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2 years 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]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

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IgorC [24]

There are different kinds of system. The robots are an example of automation

<h3>What is Automation?</h3>

This is simply known as the making and application of technologies to create and deliver goods and services with little human hands.

The Examples of Automation are;

Automobile
Robots
Consumer Electronics, etc.

See full question below

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2 years ago

On January 2, 2016, Alpha Company purchased a patent for $38,500 plus $2,000 in legal fees. On that date, the patent had a remai

Fittoniya [83]

Answer:

General Journal entry:

Account Debit Credit

Amortization expense $6,750

Accumulated Amortization $6,750

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Explanation:

Given Data:

Price of patent=$38,500

Legal fees=$2,000

legal Life=13 years

useful life=6 years

Required:

Journal Entry

Solution:

Amortization:

For intangible assets, amortization is the decrease in book value over the period of time. However intangible assets have no physical appearance and they do not face any damage like fixed assets but with the passage of time their value decrease.

Calculating amortization expense for one year:

Amortization expense= $\frac{Purchase\ Price+Legal\ Fees}{Useful\ Life}$

$Amortization\ expense=\frac{\$38,500+\$2000}{6}\\ Amortization\ expense=\$6,750$

General Journal entry:

Account Debit Credit

Amortization expense $6,750

Accumulated Amortization $6,750

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7 0

3 years ago

In a local survey, 100 citizens indicated their opinions on a revision to a local land-use plan. Of the 62 persons giving favora

Thepotemich [5.8K]

Answer: The probability that a randomly selected citizen has a favorable or unfavorable opinion is 1 or 100%.

In this question, we have only two answers favorable or unfavorable.

A person can't have both opinions at the same time.

So these events - favorable and unfavorable are mutually exclusive events i.e one event cannot occur when the other occurs.

Let P(F) be the probability of a person who has a favorable opinion

P(UF) be the probability of a person who has an unfavorable opinion

$\boldsymbol{\mathbf{P(F) = \frac{Total people with favorable responses}{Total people in the survey}}}$

$\boldsymbol{\mathbf{P(F) = \frac{62}{100}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{No. of people with unfavorable opinion}{Total number of people in the survey}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{38}{100}}}$

Now, the probability of either one of two mutually exclusive events occurring is:

$\boldsymbol{\mathbf{P(F or UF) = P(F) + P(UF)}}$

$\boldsymbol{\mathbf{P(F or UF) = \frac{62}{100} + \frac{38}{100} = \frac{100}{100}=1}}$

7 0

3 years ago

Which of the entries in the list below are capital goods?

mestny [16]

What's on the list? I need to know so I can answer :)

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3 years ago

It is important to use real rather than nominal gdp figures when making comparisons of output across time periods because the re

melamori03 [73]

Answer: TRUE

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The equation for finding GDP is given as -

GDP = Consumption + Investment + Government Spending + ( Exports - Imports)

Nominal GDP can be described as the market value of all goods and services produced in a country within a particular time period using current market prices.

Real GDP can be described as the market value of all goods and services produced in a country within a particular time period using base year prices. Using base year prices to calculate real GDP adjusts for inflation.

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3 years ago