Answer:
The question is incomplete; Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.
Marcus' consumer surplus= $45-$35= $10
Starling's consumer surplus= $80-60= $20
Marcus' producer surplus = $60-35 = $25
Explanation:
Answer:
$67,000
Explanation:
The total revenue will be income from the 300 rooms and that from 100 rooms
=(300 x $140) + ($100 x 250)
=$42,000 +$25,000
=$67,000
Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
Answer:
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
Explanation:
A 401 k is a qualified tax-advantaged saving retirement plan. Usually, 401K plans are employer-sponsored. Employee contributions to the 401 k plans are deducted from the payroll before taxes are calculated. It means the employee contribution is not taxed at the time it's withheld by the employer.
The amounts saved are invested in market securities such as shares and bonds. The tax due from earning from the investment is deferred to the time of withdrawal. The employee is not required to pay taxes on contributions and investments earning every financial year.
Answer:
D. $157,100
Explanation:
Amount in $
Beginning Cash account balance 38,700
Cash disbursement (outflows) (144,600)
Cash inflows <u> xxxx </u>
Ending balance <u> 51,200 </u>
<u />
Cash inflows = 51,200 + 144,600 - 38,700
= $157,100
The right option is D. $157,100.
