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Leya [2.2K]
3 years ago
6

Mary saw a bangle bracelet at an accessories shop that she liked and told her friend Susan that the most she would pay for it wa

s ​$38.00. When she found out the price was ​$33.50​, she immediately bought it and gained ​$
nothing in consumer surplus. ​(Enter your response rounded to two decimal places​)
If Mary was to buy another bangle​ bracelet, her additional consumer surplus would
▼
.
Business
1 answer:
mart [117]3 years ago
7 0

Answer:

$4.50 and =$9.00

Explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a good or service and its market price.

i.e., Consumer surplus =  maximum willing price - actual price

Mary is willing to pay ​$38.00, and the market price is $33.50​ .

The consumer surplus = $38 - $33.50

=$4.50

If Mary buys a second bracelet, total consumer surplus would be

=$4.50 x 2

=$9.00

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Answer:

B. As a risk-averse investor

Explanation:

B. As a risk-averse investor is a correct option . Risk-averse investors can invest in higher risk opportunity only if it offers higher expected return .

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4 years ago
Precision Paper Products produces both paper towels and paper napkins. The production process begins with the receipt and pulpin
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Answer:

d. The maintenance costs associated with the napkin folding machine.

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3 years ago
To obtain a change of the zoning for a particular property, for example, from residential to commercial, a property owner would
FrozenT [24]

Answer: Zoning Map Amendment?

Explanation:

Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.

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7 0
4 years ago
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva
mina [271]

Answer:

8.13%

Explanation:

Annual return = [ (Total FV/Initial investment)^(1/n) ] -1

n = useful life of the project

Total Future Value = (22650*5) +5000

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Annual return = [ (118,250/80,000)^(1/5) ] -1

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r = 0.0813 or 8.13%

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3 years ago
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