3.

For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi

Sedaia [141]

Answer:

a) consumer

$5

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

6 0

2 years ago

What are some positive ways you can impact your Family Circle?

Genrish500 [490]

Answer: Ask questions, help them, or do something they love

Explanation:

Some of the positive ways of impacting ones family circle is by asking questions, helping other members of our family and by doing something that they love.

We shouldn't be self centered by showing them what we love such as our favorite music, movies, and TV shows. Rather, we should listen to them and give them listening hears and always help them when there is need for our help.

The correct option is D.

3 0

2 years ago

The U.S. Bureau of Economic Analysis (BEA) has recently adopted a new approach to calculate real GDP and real GDP growth to cor

pashok25 [27]

One of the features of the new approach is that, now BEA uses the geometric average of fixed weight indexes and uses two base years to calculate the growth rate of real GDP between two consecutive years.

Explanation:

In both actual and nominal GDP, the U.S. Economic Analysis Department results. It estimates the real United States. GDP is a fixed base year annual rate. Imports and international sales from American businesses and people are exempt.

GDP reflects the degree to which the economy generates production. Global warming is not generated and not part of GDP. The effect of environmental damage is not measured accurately. The loss should not be included in GDP and the calculation of environmental damage has not been accepted.

3 0

2 years ago

This is one of the questions I have and I have no idea what they might be

Westkost [7]

Answer:

1) You get what you get and don't throw a fit?

2)Be patient???

I hope this helps TwT

6 0

2 years ago

Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentslong dash

Kamila [148]

Answer:

Equivalent unit for conversion cost= 31,280 units

Explanation:

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work

Equivalent unit = Degree of completion × number of units

Equivalent unit for conversion cost

Item units Equivalent unit

transferred 29,000 100%× 29,000 = 29,000

Closing inventory 3,000 76%× 3,000 = 2280

Total equivalent unit 31,280

Equivalent unit for conversion cost= 31,280 units

3 0

2 years ago