Answer:
consumer surplus = $3.5
producer surplus = $2
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Jeff's consumer surplus = $7 - $6 = $1
Samir's consumer surplus = $8.50 - $6 = $2.50
total consumer surplus = $1 + $2.50 = $3.50
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Manufacturer 1's producer surplus = $6 - $4.5 = $1.50
Manufacturer 2's producer surplus = $6 - $5.50 = $0.50
total producer surplus = $1.50 + 0.50 = $2
Answer:
ok look what i think is all people have something that they need to do but if it has to be under the table then yea but what video are you talking about
Explanation:
Answer:
a. preference
Explanation:
As in the question it is mentioned that the heather Green normally purchased heinz Catsup as she likes the taste but she decided to purchase another brand i.e. highly advertised also it was on sale and she really needs it
So here the Heinz achieved the preference as usually she purchased the Catsup product but sh purchased another product due to high advertisement
So the preference is shifted to another product
Therefore option a is correct
A soft peg exchange rate may create additional volatility as exchange rate markets try to anticipate when and how the government will intervene.
<h3>What is an exchange rate?</h3>
An exchange rate refers to the value of a country's currency in relation to another currency. This entails the rate at which a currency will be exchanged for another.
It is the value of one currency for the purpose of conversion to another.
Learn more about exchange rate here : brainly.com/question/2202418
#SPJ1
Answer:
$311,100
Explanation:
Solution
Recall that:
Assume Chester corp downsized the size of their workforce by = %
The exit interviews cost estimated = 100
Additional normal costs of separation = $5000
Now,
The Total Employee = 305
The Down Sizing = 20%
Thus,
The Total Employee = 305 x 20% = 61 employees
so,
The Separation cost per employees = $5000
The Exit interview cost = $100
Total cost = $5,100
Now,
The total overall cost of separation = 61 employees x total cost of separation per employees
Which is,
= 61 x 5100 = = $311,100
