All categories

1 year ago

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]1 year 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

Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. H

Misha Larkins [42]

Answer:

these housing services contribute to GDP = $18000

Explanation:

given data

Tom pay rent = $8000

Sarah house rented = $10,000

solution

housing services contribute to GDP is express as

housing services contribute to GDP = Tom pay rent + Sarah house rented ............1

As GDP include both rent and estimate rent owner occupy home

put here value in equation 1 we get

housing services contribute to GDP = $8000 + $10000

housing services contribute to GDP = $18000

5 0

2 years ago

Anna35 [415]

Answer:

Explanation:

B, Reexamine his budget; he had a $500 deficit this month. plato.

3 0

2 years ago

LO 3 Chad's Chocolates is considering the purchase of a new candy press. The machine under consideration costs $17,550 and would

devlian [24]

Answer:

B) $(1,813)

Explanation:

Initial investment = 17,550

Annual cashflows = 2,650

Terminal Cashflow = 500

You can solve for NPV using financial calculator with the following inputs;

CF0= -17,550

C01 = 2,650

F01 (Frequency) = 19

C02 = 2,650 + 500 = 3,150

I=16%

Net present value; NPV = -1,812.879 or -1,813 rounded off to the nearest whole number.

4 0

2 years ago

Which one of the following is an argument in favor of a low dividend policy? Few, if any, positive net present value projects ar

g100num [7]

Answer: The tax on capital gains is deferred until the gain is realized

Explanation:

The TAX DIFFERENTIAL VIEW of DIVIDEND POLICY is a notion that states that shareholders generally prefer capital gains fo dividend payouts because capital gains are taxed at a lower rate than dividend payouts.

Therefore they would like to pay less tax on dividends and instead wait until they make a capital gain as the taxes on that are less and are only charged after the gain is realized.

This translates to less dividends being paid by companies that follow this logic therefore the 4th option is correct.

4 0

2 years ago

An employee stock ownership plan denies employees the right to participate in votes by shareholders even if the stock is registe

NARA [144]

Answer:False

Explanation:

Employee stock ownership plan is a plan aimed at benefiting Employees of a company by giving them the power to own certain parts of the company thorough the purchase of stocks. Employee stock ownership has been promoted by many corporations in order to ensure that the workers are motivated and encouraged to to see themselves as part owners of the company.

EMPLOYEE STOCK OWNERSHIP PLAN DOES NOT PREVENT EMPLOYEE WHO OWN STOCKS FROM PARTICIPATING IN THE VOTING PROCESS DURING ELECTIONS TO CHANGE BOARD MEMBERS.

3 0

2 years ago