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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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Explanation:

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3 years ago
The Sales Operations team notices an increase in Opportunities without Products. Which configuration change should the System Ad
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<h3>What is a configuration change?</h3>

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Read more about System Administrator

<em>brainly.com/question/14364696</em>

7 0
2 years ago
Who is responsible for maintaining roads in lynchburg va?
Oksanka [162]
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3 years ago
Explain the roles of taxation and government expenditure in the circular flow of income
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Hopefully this helps!
6 0
3 years ago
A customer has requested that Byrd Corporation fill a special order for 9,000 units of product S51 for $20.50 a unit. Product S5
e-lub [12.9K]

Answer:

Effect on income= $4,500 increase

Explanation:

Giving the following information:

Special offer: 9,000 units of product S51 for $20.50 a unit.

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Direct labor 1.50

Variable overhead 6.40

The customer would like modifications made to product S51 that would increase the variable costs by $5.00 per unit and that would require an investment of $36,000 in special molds that would have no salvage value.

<u>Because it is a special offer, we will not have into account the fixed costs.</u>

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Effect on income= 9,000* (20.5 - 16) - 36,000

Effect on income= 40,500 - 36,000

Effect on income= $4,500 increase

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2 years ago
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