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
Ugo [173]
3 years ago
7

Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ani

a, Mandy, and Chloe exercise together and each enjoy reading Fitness. Jess is willing to pay $10, Ania is willing to pay $16, Mandy is willing to pay $24, and Chloe is willing to pay $12 for a subscription to the magazine. What is the value of market consumer surplus
Business
2 answers:
Mariulka [41]3 years ago
7 0

Answer:

A) $16

Explanation:

According to a different source, these are the options that come with this question:

A) $16

B) $52

C) $40

D) $12

Consumer surplus refers to a measure of welfare in which we look at the ways in which people benefit from the goods and services that they are consuming. The market consumer surplus is the difference between the amount that consumers are willing to pay and the total amount that they actually do pay in the real world (this is known as the market price).

lesya692 [45]3 years ago
5 0

Answer:

$16

Explanation:

Consumer surplus can be defined as the difference between the reservation price of a consumer for a commodity and the price he actually paid to the commodity. Reservation price is the consumer is willing to pay.

Market consumer surplus is the summation of consumer surpluses of all the consumers of a commodity.

Given the information in the question, the consumer surplus and market consumer surplus can be calculated as follows:

Jess’ consumer surplus = 0. This is because Jess will not subscribe because her reservation price $10 is less than the offer price of $12. Therefore, Jess’ consumer surplus for the magazine is zero.

Ania’s consumer surplus = $16 - $12 = $4

Mandy’s consumer surplus = $24 - $12 = $12

Chloe’s consumer surplus = $12 - $12 = $0

Market consumer surplus = $0 + $4 + $12 + $0 = $16

Therefore, the value of market consumer surplus is $16.

You might be interested in
Is g suite a program to become an agent, or gain other certifications or degrees in I.T. Or any other career path, psychology ce
d1i1m1o1n [39]

Answer:

G suite is a program to gain certification in I.T

Explanation:

G Suite, launched in 2006 and created by Google cloud encompasses IT fields such as cloud computing, productivity and collaboration tools such as email, Voicemail. Instant messaging (IM), VoIP (voice over IP) / video call, Online Calendars, Time trackers, Spreadsheets software and products.

As it its initial launch, it started as Google Apps for Your Domain.

G Suite has a certification and by earning this certification, it means one has successfully shown and proven one's ability to complete common workplace activities using cloud-based tools to create and share documents, spreadsheets, presentations, and files.

5 0
3 years ago
He ______ network became functional in 1969, linking scientific and academic researchers across the united states.
amid [387]

Answer:

ARPANET Network.

Explanation:

ARPANET network was the basis for the internet. It was created under the direction of the U.S. Advanced Research Project Agency which is often called ARPA. This is why the network is called ARPANET. The major purpose of the network was to enhance communication. Also, it made good use of the new idea of sending message in small units which were referred to as packets. These units could be sent along different paths and reconstructed at their destination.

3 0
3 years ago
Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both Trish and Josh will recei
mamaluj [8]

Answer:

The last option is the answer -$141.80

Explanation:

we will use the present value formula for Trish she gets paid every first day of the month therefore she will receive an immediate payment of cash flow which will be added to the present value of future periodic value. Therefore we will find the difference between present values for Trish and Josh which have the same amounts which they'll receive per month.

Given: Trish and josh both receive $450 per month therefore that will be C the monthly future payment that will be received.

They will receive these amounts in a course period of Four years so that will be n = 4 x12=48  because we know that they will receive these payments every month or on a monthly basis for four years. which n represent periodic payments.

i which is the discount rate of 9.5%/12 as we know they will recieve these amounts monthly.

Therefore using the following formulas for present value annuity:

Pv = C[(1-(1+i)^-n)/i] and Pv= C[(1-(1+i)^-n)/i](1+i) then get the difference between these two present values for Trish and Josh.

therefore we will substitute the above values on the above mentioned formula to get the difference:

Pv= 450[(1-(1+9.5%/12)^-48)/(9.5%/12)]  - 450[(1-(1+9.5%/12)^-48)/(9.5%/12)](1+9.5%/12)    then we compute and get

Pv= $17911.77614 - $18053.5777

Pv = -$141.80 is the difference between the two sets of present values as one has an immediate payment and one doesn't have it.

3 0
4 years ago
Internal information provides an understanding of factors outside of the organization
svp [43]

Answer:

false

Explanation:

Internal information is the information developed from activities that occur within the organization.

Definition

4 0
3 years ago
Drake has arranged his budget so that he has $30 to spend on comic books this month, and he is planning on buying three new ones
ira [324]
Buy two of the comics books.
6 0
3 years ago
Other questions:
  • Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $
    7·1 answer
  • Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd
    9·1 answer
  • Upon arriving at work, bailey suddenly becomes aware that she must have zoned out, because she doesn't remember her 20-minute dr
    11·1 answer
  • The first cash flow at the end of week 1 is $100, the second cashflow at the end of month 2 is $100, & the third cashflow at
    7·1 answer
  • A person driving a car has the duty to exercise what standard of care?
    13·1 answer
  • Which of the following is included in the consumption component of U.S. GDP? Question 12 options:
    8·1 answer
  • What does the size of the dividend per share of stock depend on?
    12·2 answers
  • A firm has a debt-equity ratio of .57. what is the total debt ratio? .36
    8·1 answer
  • Terps Company reported total assets of $2,400,000 and net income of $320,000 for the current year. The company determined that i
    11·1 answer
  • Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the s
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!