Relevant information is information you can’t trust

Monique buys a new television for $795. she receives consumer surplus of $355 from the purchase. how much does monique value h

iragen [17]

The value of the television for Monique is the same as the amount that Moniques is willing to pay for the television. We calculate this amount from the definition of consumer surplus. This term is a measure of consumer benefit. It is equal to the difference of the amount that the consumer is willing to pay for a certain good or service and the amount that the consumer really paid or the real price of the product or service. From this definition, we can calculate the value of the television for Monique.

Consumer surplus = value for monique - value paid
$ 355= Value for Monique - $ 795
Value of the television for Monique = $ 1150

6 0

3 years ago

Roles that are concerned specifically with the activities that need to be carried out for the group to accomplish its goals are

Kitty [74]

The answer is that it referred to "task roles".

Task roles allude to the activities of people that assistance move the venture, choice, assignment along and related or concerned about the achievements of the gathering objectives.The parts and duties of the leader or facilitator and the individual individuals working inside the gathering or group are inspected. The word 'role' alludes to how a man will act and what work they will perform inside the gathering all in all.

8 0

3 years ago

Credit Losses Based on Credit Sales Lewis Company uses the allowance method for recording its expected credit losses. It estimat

ASHA 777 [7]

Answer:

Explanation:

The adjusting entry to record the credit losses is shown below:

Bad debt expense A/c Dr $45,000

To Allowance for doubtful debts $45,000

(Being bad debt is recorded)

The credit loss computation is shown below:

= Credit sales × estimated percentage

= $900,000 × 5%

= $45,000

For recording this transaction, we debited the expense account and credited the contra asset account.

4 0

3 years ago

Suppose that a sample of 200 accounts receivable entries at a large mail-order firm had a mean price of $846.20 and a standard d

Ann [662]

Answer:

[ $591.08, $1101.32 ]

Explanation:

Given:

Sample space = 200

Mean price = $846.20

Standard deviation, σ = $1,840.80

Confidence level = 95%

Now,

Confidence interval is given as:

⇒ Mean ± $z\frac{\sigma}{\sqrt{n}}$

here, z value for 95% is 1.96 from the standard z table

Thus,

Confidence interval

⇒ $846.20 ± $1.96\times\frac{\$1,840.80}{\sqrt{200}}$

or

⇒ $846.20 ± $1.96\times\frac{\$1,840.80}{\sqrt{200}}$

or

⇒ $846.20 ± 255.12

or

⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒ [ $591.08, $1101.32 ]

8 0

3 years ago

Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o

kiruha [24]

Answer: Hi your question is incomplete attached below are the missing details

answer :

A) 16 used DVDs

B) i) $18

ii) $6

iii) $8

Explanation:

A) Determine the weekly shortage of used DVDs due to ceiling price = $11

shortage = Quantity demanded ( H ) - Quantity supplied ( F )

at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4

= 20 - 4 = 16 used DVDs

B) i) New consumer surplus = ADLK

ADLK = ∠ ABK + BKLD

= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18

ii) New producer surplus = DLE

DLE = 1/2 * 4 * ( 11-8 )

= $6

iii) Total economic surplus lost

ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )

= $8

6 0

3 years ago