular topic the individual feels to be in different opinion.

7 0
3 years ago
What is your primary source of investment funds?
ArbitrLikvidat [17]

Answer:

A. Saving or personal income

Explanation:

7 0
3 years ago
In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to wh
kobusy [5.1K]

Answer:

Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory

Explanation:

Cost of goods sold is the total direct costs of producing the goods sold by a company.

Cost of goods sold = cost of direct materials + cost of direct labour + Manufacturing Overhead  + Beginning work in process inventory – Ending work in process inventory

7 0
3 years ago
Rebecca sells her personal scooter for $550. she purchased the scooter for $700 three years ago. she also sells a painting for $
likoan [24]
Rebecca sells her personal scooter = $550
And she purchased three years ago for $700
loss in the selling of scooter = $700 - $550
 = $150
she sell painting for $1200
and he purchased that painting five years ago = $900
profit = $1200 - $900
$300
So $300 - $150  = $150
She still get benefit on selling both things
8 0
3 years ago
When a commercial for men's razor blades demonstrate how the blades work to create the closest shave, the brand is using a _____
Ivenika [448]

Answer:

a) Informational

Explanation:

The company is using informational appeal in its advertisement to convince the buyers that they need the product and shows how it works. . This type of appeal informs customers of the features, quality and benefits of a product. The demonstration of how the blades work helps the potential customers to make a rational decision as it it portrays that the blades' function of the providing the closest shave is what they need.

4 0
3 years ago
Other questions:
  • Consider the figures below and determine which is the best description of what causes the shift from ad1 ad1 to ad2 ad2.
    12·1 answer
  • Which method of depreciation results in periodic depreciation expense that fluctuates from one period to the next, not necessari
    9·1 answer
  • "A new machine, with a 4-year life, has an initial cost of $1,200 and annual costs of $380. The equivalent annual cost of this m
    10·1 answer
  • The following monthly data are available for Crane Company. which produces only one product: Selling price per unit, $38; Unit v
    7·1 answer
  • Which healthcare entity is best able to affect industry change?
    12·1 answer
  • A common room pricing strategy used by hotels is to price each day for which this room can be reserved, as discussed in the lect
    6·1 answer
  • During modeling of the CRISP-DM method, we would ______. a. ​clarify business goals for the data mining project b. ​assess if th
    6·1 answer
  • You expect to receive a payout from a trust fund in 3 years. The payout will be for $10,200. You plan to invest the money at an
    8·1 answer
  • QUESTION 6 of 10: A business with two owners where the profits are taxed as income to the owners is most likely a:
    7·1 answer
  • Is management essential in profit organization give reason​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!