If the price of a bottle of orange juice is $1.50, then consumer surplus is an amount equal to the area A. under the demand curve and above the $1.50 price for each individual who buys and consumes orange juice. B. above the demand curve for each individual who buys and consumes orange juice. C. under the demand curve for each individual who buys and consumes orange juice. D. under the demand curve and above the $0.75 price for each individual who buys and consumes orange juice.
Answers
Answer:
A. under the demand curve and above the $1.50 price for each individual who buys and consumes orange juice.
Explanation:
Consumer surplus represents the difference between what consumers are willing to pay for a good and the actual sales price of the good. In this case, all the area below the demand curve and above the sales price is considered consumer surplus.
Related Questions
E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12 months of system monitoring service for $280 and $560, respectively. The company sells an equipment/monitoring bundle on January 1 for a total price of $990. The monitoring service begins immediately after the equipment is delivered and installed on January 1. Required: Determine the dollars of revenue that should be allocated to the equipment for each bundled sale. Determine the dollars of revenue that should be allocated to the service for each bundled sale. Determine the dollars of Sales Revenue and Service Revenue from the January 1 bundled sale that should be reported in the income statement for the period January 1–31.
Answers
Answer:
Particulars Amount
1. Revenue allocated to the equipment $330
for each bundled sales
{$990 * $280 / $280 + $560}
2. Revenue allocated to the service $660
for each bundled sales
{$990 * $560 / $280 + $560}
3. Sales revenue to be reported in income $660
statement
Service revenue to be reported in $55
income statement
($660/12)
How do alternatives relate to thoughtful decisions
Answers
Cools are not part of the agriculture food and natural resources duster.
True
OB
False
Answers
Answer : True
Explanation:
Answer:
I think false
Explanation:
Not sure tho
Infinity times Infinity
Answers
Answer:
I think its just infinity
Answer:
Infinity
Explanation:
VitaLive has authorized the development of a video game based on new technology. Which of the following is an example of a risk that has to be accepted because it cannot be mitigated?
Answers
Answer:
There is a risk that a competitor may beat them to market with a similar product.
What does it mean to consider logic when prioritizing tasks?
Answers
Explanation:
To consider logic when prioritizing task means: You should order them by how long they take to achieve.
Answer:
Considering logic requires understanding which tasks need to be completed first in order to allow other tasks to become possible to complete. Setting priorities using logic assumes that it will just make sense for some tasks to be completed earlier.
Explanation:
A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 million, while the forecast was 43 million. A smoothing constant of 0.20 is used. a) Using exponential smoothing and given alpha, the forecast for the month of July = nothing million checks received (round your response to one decimal place). b) If the check-processing center received 44 million checks in the month of July, then using exponential smoothing and given alpha, the forecast for the month of August = nothing million checks received (round your response to one decimal place). c) Exponential smoothing may not be an appropriate method to use for the check-processing center because: A. the check-processing center should observe an increasing trend in its processing requirements. B. the check-processing center should observe seasonality in its processing requirements. C. the
Answers
Answer:
Follows are the solution to this question:
Explanation:
In point A:
[tex]\text{Accelerating layering Forecast July= }[/tex][tex](\text{Actual demand of June} \times 0.20) + ( \text{Forecast demand of June} \times (1 - 0.20))[/tex]
[tex]= ( 38 \times 0.2) + ( 43 \times 0.8)\\\\= 7.6+ 34.4\\\\=42[/tex]
In point B:
[tex]\to Forecast \ \ August = (44 \times 0.2) + ( 43.2 \times 0.8)[/tex]
[tex]=8.8+34.56 \\\\=43.36[/tex]
In option C:
Its right choice is to track the seasonality of the processing requirements of the control centre.
Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
Answers
Answer:
3500 units
Explanation:
The quantity at which the Primetime inventory manager places his/her next order is the reorder point.
The reorder point is the minimum quantity of inventory that a business should have in its store.
The reorder point is calculated using the formula below.
(Average daily unit sales x delivery lead time) + safety stock
For Primetime, safety stock is not mentioned
reorder point =500 units x 7 days
=3500 units
Chris Fowler borrowed $93,290 on March 1, 2018. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 7% per annum.How much must be contributed each year by Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2025?
Answers
Answer:
$43,027
Explanation:
The computation of the amount to be contributed each year is shown below:-
Amount to be repaid on March 1, 2025 = Loan amount × (1 + Interest Semiannually )^Number of years
= $93,290 × (1 + 0.04)^20
= $93,290 × 2.191123143
= $204,409.878
Amount to be contributed = Required future value ÷ Cumulative FV factor at 7% for 5 periods of annuity due
= $204,409.878
÷ 4.75074
= $43,027
State the following statements are True or False. State the reason for your answer. Each question
carries 2 marks.
1. Labour intensive production means firms hire more people than any other factor of production. It is the
value (amount) spent that is measured.
Answer:.........
Reason:.....
2. Poor quality means that a firm's prices are higher than the industry average.
Answer:.....
Reason:........
3. Quality means that a product is high-class and one of the best in its industry, such as Rolls Royce cars or
Rolex watches.
Answer:.......
Reason:...
4. The location decision is irreversible.
Answer:.
Reason:..
Answers
Answer:
See below
Explanation:
1. True
Labor refers to human efforts in production. A labor-intensive production is when the manufacturing of a product or service relies heavily on labor than the other factors of production. Labor-intensive production is mostly applied in small-scale manufacturing or customized production.
2. False
Poor quality describes a product or a service that does not meet the expected standards. Poor quality is of low quality, one that is not properly made. Poor quality refers to a product or service that is of bad quality. A Poor quality product attracts low prices that are below the industry average.
3. True
Quality means a high degree of excellence. A quality product or service implies the product meets expected standards. Quality products offer excellent service to customers. Consumption of the product gives great satisfaction to the user.
4. False
The location decision can be reversed. A location is a place or area where a business will be set-up. The location decision involves identifying the most appropriate place to establish the business. The location decision is crucial as it can be the difference between success and failure.
Businesses have always re-located from one place to another. If the location chosen is not favorable, a decision can be made to re-locate. Reversing a location decision is expensive and time-consuming.
The person in charge of product movement is the ?
Answers
Answer:
Distributor I believe
Answer:
Sales Manager :)
Explanation:
Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT
Answers
Answer:
Loss
Explanation:
Because she started with 860.00 then ended with 300
Answer:
350
Explanation:
I guessed
CollegePak Company produced and sold 86,000 backpacks during the year just ended at an average price of $46 per unit. Variable manufacturing costs were $20.00 per unit, and variable marketing costs were $6.68 per unit sold. Fixed costs amounted to $556,000 for manufacturing and $228,800 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.) Required:Compute CollegePak’s break-even point in sales dollars for the year. (Do not round intermediate calculations. Round your final answer up to the nearest whole dollar.)Compute the number of sales units required to earn a net income of $620,000 during the year. (Do not round intermediate calculations. Round your final answer up to nearest whole number.)CollegePak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm’s break-even point in sales dollars for the coming year. (Do not round intermediate calculations. Round your final answer up to the nearest wh
Answers
Answer:
Part 1
$1,868,571
Part 2
72,713 units
Part 3
$ 2,065,263
Explanation:
Break even point is the point where a firm makes neither a profit nor a loss.
Break even point (sales dollars) = Fixed Costs ÷ Contribution Margin Ratio
Where,
Contribution Margin Ratio = Contribution ÷ Sales
= (Sales - Variable Costs) ÷ Sales
= ($46.00 - $20.00 - $6.68) ÷ $46.00
= 0.42
Therefore,
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.42
= $ 1,868,571.429
= $1,868,571
Units to achieve a target profit = Fixed Costs + Target Profit ÷ Contribution per unit
Where,
Contribution per unit = Sales per unit - Variable Costs per unit
= $46.00 - $20.00 - $6.68
= $19.32
Therefore,
Units to achieve a target profit = ($556,000 + $228,800 + $620,000) ÷ $19.32
= 72,712.21532
= 72,713
After 10% increase in variable manufacturing costs.
Variable manufacturing costs = ($20.00 × 1,10)
= $22
Contribution Margin Ratio will be = (Sales - Variable Costs) ÷ Sales
= ($46.00 - $22 - $6.68) ÷ $46.00
= 0.37652
= 0.38
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.38
= $ 2,065,263.15
= $ 2,065,263
An apparel company has introduced three different varieties of shoes at different price points. a company that produces shampoos have now introduced dishwashing liquids in the market. a shoe company sells its floaters at a price that does not even cover its production cost. a chocolate company introduces its new range of chocolates at a discounted price for limited stock only. loss leadership arrowRight promotional pricing arrowRight product line pricing arrowRight brand extension
Answers
Answer:
An apparel company has introduced three different varieties of shoes at different price points. [Product line pricing]
A company that produces shampoos have now introduced dishwashing liquids in the market. [Brand extension]
A shoe company sells its floaters at a price that does not even cover its production cost. [Loss leadership Pricing]
A chocolate company introduces its new range of chocolates at a discounted price for limited stock only. [Promotional pricing]
Explanation
Product Line Pricing: This strategy of separating products into various price categories may or may not have anything to do with their cost. It, however, achieves the effect of making one seem of a higher quality than the other.
Brand Extension:
Brand extensions serve the primary purpose of maintaining brand dominance and or relevance in the mind of the consumers.
Loss Leadership Pricing: This strategy is often used to attract the attention of customers. As customers compare the price of this product with similar/competing products, it can even create a mindset with customers that the business has very cheap products. This ultimately leads to more purchases and ultimately an increase in the bottom line of the business. This strategy is seldom used in isolation. The business almost always makes up for this loss relying on the increased volume of sales or by marking up other products slightly.
Promotional Pricing:
There are consumers who are very price sensitive. This strategy by the nature of its design almost always attracts their patronage. Depending on the creativity of the Marketing Officer, this can be used to increase consumer loyalty.
Cheers
Answer:
ANSWER IN FOTO
Explanation:
What is the difference between a marketing strategy and a marketing plan?
A. A marketing strategy tells where a business wants to go and the marketing plan tells how to get there.
B. There is no difference between a marketing strategy and a marketing plan.
C. A marketing strategy is rather flexible, but a marketing plan should not be revised once it has been created.
D. A marketing plan is written first and forms the basis of the marketing strategy.
Answers
Answer:
a
Explanation:
Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.
Answers
Answer:
He should choose a career cluster that will allow him to support himself.
Explanation:
What are blueprints?
OA.
Plans for buildings, machines or other items.
OB.
Computer programs.
O C. Laboratory equipment.
OD.
Instructions for employees.
Rese
Answers
answer:oa.
Explanation:
its just oa its the definition
Answer:
A. plans for buildings, machines, or other items
Explanation:
Blueprint
A complete plan that explains how to do or develop something.
<3 Enjoy,
Dea
Please help I will mark brainliest
What is the financial responsibility within the fashion industry ??!!??!?!?
HELPPPP
Answers
Fashion finance jobs focus on the business side of fashion, especially as it relates to product sales. In this role, you may help manage a relationship with buyer or vendor accounts. You also support the overall budget of your corporation by ensuring positive cash flow and help evaluate the financial value of each type of merchandise your company releases. Many details of this position depend on the company. For example, some fashion companies are global, so people in financial positions may have to coordinate information and activities across many parts of the world. This job is generally similar to financial positions in most other industries.
Which of the following is the best description of
greenwashing?
O A. Committing to using only sustainable sources for
raw materials used in production
O B. Trying to eliminate as much pollution as possible by
relying on solar energy or other cleaner form of fuel
O C. Changing from traditional printing media to
environmentally friendly printing media
D. Changing practices superficially to appear more
environmentally friendly to consumers than they
truly are
Answers
Answer:
D. Changing practices superficially to appear more environmentally friendly to consumers than they truly are.
Explanation:
Greenwashing is the act of corporate companies in their attempts to convey a false impression to their customers that their products are environmentally friendly. Through this process, they provide misleading information.
Companies provide misleading information to their customers, in making the impression that their products are more environmentally friendly than other products. Thus, greenwashing can be described as changing the practices of the company/ brand superficially so that they appear more environmentally friendly than they really are to customers.
Answer:
D. baud
Explanation:
What problems might robert encounter in comparing these companies to one another on the basis of their ratios? (select all the answers that apply.)
a. financial ratios from software companies are never very reliable.
b. the operating characteristics of firms across different industries vary significantly resulting in very different ratio values.
c. the four companies are in very different industries.
d. caution must be exercised when comparing older to newer firms,
e.g., utility company vs. software company?
Answers
Answer:
The likely problems to be encountered by Roberts include the following below:
b. the operating characteristics of firms across different industries vary significantly resulting in very different ratio values.
d. caution must be exercised when comparing older to newer firms,
e.g., utility company vs. software company?
c. the four companies are in very different industries.
Explanation:
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
Learn more about Fiscal policy:
https://brainly.com/question/1114207
Nika wants to borrow some money from the bank and needs to determine her net worth. she has a car worth $3,400 and has $400 in her checking account. if her only debt is $600 she still owes on her car, what is her net worth? HELP ITS EASY ILL GIVE BRAINLY AND A HUG
Answers
Answer:
$3200
Explanation:
Net worth is the value of an individual's or an organization's assets after subtracting liabilities. Net worth is, therefore same as net assets.
Nika's net worth is the value of her assets minus liabilities. Assets being the things she owns, while liabilities are what she owes.
Nika's assets = Cars $3400, cash $400,
Total assets = $3,800
Liabilities = car debts $600
Net worth =$3800 -$600
=$3200
The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was:
Answers
Answer:
21,000 units
Explanation:
Prepare a reconciliation of physical units
Inputs :
Beginning Work In Process Units 5,000
Units Started during the period (Balancing figure) 21,000
Total 26,000
Outputs :
Completed and transferred out units 22,000
Ending Work In Process Units 4,000
Total 26,000
Conclusion :
Thus, number units started during November in the department was: 21,000 units
Why is this app so good
Answers
Answer:
Because It helps me on test cause I'm dumb
Answer:
because it helps us to solve our problems and qll the experts are always there to help us....
Steven is a senior in high school. His father, Jeff, is a successful businessman. The two are very close and talk openly about things, including money and investments. Jeff decides to change his investments, and he puts one-fourth of his money in a steadily growing company, one-fourth in a rapidly growing company, one-fourth in a single company that has paid good dividends, and one-fourth in a company based overseas. When he tells Steven, he is shocked that Steven is worried. Is Steven right to be worried? Why or why not?
Answers
Answer:
No, Stephen should not be worried.
Explanation:
What Jeff has done is known as diversification.
Diversification is an investment strategy of spreading one's capital in different categories of assets. Practicing diversification means investing in many classes of assets as opposed to focusing on one particular asset.
By diversifying, Steven's father is safeguarding against heavy losses should the market behave against expectation. If one has focused on only one class of assets, if the market moves against forecast, he will suffer heavy losses. If he has diversified, some classes of assets will make profits and other losses. Diversification is, therefore, a risk mitigation tool that guards against total capital loss. Steven should be happy instead of getting worried.
What could happen when requesting an interview if a job applicant hadn't prepared a 30-
Second Commercial?
Answers
drawing increase the investment of the owner true or false
Answers
pretty sure this is correct lol
Would pebbles at the beach make a good form of money explain why or why not.
Answers
Answer: there are some pebbles but some can be really rare find out why.
Explanation: They are pretty tiny, in order that they may be accustomed obtain most things. they're going to not rot or otherwise disappear. the matter is that pebbles square measure approach too common to use for cash. If anyone will blast off to a beach or different such place and acquire tons of a substance, it's not terribly helpful as cash.
help please i have 1 hour
Answers
The current event on nutrition that I decided to study was the effects of the consumption of soybeans and proteins derived from them. For vegetarians and vegans partaking in a fit or sporty lifestyle, foods like tofu, edamame, and sliced tempeh are some of the easiest sources of protein. With plant-based diets booming in popularity, and movies like "Game Changers" swaying people towards eating less meat, I found article "Is Eating Soy Healthy or Unhealthy?" (Alina Petre, August 27, 2020) on Healthline to analyze.
In summary, soybeans and soybean derived foods are indeed rich in vitamins, protein, fiber, and antioxidants. They also contain every vital amino acid, making them a perfectly adequate if not better source of protein than red and lean meats. They may help lower cholesterol, blood pressure, blood sugar, and even improve fertility. My reaction to this was incredibly surprised. Many say that the estrogen-like compounds will have negative effects on the body, and that because foods like tofu and tempeh are processed, they might increase your risk for cancer. On the contrary, it is actually the opposite. What I found peculiarly interesting about the article is is the amount of studies saying that people who consumed diets rich in soy actually had a surprisingly lower risk for certain cancers. The only thing that really threw me off about soy was the fact that most soy crops are genetically modified, but the negative effects of that are yet to be tested.
To conclude, the things I found most peculiar or interesting were the lack of studies behind the negative effects of soy products and the amount of cancer-risk reducing properties they contained. My reaction to this article was definitely surprised, and I can't think of anything within it that I disagree with.
I hope this helps! Feel free to shorten it down or format it in a way that works best for you. :)
Answer:
all that looks right up ther
according to the video what are some quality's petroleum engineers need? check all that apply.
Answers
Hello! Your answer is shown below,
Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.
Hope this helps!
Answer:
The answer is
A) willingness to travel
E) problem-solving skills
F) patience
Explanation: