1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pie
2 years ago
9

If the price of an ice-cream cone falls to $3, the consumer surplus of alexis, bruno, and camila increases by:.

Business
1 answer:
Serhud [2]2 years ago
6 0

The consumer surplus of Alexis, Bruno, and Camila increases by  $7.

<h3>What is consumer surplus?</h3>

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

Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8

New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15

Change in consumer surplus = $15 - $8 = $7

Here is information on the question:

Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.

To learn more about consumer surplus, please check: brainly.com/question/25816093

You might be interested in
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ___________ level
Zielflug [23.3K]

Answer:

1.  Actual Price

2.  Misperceptions theory.

Explanation:

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.

The above explanations is the reason why the aggregate supply curve slopes upward in the short run

4 0
3 years ago
Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re
Nata [24]

Answer:

Pension plan assets at the year end will be $214

Explanation:

Wee have given pension plan assets = $200 million

Return on plan assets = 5%

So return will be equal to = $200×0.05 = $10 million

Cash contribution is given $12 million

Retiree benefits is $8 million

We have to find the amount of pension plan assets at the year end

Pension plan assets is equal to = Plan assets at beginning of the year + actual return - retiree benefits = $200 + $10 +$12 - $8 = $214

So pension plan assets at the year end will be $214

7 0
3 years ago
A fee that covers the cost of ensuring that the home belongs to the seller, and may also include title insurance, which protects
Aleks [24]

C. Title Fee

The company will perform a title search to ensure that there is a clear path of ownership so there can be a legal sale contract.

8 0
4 years ago
Read 2 more answers
Janet planned to purchase a McDonald's franchise. Meanwhile, Jason decided to open his own sandwich shop. Both decided to financ
Fantom [35]

Answer:

The correct answer is Banks view franchises as having fewer risks than other start-up businesses.

Explanation:

Franchising as an investment opportunity offers great advantages over other systems, this is an attractive alternative to develop a business; However, it will always be necessary to consider the pros and cons, before making a decision to franchise my business or not.

When I evaluate the possibility of franchising my business I have to be willing to assume a greater or lesser risk, that is, I am free to choose how much risk I am willing to accept in the development of my business model under the franchise scheme, and it is precisely this knowledge of the situation, which allows us to make the best decision about whether to expand my business (and under what conditions) or on the contrary wait for the business model to be at a more advanced stage of maturity before starting a project of franchise development.

4 0
3 years ago
What is an overdraft? A. Not making deposits frequently enough B. Making purchases at too many different retailers C. Going belo
svp [43]

Answer:

D. Spending more money than you have in your account

Explanation:

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".

5 0
3 years ago
Read 2 more answers
Other questions:
  • How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?
    10·1 answer
  • A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian cof
    5·1 answer
  • Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced and used e
    12·1 answer
  • Changes in the job market, such as significant expansion or reduction within a particular career field, causing large numbers of
    13·1 answer
  • Tiffany has $5000 of savings in her bank account. What would be different if she had that $5000 invented in stocks instead?
    8·1 answer
  • I want to study accounting at levels 2 and 3. What can you offer me in my choice of subjects? Would this come under 'Business'?
    8·1 answer
  • Which of the following is classified as an asset​ account?A.Notes PayableB.​Owner, WithdrawalsC.Prepaid InsuranceD.Unearned Reve
    10·1 answer
  • No arbitrage is equivalent to the idea that all risk-free investments should offer investors:
    10·1 answer
  • Diversity has become a critical bottom-line business strategy in today's global economy.
    9·1 answer
  • Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state befor
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!