Consumer surplus is represented by the area _____ the demand curve and _____ the price that the consumer pays.
Answers
Answer:
under
above
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
For example, if the willingness to pay for a book is $100 and the price of the book is $50.
Please check the attached image for a diagram showing consumer surplus
Consumer surplus : $100 - $50 = $50
Related Questions
A delivery company employed several messengers to deliver packages by car to nearby towns. The company also allowed some employees to use company cars for personal use from time to time. A clerical employee had her car in a body shop because she had run a red light and been broadsided by another vehicle. This was the second time she had run a light and been hit. She borrowed a company car for the weekend and was using it to do some grocery shopping. The employee negligently went through a red light and crossed the path of a rented van. The man driving the van swerved to avoid the employee and struck a light post and several parked cars, severely damaging the van. At the time of the accident, the driver of the van was exceeding the posted speed limit; he would have been able to avoid hitting the light post and the cars had he been going the proper speed. The leasing company that had rented the van to the driver brought a lawsuit against the delivery company employee and the delivery company. The jurisdiction retains traditional contributory negligence rules. If the delivery company prevails in the lawsuit, what is the most likely reason
Answers
Answer:
The delivery company had no reason to know that its employee had a poor driving record.
Explanation:
In a dispute where an injury happened contributory negligence is the failure of the plaintiff to adequately protect themselves in a situation or if their actions contributed to a negative incident.
This reduces or stops the amount they can be compensated with.
In the given scenario the employee negligently went through a red light and crossed the path of a rented van. The man driving the van swerved to avoid the employee and struck a light post and several parked cars, severely damaging the van. At the time of the accident, the driver of the van was exceeding the posted speed limit; he would have been able to avoid hitting the light post and the cars had he been going the proper speed.
The delivery company will prevail if they said that the had no reason to know that its employee had a poor driving record.
This will attribute the accident to the negligence of the plaintiff and he will not be able to collect any compensation
An oil well exploded in Western Colorado, killing three workers. The well was owned by Denver-Carrington, a large multi-national oil company. The families of the workers are suing Denver-Carrington, claiming the company was negligent in maintaining the oil well. In its defense, Denver-Carrington offers two documents. The first is a monthly maintenance report filled out by the company's regional safety inspector, indicating that the oil well was inspected and found to be in good working condition every month from the day it was built until the day it exploded. The second is an e-mail, written by the same inspector to the CEO of the company, which was written a few hours after the incident and provides a physical description of the damage to the pump and the surrounding area. The plaintiffs object to both documents as hearsay. The judge should: a. Preclude both documents. b. Admit the monthly maintenance report but not the e-mail. c. Admit the e-mail but not the monthly maintenance report. d. Admit both documents.
Answers
Answer: . b. Admit the monthly maintenance report but not the e-mail.
Explanation:
The monthly maintenance report can be admitted because it was done without the extraordinary circumstance of the oil well explosion occurring. This is unlike the email that was only done after the well exploded.
The point it, the regional safety inspector made the maintenance reports without an explosion happening so there is less chance of bias. The email was however sent after the explosion so could be biased in order to avoid a law suit.
If a bank benefits when a foreign currency declines in value, then the bank must be in a __________ position. The term below that correctly fills in the blank in the preceding sentence is: Group of answer choices
Answers
Pat is insured with a life insurance policy and Karen is his primary beneficiary. They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later. Which policy provision will protect the rights of the contingent beneficiary to receive the policy benefits
Answers
Answer: Common disaster clause
Explanation:
Based in the information given in the question, the policy provision that will protect the rights of the contingent beneficiary to receive the policy benefits is the common disaster clause.
According to the common disaster clause, the primary beneficiary must survive the insured usually by a period of 30-90 days and if this doesn't happen, the benefit will be paid automatically to the secondary beneficiary.
The common disaster clause simply explains that even though there's an accident which leads to the death of the insured and the beneficiary, it'll be possible to determine that it was the beneficiary whom died last and the benefit will be given to the person accordingly.
What is project management?
Answers
describe the role of agriculture and Forestry University producing human resources to related to agriculture and Forestry in Nepal
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Answer:
The Agriculture and Forestry University (AFU) was established in Rampur, Chitwan, Nepal in 2010 which is the first technical university in the country. The university aims at producing highly skilled human resources required to work on quality research and development in agriculture.
Explanation:
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The role of agriculture and Forestry University producing human resources to related to agriculture and Forestry in Nepal is to produce producing highly skilled human resources required to work on quality research.
What is the essence of the Forestry University ?The department of a company tasked with locating, hiring, screening, and training job applicants is known as human resources (HR). Employee salaries, benefits, and terminations are all handled by HR departments. The first technical university in Nepal, the Agricultural and Forestry University (AFU), was founded in Rampur.
The institution seeks to provide the highly qualified labor force needed to carry out top-notch agricultural research and development.
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Urban City wants to acquire undeveloped private land within the city limits to construct a public park. The city brings a condemnation proceeding to obtain title to the land and determine its fair value to be paid to the private owner. This is
Answers
Answer:
the power of eminent domain
Explanation:
Eminent domain is the power that can be excercised by a government to convert private property to public use. They must however compensate the owner of the property.
The government must display that the public use of the property is vital.
In the given instance Urban City wants to acquire undeveloped private land within the city limits to construct a public park.
The process by which they brought condemnation proceedings to obtain title to the land and determine its fair value to be paid to the private owner, is the government excercising their power of eminent domain
wifty’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $28000 Direct Labor 6000 Variable Overhead 3000 Fixed Overhead ? The company can purchase the 1000 units externally for $43000. The unavoidable fixed costs are $2000 if the units are purchased externally. An analysis shows that at this external price, the company is indifferent between making or buying the part. What are the fixed overhead costs of making the component?
Answers
Answer:
$4,000
Explanation:
Cost of buying = Direct Material + Direct labor + Variable overhead + Avoidable fixed costs
$43,000 = $28,000 + $6,000 + $3,000 + Avoidable fixed costs
$43,000 = $37,000 + Avoidable fixed costs
Avoidable fixed costs = $43,000 - $37,000
Avoidable fixed costs = $6,000
Fixed overhead costs of making = Avoidable fixed costs + Unavoidable fixed costs
Fixed overhead costs of making = $6,000 - $2,000
Fixed overhead costs of making = $4,000
So therefore, the fixed overhead costs of making the component is $4,000.
in a quiz for Marks and given for correct answer and negative marks are given for incorrect answer if Jacks score 20 five successive rounds 25,-5,-10,15 and 10, what was total at the end
Answers
Answer:
35
Explanation:
I believe he has 35 marks at the end but I could be wrong.
Behavioral targeting is the practice of ______. Multiple choice question. visiting a retail store to inspect merchandise but them purchasing online using information from cookies for directing online advertising from marketers to online shoppers forwarding a marketer-initiated message to others via electronic channels posting video blogs of merchandise purchase
Answers
Answer:
using information from cookies for directing online advertising from marketers to online shopper
Explanation:
I am planning to go to universal studios Florida with my friends we are a 15-16 year age group, is their any way we can go inside without supervision?
Answers
Product differentiation by incumbents act as an entry barrier because a. incumbents will take legal action if new entrants do not differentiate their products. b. it helps a firm to derive greater economies of scale. c. new entrants cannot differentiate their products. d. new entrants will have to spend heavily to overcome existing customer loyalties.
Answers
Answer:
d. new entrants will have to spend heavily to overcome existing customer loyalties.
Explanation:
When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market
So according to the given situation, the option d is correct
And, the remaining of the options should be incorrect
Product differentiation by incumbents act as an entry barrier because new entrants will have to spend heavily to overcome existing customer loyalties. Hence option D is correct.
Product differentiation by incumbents can act as an entry barrier for new competitors because established firms have already built brand loyalty and customer relationships. This makes it difficult for new entrants to attract customers away from the existing offerings.
To overcome this barrier, new entrants would need to invest significantly in marketing, advertising, and promotion to differentiate their products and create their own customer base. This can require substantial financial resources and marketing efforts to establish brand recognition and gain customer trust and loyalty.
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Setsuko wants to start a business of her own. She does not have enough savings, so she approaches her bank to obtain short-term funds for operations. The bank agrees to lend her $10,000 as she has requested. In this scenario, the type of funding obtained by Setsuko can be regarded as a
Answers
The type of funding obtained by Setsuko is the line of credit.
The following information should be relevant for the credit line:
It is treated as a flexible loan.It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time. It is for a short period of time.Since in the given situation, it is mentioned that:
Setsuko obtained the funds for the short term.Bank lent her $10,000.Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.
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Lori purchased a home for $250,000 with an additional $5,000 in related purchase costs and then added a garage at a cost of $25,000. She sold the home 10 years later for $575,000 and paid $35,000 in selling costs. She will pay capital gains tax on how much? $10,000 $260,000 $575,000 Zero
Answers
Answer: $10,000
Explanation:
If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.
Lori passes the ownership test and so can claim the tax exclusion.
Capital gain:
= Cash received - Purchase costs
= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)
= $260,000
After claiming exclusion of $250,000
= 260,000 - 250,000
= $10,000
True or false: Regulations prohibit insider trading. It is illegal for anyone to transact in securities to profit from inside information, that is, private information held by officers, directors, or major stockholders that has not yet been divulged to the public. True false question. True False
Answers
Answer:
the answer for this would be true
what is a business plan
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Answer:
A business plan is a written document that describes in detail how a business usually a startup may defines its objectives and how it is to go about achieving its goals.
Answer:
According to Wikipedia, A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals.
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from high school and will only work the three summer months before leaving for college. After the initial week of training, the manager continues to scrutinize and direct them in every detail of their job. Each time they make a mistake they are reprimanded, told their pay may be docked, and reminded that there are always other people who will gladly take their place. This manager is using the approach to management known as:
Answers
Answer:
Theory X
Explanation:
It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.
Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.
essica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1). If her stock basis is $10,000 at the beginning of the year, how much of this loss clears the hurdle for deductibility (assume the at-risk limitation equals the tax-basis limitation)
Answers
Answer:
$10,000
Explanation:
Calculation to determine how much of this loss clears the hurdle for deductibility
Amount allocated = ($45,000 x 1/3)
Amount allocated=$15,000 of loss
Since the amount Allocated is loss of $15,000 and her STOCK BASIS is the amount of $10,000 at the beginning of the year which means that she is allowed to Deduct only the amount of $10,000 of the allocation which represent the amount of her STOCK BASIS.
Therefore how much of this loss clears the hurdle for deductibility will be $10,000
All of the following are problem-solving steps except:
A. doing the first solution that comes to mind
B. creating possible solutions
C. defining the problem
D. taking action
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A is the answer because doing the first solution that comes to mind is not included in the process
if do the first which comes in the mind than what the benefit of creating possivle solutions
4. Please describe the five types of financial ratio analyses. Please provide and briefly discuss 2 ratios from each of the five types of analysis. Please perform each of the above five types of analysis using two ratios from each for any publicly traded company that you wish except, Pepsico, Apple, and Kroger. Please go to Yahoo finance, type in the name of the company, go to financial statements as summarized on Yahoo. You can use the latest quote as the stock price for any valuation ratios that you use involving stock price. You cannot provide ratios already provided in the stock summary.
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Answer:
We have five broadly categorized financial ratio analyses like Leverage, Liquidity, Profitability, Efficiency, and market price ratios. The liquidity Ratio gives us information over what proportion of current liabilities are being paid off by the corporate annually and the way effectively current assets are put to use. We use the present ratio to urge to understand the company's ability to pay off short-term liabilities.
Market price ratios consider calculating shareholders' value with reference to the dividend they provide, earnings, and market value. Earning share per Price may be a ratio where analysts consider calculating for the aim of knowing what proportion of income is being generated for every share. PE ratio is that the Price Earnings ratio which is employed in comparative analysis among industries and corporations. The profitability ratio determines what proportion maybe a company ready to produce using its assets and equity.
Return on Assets calculates what proportion returns are the assets are ready to produce the cash flows, also Return on Equity calculates what proportion returns are often generated as a profit or gain to the shareholders. Efficiency ratios discuss how capable are the assets in producing the returns or gains. Inventory Turnover Ratio discusses what proportion the last time inventory has been sold off. The assets ratio is beneficial in going to skills much credit given to the purchasers must be gained.
If my dad decides to buy a smokeshop but my mom doesn’t put her or our names on it will we lose anything money wise? I know his names on the house so that worries me but if she doesn’t sign anything will we lose anything? Pls don’t answer if you dont know
Answers
1. sorry about earlier
part one of the question) whoever buys the smokeshop via your dad, if his name is on it, then he will be the one recieving the money. and if he decides to put your name onto the smokeshop or your mom on it later, then he has to pass it down to whomever he passes it down to, such as his family (you, your mother, grandparents, etc...) so id say that the money will go via your father.
2.yes so if his name is on the house then he will be the one recieving the money and you will not loose money i dont think if he owns that smokeshop. so there is nothing to really worry about other than having to pay bills for lights and things. other than that you should be okay, i am not sure if YOU should put your name up for the smokeshop because i do not know your age. . but other than bills, light bills, water bills, and things you should be okay, if your father sells the things at his smokeshop then he should be making pay.
if this isnt what you are asking i apologize for this answer, i think this is what the question is asking though. have a good day :D
again sorry about earlier... with the 24 thing that was immature
Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cost of $20 per order. Bakery A's annual inventory holding cost percentage is 40%. If Bakery A chooses to use the economic order quantity for flour purchases, how many orders will be placed with the supplier each year?
Answers
I don't what the answer is but I will look for it
How do I view my work schedule Six Flags?
Answers
Answer:
you should have an username and password and just log in with six flag . try going to https://six.flag.team
Explanation:
I hope that help you
1. What is a business plan?
Answers
Answer:
It's simple, what you want to do with your business. Or what your planning to do with it.
Darren runs a barbershop with fixed costs equal to $40 per day and a total output of 10 haircuts per day. What is his weekly total fixed cost if he is open 6 days per week
Answers
Answer:
$240
Explanation:
Darren runs Barber shop
His fixed costs daily is $40
The toal output per day is 10 haircuts
He is open 6 days in the week
Therefore weekly total fixed costs can be calculated as follows
= 40×6
= 240
Hence the weekly fixed cost is $240
Three key takeaways from the history of credit in america
Answers
The Diners Club Card in 1950 was the first credit card. The Franklin National Bank situated in Long Island, New York, issued the first bank credit card in 1951.
The profitability of credit cards did not last long before others saw it and by 1953, and 60 credit card programs were in the United States.It recorded the ability to pay back debts and proved responsible for their repayment.Following are the key purchases from American credit history:
Credit history is a record of your debt repayment abilities and of your responsibility for repaying it.Includes the number and types of credit accounts you have credited, the duration of your account's opening, the amount owing, the quantity of available credit, whether you pay bills on time, and the number of recent credit requests.You will earn rewards for strong credit history, like cheaper rates on mortgage loans and automotive insurance.Learn more:
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Explanation:
I hope this image will help you
Dipper Donuts licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as Dipper Donuts restaurants elsewhere in the world. In return, the foreign firms have to pay Dipper Donuts a percentage of their profits. This is an example of
Answers
Answer:
Franchise
Explanation:
Considering the scenario described above, this is an example of a FRANCHISE.
This is because a Franchise is an arrangement involving a Franchisor and a Franchisee, whereby the franchisee conducts a business by utilizing the brand name and trademark of a franchisor.
In this type of business system, the franchisee typically pays a form of royalty and in some arrangement an initial payment for the right to conduct its business under the franchisor's name and system.
Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to post an advertisement on the library bulletin board starting October 14. What is the latest date Don could submit a NEW Event Request Form to UnitedHealthcare in order to comply with UnitedHealthcare's event reporting rules
Answers
Answer:
5th Nov is the latest date don could submit a event request.
Explanation:
The marketing and sales event can both be organized at the health care. These events can be planned no less than 7 days of the colander before the day of the event. These event can e both formal and informal.Medical science is an important sector all over the globe
Answers
Answer:
Medical scientists also conduct research to find treatments to un-treatable conditions. Medical science matters because it is the foundation of a strong healthcare system. When medical science is well resourced, patients conditions are diagnosed quickly and correctly, leading to correct and efficient treatment.
Answer:
medical science is an important sector all over the globe . It is related to human life .it has various field with many profession ranging from basic level to a higher level various work like preparing and dispensing drugs taking of diagnosing and treating peoples body elements suggesting for preventive measures are related to taking care of human life . India for medical science and various professional professionals related to it are important for human lifeLearning the techniques of sales writing can help you Group of answer choices All of these are benefits of learning sales writing techniques. become a more perceptive consumer of ideas, products, and services. become more successful in other situations requiring persuasion. recognize sales strategies directed at you.
Answers
Answer:
All of these are benefits of learning sales writing techniques.
Explanation:
Hope this helps
Learning sales writing techniques enhances consumer perception, persuasion, strategy recognition, and overall communication and decision-making effectiveness. Thus, option D is correct.
Techniques of sales refer to the strategies and methods employed to effectively communicate, persuade, and influence potential customers or clients.
These techniques encompass a range of skills, including crafting compelling sales messages, utilizing persuasive language and storytelling, employing effective negotiation tactics, building rapport, active listening, and addressing objections.
Sales techniques aim to engage and capture the interest of prospects, highlight the value and benefits of products or services, overcome barriers, and ultimately drive successful conversions.
Mastery of sales techniques equips individuals with the ability to navigate the sales process, build relationships, and achieve desired outcomes in a competitive marketplace.
Therefore, option D is correct.
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Most probably, your complete question is this:
Learning the techniques of sales writing can help you:
Group of answer choices
A) Becoming a more perceptive consumer of ideas, products, and services.
B) Becoming more successful in other situations requiring persuasion.
C) Recognizing sales strategies directed at you.
D) All of these options are benefits of learning sales writing techniques.
