Consumer surplus for alex:15-10=5; Consumer surplus for Tyler:26-10=16. Therefore, the total consumer surplus is 21
Related Subjects demand and supply
In economics, the consumer surplus is the difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than go without it. It is also referred to as the societal surplus and consumer surplus. The idea was created by French economist and civil engineer Jules Dupuit in 1844 and made popular by British economist Alfred Marshall. It was based on the presumption that levels of customer satisfaction (utility) are quantifiable. The overall utility will surpass the total market value because the utility produced by each incremental unit of a commodity typically declines as the quantity purchased grows and because the item's price only represents the utility of the last unit purchased rather than the utility of all units. a call to the phone
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10. Filing taxes helps determine if... (choose ALL that apply) *
(10 Points)
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck
You paid the correct amount that year from your paycheck
You should be getting more deductions because you aren't getting enough
Answer:
You owe taxes to the government because not enough money was withheld from your check
The government owes you a refund because you paid too much from your paycheck. You paid the correct amount that year from your paycheck
which of the situations describes a bandwagon effect caused by a lack of confidence in markets?
a. Hank and Sid start to root for a local sports team only when the team makes it to the national championships.
b. Shirley sees Jane with a new pair of fashionable jeans and decides to buy the same pair.
c. Carol moves out of her parents' house and into an apartment of her own. Shortly thereafter, her brother does the same.
d. Rick notices that his brother Steve and many other investors have reduced the amount they invest, and Rick decides to do the same.
A situation that describes a bandwagon effect that was caused by a lack of confidence in the market is d. Rick notices that his brother Steve and many other investors have reduced the amount they invest, and Rick decides to do the same.
How can the bandwagon effect affect the markets?The bandwagon effect refers to a phenomenon where people engage in certain activities and behaviors because they see other people doing it. They believe they have a better chance if they act the way other people act. In the financial markets, the bandwagon effect can either improve confidence in the market, or reduce it.
For instance, if many top and famous investors are buying shares, other people might buy shares as well because they would be more confident seeing the top investors going into the market. The bandwagon effect can also lead to a lost of confidence if people, like Rick, see people like Steve and other investors, reducing their investment. This would make them feel that something is wrong, and so they lose confidence in the market.
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A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
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Answer:
Option A scarce
Explanation:
If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be _________.
'If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be preemptive.
A corporation, abbreviated as co., is a legal entity, natural, legal, or a mixture of both, which is a collection of people with a specific purpose. Company members have common goals and work together to achieve specific goals.
Unlike a typical mission statement, however, a company purpose is primarily intended to describe what the company does. While outlining the company's general direction, it can also include specific aspects such as areas of focus, strategic partnerships, or target groups.
General departments include Marketing, Finance, Operations Management, Human Resources and IT. These five divisions represent major divisions within public companies, although smaller divisions often exist within independent companies.
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"take hundred now is more valuable than take hundred after one year" explain it
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
3. Considered the back office", Involves behind the scenes paperwork
required to complete all transactions. Found in both the service and the
manufacturing sector *
Answer:
The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
Explanation:
Do attractive employee pay and benefit compensation packages impact employees forming a labor union?
7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.
Answer: Either a or c for me Not 100 percent sure on this one sorry
Explanation:
what is business and what is occupation
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
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which is not a characteristic of asexual reproduction
Answer:
According to the search results, the answer is A. Daughter cells have the same number of chromosomes as the parent cell. This is not a characteristic of asexual reproduction in animals
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.
All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.
What is economic incentives?Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.
Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.
People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.
So, above postulate is satisfied by all options given to us.
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Which of the following is true of the periodic inventory method but not the
perpetual method?
A. A physical inventory count is only done to address an error.
B. The Inventory account is adjusted at the end of the accounting
period.
C. The Inventory account balance changes constantly due to debits
and credits.
D. The Inventory account is credited for the cost of the items sold.
The Inventory account balance changes constantly due to debits and credits the following is true of the periodic inventory method but not the perpetual method. The correct option is C.
Who uses a perpetual inventory system?The perpetual inventory accounting method, for example, is commonly used in grocery stores. This method is not required for a field service company that sells very few items of stockpile on a monthly basis and generates the majority of its revenue from services.
The periodic inventory system measures inventory levels and the cost of goods sold with an occasional physical count. The perpetual system continuously monitors inventory balances, with updates occurring automatically whenever an order is shipped or sold.
Thus, the ideal selection is option C.
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advantages of recruiting senior managers from within the company
Answer:
Advantages of internal recruitment
Reduce time to hire. ...
Shorten onboarding times. ...
Cost less. ...
Strengthen employee engagement. ...
Create resentment among employees and managers. ...
Leave a gap in your existing workforce. ...
Limit your pool of applicants. ...
Result in inflexible culture.
Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goods C. changes in consumer input D. changes in technology
Answer:
C.
Explanation:
The correct answer would be changes in consumer input.
The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.
What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.
The correct option is C.
A written contract granting permission to operate
an already existing business.
Answer:
Explanation:
A written contract granting permission to operate a business to sell products and services in a prescribed way. franchise.
what information do the people of east and west egg know and not know about gatsby?
The East Egg is the location where people who were born rich live, while the West Egg is the location where people who have recently become rich live in the book "The Great Gatsby." The East Egg stands in for the Buchanans, who inherited their wealth.
The West Egg for Gatsby, who has new money, and The Valley of Ashes for the plight of the underprivileged, such as George Gatsby. Within the upper class, socioeconomic distinctions are divided into the West Egg and the East Egg. The east egg represents old money and people whose wealth has been accumulated over many generations.
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Problem 5-7 Analyzing Transactions
Analyse how fiscal policy measures could reduce inflation.
Answer:
In order to control the demand-pull inflation, the Government undertakes some monetary measures and incorporates certain changes to the fiscal policy.One of the commonly used measures to control inflation is controlling the money supply in the economy. If the Government decreases the supply of money, then the demand will fall, leading to a fall in prices. Therefore, the Government may decide to withdraw certain paper notes and/or coins from circulation. This decreases the money supply.
Explanation:
The check in a register is used when you_your account.
Answer:
Balance
Explanation:
Balancing of registers is an important book-keeping practice. When an account is being balanced, the check is used. The check is used to ensure as well as find out the income pre-tax and after tax. It is used to balance books or accounts to make sure that income and expenditure are well registered and to understand the sitution of the account.
Cheers.
If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?
$900
O a
$952
b.
$985
Oc.
$1000
d
None of these
e
Answer:
Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above
Explanation:
A=P(1+r)t
A=952(1+0.05)1
A=952(1.05)1
A=952(1.05)
A=952x1.05
A=999.60 which can be rounded to 1000
wilton sells softball equipment. on november 14 they shipped $4000 worth of softball uniforms to paola middle school terms 2/10 n/30. on november 21 they received an order from douglas high school for $2400 worth of custom printed bats to be produced in december. on november 30 paola middle school returned $400 of defective merchandise. wilton has received no payments from either school as of month end. what amount will be recognized as net accounts receivable on the balance sheet as of november 30?
As of the end of the month, neither school had paid Wilton. In the balance sheet as of November 30, $3,600 will be shown as net accounts receivable.
To configure local computer policies, including account policies and password policies, use the "Net Accounts" command. Domain controllers cannot be utilised with this command. Only the local computer may be used with this command.
Softball gear is available from Wilton. They sent $4000 worth of softball outfits to Paola Middle School for periods 2/10 and n/30 on November 14. On November 21, Douglas High School placed an order for custom-printed bats for $2400 that would be delivered in December. Paola Middle School returned $400 worth of damaged goods on November 30.
Sales to Paola Middle School – Sales = Net accounts receivable
Net accounts receivable = (4000- 2400)
= 1600 +1000
Net accounts receivable = $3,600
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hich pricing strategy involves setting a high price for an exclusive, high-end product?
What is a negative effect of free trade agreements?
Answer: in particular deplorable working conditions, job loss, economic damage to some countries, and environmental damage globally.
Explanation:
in particular deplorable working conditions, job loss, economic damage to some countries, and environmental damage globally.
What are the major difference between a ditribution channel for a buine making tangible product and a firm producing hopitality and travel product
Distribution channel for making tangible products represents businesses which buyers pay for a good or a service.
What does a company that manufactures tangible goods use as a distribution channel?The Internet, retailers, wholesalers, and marketers are instances of distribution channels. The producer sells to the consumers directly through a direct distribution platform. Before the product reaches the end customer, there are several middlemen involved in indirect channels.
What differentiates the distribution channel from the sales channel?Businesses depend on sales channels, that are points of contact with their clients, to reach out them and supply a service or product. As many divergent routes the product can take to reach the final consumer can be seen in these distribution networks.
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Banks and credit unions are the only types of financial institutions.
True
False
Answer: False.
Explanation: There are many more Financial institutions.
Answer:
verdadero seria la respuesta
Anya recently graduated and has just started a job at a large company. She had to take out many student loans to cover the cost of her tuition expenses, and though she is earning money, she is prioritizing paying off her loans as quickly as possible. The company's end-of-year holiday party is quickly approaching and Anya has nothing appropriate to wear. Anya’s friend Mariana provides advice: “Purchase a dress from a large department store a few days prior to the party. Wear the dress to the end-of-year party (without taking the tags off) - but be careful not to spill anything on it. After the party, return the dress to the store and explain to them that it doesn’t fit you. Their return policy will mean they’ll refund your money and it won’t hurt the company as they’ll be able to re-sell the dress.” Anya has heard how important the office party is, and really wants to impress her bosses.
What do you think Anya should do? Why? What are the pros and cons of doing so?
Anya uses her smartness and cost effective technique to save money as she is making proper strategy before deciding to invest in anything.
The technique to save money here and replace and return clothes is the example of cost effective technique that defines how effectively and efficiently one can utilize their resources and save the investment of money.
A strategy is something that would be required to make the plan work and take it into the action so that the best outcome is achieved by anyone applying it.
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What needs to happen to the money supply to recession?
Answer:
In order for your money suppy to recession you need credit.
Explanation:
Your credit needs to be good.
An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
How long had it been since boats were the only way on & off manahattan
Answer:
The previous day, Monday, September 10, 2001, had been a long night for the New York charter boat captain
Explanation:
Freitas was about to take part in what has become known as the 9/11 boat lift—the largest water evacuation in history and one of the uplifiting, if lesser-known, episodes of that terrible day when terrorists flew two passenger jets into the iconic Twin Towers—part of a multipronged attack on America A makeshift armada of about 150 commercial vessels of various types—tugboats, ferries, charter boats—would transport an estimated 500,000 people out of the disaster zone of lower Manhattan to safety in New Jersey and Brooklyn.