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Zielflug [23.3K]
3 years ago
14

In the market for a particular pair of shoes, jena is willing to pay $75 for a pair, while jane is willing to pay $85 for a pair

. the actual price that each has to pay for a pair of these shoes is $65. what is the total amount of the two girls' combined consumer surplus?
Business
1 answer:
Kaylis [27]3 years ago
7 0

To solve for the consumer surplus, the formula is;

Consumer surplus = total value – actual value

If jena is willing to pay for $75 then = $75 – $65 = $10

If Jane on the other hand is willing to pay for $85 then = $85 - $65 = $20

To combine the amount of Jena and Jane to be able to get both of their consumer surplus,

= $10 + $20 = $30

The combined amount of consumer surplus of Jena and Jane is $30.

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Answer:

The correct answer is: supply side economics.

Explanation:

Supply-side economics is a macroeconomic theory which advocates lowering of taxes and decrease in regulation to boost economic growth. It is directly in contrast to demand-side economics.  

This theory focuses on reducing taxes, decreasing regulations on producers and declining borrowing rates.  

This theory states that economic growth can be stimulated by boosting investments through tax reduction.

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Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign
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The statement is true, as it is an example of foreign direct investment.

Explanation:

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Foreign direct investment does not include the purchase of either shares or bonds per se. More specifically, the IMF has restricted direct investment on acquisitions to cases where the foreign investor owns 10% or more of the shares that give administrative rights in the business. Investment funds that can be classified as foreign direct investments therefore include equity deposits, reinvestments of dividends from the business, as well as the allocation of short-term and long-term loans between parent companies and subsidiaries.  

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What are some characteristics of social enterprises
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Answer:

see below

Explanation:

Social enterprises participate in commercial activities to solve social problems, improve communities' well-being, and better the environment. They make money through normal trading activities.

<em>Some characteristics of social enterprises include</em>

1. They have a mission to serve the community by initiating and supporting social, environmental, cultural, and economic programs. Social enterprises are not entirely driven by profits but have social missions to achieve.

2. Social enterprises generate the majority of their income through business activities. They are self-reliant as the selling of goods and services is their primary source of revenue.

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The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing unit. The president is in t
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Answer:

AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows

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Average Cost is the cost per unit off output.

Problems with AC as a performance measure :

  • It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
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  • It's result are deviant as evident from cash flows.

Variable Cost is the cost incurred on variable factors of production.

Problems with VC as a performance measure :

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