subject
Business, 22.07.2019 20:20 meli82

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement | consumer surplus | producer surplus | neithera. even though i was willing to pay up to $67 for a used textbook, i bought a used textbook for only $58. b. i sold a jersey sweater for $31, even though i was willing to go as low as $24 in order to sell it. c. i sold a used laptop for $200 on ebay last week. this week, someone offered me $34 for it.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 22:20
Suppose a ceiling fan manufacturer has the total cost function c(x) = 48x + 1485 and the total revenue function r(x) = 75x. (a) what is the equation of the profit function p(x) for this commodity? p(x) = (b) what is the profit on 35 units? p(35) = interpret your result. the total costs are less than the revenue. the total costs are more than the revenue. the total costs are exactly the same as the revenue. (c) how many fans must be sold to avoid losing money? fans
Answers: 1
question
Business, 22.06.2019 23:10
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
question
Business, 22.06.2019 23:40
Elite coffee and bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "we will always provide a quality product to our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." this statement is elite's
Answers: 2
question
Business, 23.06.2019 10:00
Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital
Answers: 2
You know the right answer?
Identify whether each of the following statements best illustrates the concept of consumer surplus,...
Questions
question
English, 18.10.2019 20:10
question
Mathematics, 18.10.2019 20:10
Questions on the website: 13722363