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Ugo [173]
2 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]2 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]2 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.

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Hilton Hotels customizes rooms and lobbies according to location. Northeastern hotels are sleeker and more cosmopolitan. Southwe
Otrada [13]

Answer:

Geographic segmentation

Explanation:

it is strategy related to geographic segmentation. it include strategy to provide all those facilities to the customer on the basis of location of customers. As it is given in question Hilton hotels provide more sleeker rooms in northeastern side while more rustic hotels in southwestern hotels.

In generally speaking, geographic segmentation strategy totally based on the preference of targeted customers.

Example of Geographic segmentation approach include  large production of raincoats to those areas that experience heavy rainfall etc

4 0
3 years ago
Prepare journal entries to record the following production activities.
blagie [28]

Answer:

1.Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

Explanation:

Preparation to record Journal entry

1. Since the amount of $75,000 was been Incurred of the direct labour production this means we have to record the transaction as :

Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Since the amount of $20,000 was Incurred of indirect labor in production this means we have to record the transaction as:

Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Since factory payroll was paid the transaction will be recorded as :

Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

5 0
2 years ago
_____ is the act of negotiating with employers regarding employment issues by employees who are members of a union.
jek_recluse [69]

Answer:

Collective bargaining

Explanation:

Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.

3 0
2 years ago
Pizza Pier retires its 8% bonds for $70,100 before their scheduled maturity. At the time, the bonds have a face value of $72,100
mariarad [96]

Answer: Please refer to Explanation

Explanation:

DR Bonds Payable ............... $ 72,100

DR Premium on Bonds Payable (74,950 - 72,100) ...... $2,850

CR Cash ...................................... $70,100

CR Gain on Discharge of Bonds ($74,950 - $70,100) $4,850

(To record retirement of premium bond before time)

If you need any clarification do comment.

5 0
3 years ago
(ङ) मुहावरे का अर्थ लिखकर वाक्य प्रयोग करें-<br>चाव होना, आश्चर्य की सीमा न रहना ।​
DerKrebs [107]

Answer:

Are Luke some good friends

Explanation:

In my heart

8 0
2 years ago
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