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hoa [83]
2 years ago
5

At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3

240 and used supplies of $4320. At the end of February, the balance in the Supplies account should be
Business
1 answer:
otez555 [7]2 years ago
4 0

Answer: $2,700

Explanation:

The balance in Supplies account at the end of February can be calculated using the formula:

= Beginning balance + Supplies purchased in the month - Supplies used in the month

= 3,780 + 3,240 - 4,320

= $2,700

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Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically

Answer:

For price of a widget equal to $1 consumer surplus is

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CS₃ = ½ × (8 – 3) × D(3) = ½ × 5 × 10 = 25

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