Answer:
$13
$9
Explanation:
Total surplus is the sum of consumer surplus and producer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price he pays for the good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the least amount a seller is willing to sell his product and the price he sells the product.
Producer surplus = price of the good - least price the seller is willing to sell his product
Total surplus = consumer surplus + producer surplus
Total surplus = willingness to pay - price of the good + price of the good - least price the seller is willing to sell his product
Prices cancel out
Total surplus = willingness to pay - least price the seller is willing to sell his product
A. Total surplus = $18 - $5 = $13
B. Total surplus = $16 - $7 = $9
I hope my answer helps you
Answer:
$16,700
Explanation:
The computation of net income is shown below:-
Total expense = Insurance + Maintenance + Utilities + Depreciation
= $8,000 + $800 + $1,800 + $4,000
= $14,600
Expense of rented unit = Total expense ÷ Units
= $14,600 ÷ 2
= $7,300
Here, we assume 2 units
Net income for reporting = Rental income - Expense of rented unit
= $24,000 - $7,300
= $16,700
Answer:
a. $16,350.
Explanation:
The computation of the advertising expense to Department T based on departmental sales is shown below:
= Total advertising expenses × Department T Sales ÷ total sales
= $37,000 × $212,550 ÷ $481,000
= $16,350
By multiplying the total advertising expenses with the department T sales and then divide it by the total sales we can get the allocation amount
Answer:<em> The correct option in this case is (c).</em><u><em> i.e. Economic profits induce firms to enter an industry and losses encourage firms to leave</em></u>
Economic profits is the difference between total revenues and total costs excluding opportunity cost.
For a instance when a firm generates economy profits then in that scenario it will be profitable to continue and expand .
Answer:
Batch-level costs.
Explanation:
The procurement cost is the cost that incurred for placing the orders with respect to the materials and supplier payment and these cost would be classified as a batch level cost as these cost are incurred in the batches
So as per the given situation the batch level cost would be taken into the consideration
And, the other options are incorrect
