Eddie goes to Best Buy to buy a new TV. He is willing to pay $400 for the TV he wants. If the price for the TV is $275, what is Eddie's consumer surplus? a. $400 b. $675 c. $275
d. $125

Answers

Answer 1

Eddie's consumer surplus, given the amount that he is willing to pay and the price of the television is D. $ 125.

How to find the consumer surplus ?

Eddie's consumer surplus can be calculated by finding the difference between his willingness to pay and the actual price he pays for the TV. In this case, Eddie's willingness to pay is $400, and the price of the TV is $275.

Consumer Surplus = Willingness to Pay - Actual Price

Consumer Surplus = $400 - $275

Consumer Surplus = $125

Therefore, Eddie's consumer surplus is $125.

This represents the additional value or benefit that Eddie receives from purchasing the TV at a price lower than what he was willing to pay.

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Related Questions

things we need to normalize:

Answers

Women having body hair

Answer:

Being part of the LGBTQ community

which of the following methods do economists use to study income differences across countries? check all that apply. the purchasing power parity method, used to compare incomes across countries the bundle of goods method, used to compare types of affordable goods across countries an environmental performance index the gdp deflator method, used to compare incomes across countries

Answers

Following methods economists use to study income differences across countries :

The purchasing power parity method, used to compare incomes across countries

Exchange rate conversion, used to express incomes in the common currency

A common metric used by macroeconomic analysts to compare the currencies of various nations using a "basket of goods" approach is purchasing power parity (PPP). Economists can compare economic productivity and living standards across nations thanks to purchasing power parity (PPP). In order to account for PPP, some nations modify their GDP estimates.

The rate at which one currency can be exchanged for another is known as the exchange rate between two currencies. In other words, the exchange rate is the cost of one currency relative to another.

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What is the main advantage of primary data compared to secondary? Multiple choice question. reduces cost of data collection offers a guarantee of reliability specific to the problem being studied saves time in data collection

Answers

The main advantage of primary data in compared to secondary data is that its has a guarantee of reliability specific to the problem being studied.

What are primary data?

A primary data refers to data that are collected directly from interviews, surveys, experiment by the researchers.

Hence, a most important as aspect of a primary data is that the data is genuine and allows for used in secondary data like Journal, newspapers etc

Therefore, the Option B is correct.

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________ is a quantitative tool to aid in making decisions concerning how well a process is performing.

Answers

Process capability is a quantitative tool that helps in making decisions about how well a process is performing. It is a statistical measure that compares the variability of a process with a set of predefined specifications or requirements.

Process capability is used to determine if a process is capable of producing output that meets customer requirements or if it needs to be improved to reduce defects, errors, or waste.

Process capability is typically expressed in terms of a capability index or ratio, such as Cp or Cpk. These indices compare the spread of the process output to the width of the specification limits to determine if the process is capable of producing output within the specified range. A high value of Cp or Cpk indicates that the process is capable of meeting customer requirements, while a low value indicates that the process needs improvement.

Process capability can be used in a wide range of industries and applications, including manufacturing, healthcare, and service industries. It can help managers and decision-makers to identify opportunities for process improvement, reduce costs, and increase customer satisfaction.

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outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives, A (new location), B (subcontract), and C (expand existing facilities). Alternative A would involve substantial fixed costs but relatively low variable costs: fixed costs would be $250,000 per year, and variable costs would be $500 per boat. Subcontracting would involve a cost per boat of $2,500, and expansion would require an annual fixed cost of $50,000 and a variable cost of $1,000 per boat. A. Find the range of output for each alternative that would yield the lowest total cost. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number. Do not include the indifference point in your answer. )A or moreB to C to b. Which alternative would yield the lowest total cost for an expected annual volume of 150 boats? ABC

Answers

To find the range of output for each alternative that would yield the lowest total cost, we need to compare the total costs for different levels of output. Let's calculate the total costs for each alternative and find the ranges:

Alternative A:

Total cost (A) = Fixed costs + (Variable costs per boat * Number of boats)

Total cost (A) = $250,000 + ($500 * Number of boats)

Alternative B:

Total cost (B) = Cost per boat * Number of boats

Total cost (B) = $2,500 * Number of boats

Alternative C:

Total cost (C) = Fixed costs + (Variable costs per boat * Number of boats)

Total cost (C) = $50,000 + ($1,000 * Number of boats)

Now, let's compare the total costs for different output levels:

For Alternative A to be the lowest cost option:

Total cost (A) < Total cost (B) and Total cost (A) < Total cost (C)

For Alternative B to be the lowest cost option:

Total cost (B) < Total cost (A) and Total cost (B) < Total cost (C)

For Alternative C to be the lowest cost option:

Total cost (C) < Total cost (A) and Total cost (C) < Total cost (B)

Now, let's calculate the ranges of output for each alternative:

For Alternative A to be the lowest cost option:

$250,000 + ($500 * Number of boats) < $2,500 * Number of boats and $250,000 + ($500 * Number of boats) < $50,000 + ($1,000 * Number of boats)

Simplifying the above inequalities will give you the range of output for Alternative A.

Similarly, calculate the ranges for Alternative B and Alternative C by comparing the total costs.

b. To determine which alternative would yield the lowest total cost for an expected annual volume of 150 boats, calculate the total costs for each alternative at that volume and compare them. Choose the alternative with the lowest total cost.

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.Traditional job design approaches pay the most attention to the_____________ , but social information processing (SIP) approaches pay attention to the ________________ .
1.
a. biological effects of the job
b. likelihood of accidents on the job
c. interpersonal aspects of the job
d. objective characteristics of the job
2.
a. biological effects of the job
b. likelihood of accidents on the job
c. interpersonal aspects of the job
d. objective characteristics of the job

Answers

The answer of 1.(d) and 2.(c). Traditional job design approaches pay the most attention to the objective characteristics of the job , while social information processing (SIP) approaches pay attention to the interpersonal aspects of the job.

The term 'Traditional job design' refers to the way the tasks are combined to form a complete job. It can be defined as building the specifications of the position, contents, method and relationships of the job so as to meet with various technological and organizational requirements as well as meet the personal needs job holders.

Whereas 'Social information processing' is "an activity through which collective human actions organize knowledge." It is the creation and processing of information by a group of people. In an academic field Social Information Processing studies the information processing power of networked social systems.

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Thom Georges wants to open a store where he sells nothing but antique architectural features that he can salvage from old houses being torn down to make way for progress. He has an eye for the kind of doors, windows, mantels, and so forth that decorators want, but he does not have all the funding he needs to get started. He has invited his parents to invest $40,000 in the enterprise. He has told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment. Georges is trying to get them to form a _____ with him.

Answers

Answer: limited partnership

Explanation:

A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.

In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.

what type of language is used in this sentences? Dont answer english just to get the points .
To connect friends and family around the world .
The Very Best For Less
To accelerate the world’s transition to sustainable energy.

Answers

To accelerate the worlds transition to sun stainable energy

tobacco retailers are less likely to request identification or enforce state laws on the sale of tobacco products to young people (13-18 years of age) in areas with a higher density of tobacco retailers

Answers

The required answer to this question is a correlation between the density of tobacco retailers in an area and the likelihood of retailers enforcing identification checks or complying with state laws regarding the sale of tobacco products to young people.

The enforcement of age restrictions and identification checks for tobacco sales is typically regulated by local, state, and national laws. These laws vary across different jurisdictions, but they generally aim to prevent the sale of tobacco products to minors.

The enforcement of these laws can be influenced by various factors, including the density of tobacco retailers in a particular area. In areas with a higher concentration of tobacco retailers, it is possible that retailers may face more competition, potentially leading to less stringent enforcement of age restrictions. However, it's important to note that this correlation may not apply universally and can vary from one region to another.

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Economists generally agree that the most important tax in the U.S. economy is the
A) investment tax.
B) sales tax.
C) property tax.
D) labor tax.

Answers

The most important tax in the U.S. economy, according to economists, is the labor tax.

Labor taxes are the primary source of revenue for the federal government, accounting for over half of all government revenue. They are taxes on wages, salaries, and other forms of labor income. Labor taxes have a direct impact on the economy because they affect the incentives for individuals and businesses to work, invest, and innovate. High labor taxes can discourage employment and investment, while low labor taxes can stimulate economic growth.

In contrast, investment taxes, sales taxes, and property taxes are also important sources of revenue, but they do not have the same direct impact on the economy as labor taxes. Investment taxes can affect the allocation of capital, but they are not as significant as labor taxes in terms of revenue. Sales taxes and property taxes are primarily used to fund state and local governments, and while they can affect consumer behavior and property values, they do not directly affect labor markets.

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round 312,5 up to rand​

Answers

Answer:

313 rand

Explanation:

To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.

In this case ; 312. 5 will be rounded to 313 ;

Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3

Hence, 313 rand

Recently, Glenda Estes was interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $27,600 cash or $6,900 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that Glenda would pay if she chooses to make the five annual payments.

Answers

The rate of interest charged to Glenda would be 5.18% upon the payment of her car in five annual installments.

What is a rate of interest?

The percentage of interest charged over the principal amount of loan or advances for a particular period of time, is known as the rate of interest of such loan.

The computation of rate of interest using the formula and given information will be,

\(\rm Rate\ of\ Interest= \dfrac{Interest}{Principal\ x\ Time}\ x\ 100\\\\\rm Rate\ of\ Interest= \dfrac{7150}{138000}\ x\ 100\\\\\rm Rate\ of\ Interest= 5.18\)

Hence, the computation of the rate of interest is as aforementioned.

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Select the statement below that describes a post-closing trial balance. Multiple choice question.
A. It is a listing of all permanent accounts and their balances after closing.
B. It is a listing of all temporary accounts and their balances after closing.
C. It is a financial statement that describes all revenue and expense accounts after closing,
D. It is a listing of all permanent accounts and their balances immediately after the adjusting process.

Answers

The post closing trial balance is A. a listing of all permanent accounts and their balances after closing.

What is the post closing trial balance?It shows the balances of permanent accounts (balance sheet items) at the closing of the reporting period. Helps compare debits to credits.

The post closing balance sheet allows a company to balance its accounts by comparing the balances on the debit side with the credit side. Adjustments can then be made.

In conclusion, option A is correct.

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Discuss the differences between a government organisation and a non-profit-seeking organisation

Answers

Government organizations and non-profit-seeking organizations differ in their funding sources, structure, and goals.

Government organizations are usually funded by tax revenues, while non-profit organizations rely on donations and grants from individuals, corporations, and government agencies.

The structure of government organizations is hierarchical and bureaucratic, with clear lines of authority and decision-making processes. In contrast, non-profit organizations have a flatter organizational structure and rely more on teamwork and collaboration.

Government organizations have a mandate to provide public services and ensure the welfare of citizens, while non-profit organizations aim to address social issues and advocate for specific causes.

In summary, while both government organizations and non-profit organizations aim to serve the public good, they differ in their funding sources, structure, and goals, which impact their operations and effectiveness.

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May you help me with this business question I and very struggling

May you help me with this business question I and very struggling
May you help me with this business question I and very struggling

Answers

Answer:

availability of direct deposit

availability of direct deposit

michelle works in retail and cant decide what products to include i the stores front window display what is the first step she should take to solve this problem

Answers

The available options are:

A. List the options.

B. Evaluate the decision/choice.

C. State the problem.

D. Determine the pros and cons.

Answer:

State the problem.

Explanation:

In a situation like this, it is expected that the first step to take to solve the problem is that Michelle should understand the reason, she wants to put the product on the window display. This includes knowing what she will benefit by placing the product on the window display and which product she wants to display. This process which is the first step in the problem-solving technique is known as STATE THE PROBLEM.

Hence, the right answer is State the Problem.

Explain the Internal Responsibility System (IRS) and how
it should function. Explain whether the IRS should be the
responsibility of an organization's health and safety department.
Please provide a ra

Answers

The Internal Responsibility System (IRS) is a framework that promotes workplace health and safety by assigning responsibility to all levels of an organization, rather than relying solely on a dedicated health and safety department. The IRS should function through active involvement and accountability of all employees in identifying and addressing hazards, as well as continuously improving safety measures.

The Internal Responsibility System (IRS) is an approach to workplace health and safety that distributes responsibility across all levels of an organization. Instead of relying solely on a health and safety department, the IRS emphasizes active involvement and accountability of every employee. In this system, each individual within the organization has a role to play in identifying and addressing hazards, implementing safety measures, and continuously improving workplace safety.

By implementing the IRS, organizations create a culture of shared responsibility for health and safety. This means that employees are not just passive recipients of safety rules and regulations, but active participants in maintaining a safe working environment. Managers and supervisors are responsible for providing the necessary resources, training, and support for employees to fulfill their safety obligations effectively. Employees, on the other hand, are expected to be proactive in identifying hazards, reporting unsafe conditions, and following safety procedures.

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State a reason to justify that marketing is a beneficial concept.​

Answers

Answer: marketing is beneficial to customers because they can receive lower price they can receive new and improved products and it is also beneficial to the business because it allows businesses to maintain long-lasting and ever-present relationships with their audience

A chord of a circle is l cm long. The distance of the chord to the center of the circle is h cm and the radius of the circle is r cm. express r in terms of l and h​

Answers

Answer:

http://www.mrbartonmaths.com/resources/GCSE%20Revision/GCSE%20Maths%20Takeaway/4.%20Grades%20B%20to%20A-star/107.pdf

Explanation:

THis is published by me....

. during the antebellum period u.s. tariffs on imported cotton textiles a. increased profits for british textile producers. b. decreased the prices of cotton textiles in the u.s. c. were supported by the southern states. d. were harmful to u.s. textile producers and their employees. e. none of the above is correct

Answers

None of the above is correct. This is because the tariffs made it more expensive to import cotton textiles from Britain and other countries.

During the antebellum period, US tariffs on imported cotton textiles had a complex effect. While the tariffs did increase profits for British textile producers, they did not necessarily decrease prices of cotton textiles in the US. In fact, the tariffs passed by the US Congress in 1824, 1828, and 1832 actually resulted in higher prices of imported cotton textiles and increased profits for US textile producers. The tariffs were also supported by the northern states, not necessarily the southern states, since the northern states had a larger industrial base. Therefore, the tariffs were not necessarily harmful to US textile producers or their employees. Tariffs are taxes levied by one nation on products and services imported from another country in order to influence it, collect money, or safeguard competitive advantages.

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can someone help me? got till the end of the day :/

can someone help me? got till the end of the day :/

Answers

Answer:

A

Explanation:

#33-36
SSAY. Write your answer on a separate sheet of paper. 33) Compare and contrast renting space for the general office to purchasing the space without a loan. 34) Why do highway contractors have a lower

Answers

33) When comparing and contrasting renting space for a general office to purchasing the space without a loan, there are several factors to consider such as renting space for a general office, purchasing space without a loan etc. 34) tTe lower costs of highway contractors can be attributed to economies of scale, standardization, specialization, and government involvement.

33) When comparing and contrasting renting space for a general office to purchasing the space without a loan, there are several factors to consider.

Renting space for a general office:

- Renting offers flexibility, as it allows businesses to change locations easily if needed.
- It requires less upfront investment, as there is no need to purchase the property.
- The responsibility for property maintenance and repairs usually lies with the landlord.
- The monthly rental payments are considered operating expenses and can be deducted from taxes.

Purchasing space without a loan:

- Purchasing the space provides long-term stability and potential equity growth.
- It allows businesses to customize the property to their specific needs.
- The property becomes an asset that can appreciate in value over time.
- The business has control over property maintenance and can make improvements as needed.

It's important to note that purchasing a space without a loan means paying the full amount upfront, which requires significant financial resources. Additionally, businesses will be responsible for property taxes, insurance, and maintenance costs.

34) Highway contractors often have lower costs compared to other types of contractors due to various factors:

- Economy of scale: Highway projects tend to be larger in scale, which allows contractors to benefit from economies of scale. This means that as the size of the project increases, the average cost per unit decreases.
- Standardization: Highway construction projects often involve similar types of work, such as road paving or bridge construction. Contractors can benefit from standardizing their processes and equipment, which can reduce costs.
- Specialization: Highway contractors typically specialize in this specific type of construction, allowing them to develop expertise and efficiencies in their operations.
- Government involvement: Many highway projects are funded and overseen by government agencies. This can lead to more stable and consistent work opportunities for contractors.

By leveraging these factors, highway contractors can achieve cost savings and efficiency in their operations, resulting in lower costs compared to contractors in other industries.

Overall, the lower costs of highway contractors can be attributed to economies of scale, standardization, specialization, and government involvement.

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In which market would a producer sell bicycles to consumers?

Answers

In the markets for goods and services, a producer would sell his bike for purchase by customers.

What is the market for goods and services?

Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.

The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.

The rule of supply and demand governs how much is produced and at what price in the market for products and services.

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A situation in which a buyer and a seller possess different information about a transaction is called:
Select one:
• Asymmetric information.
• Moral hazard.
• Adverse selection.
• Market signaling.

Answers

A situation in which a buyer and a seller possess different information about a transaction is called "Asymmetric information." (Option A)

Asymmetric information refers to a situation where one party in a transaction has more information or knowledge than the other party. In this context, the buyer and seller have unequal access to information about the transaction, which can create challenges and potential risks. Asymmetric information can lead to adverse selection and moral hazard problems. Adverse selection occurs when one party takes advantage of their superior information to make choices that are unfavorable for the other party.

Moral hazard arises when one party behaves differently or takes excessive risks due to the knowledge asymmetry. Market signaling, on the other hand, refers to actions taken by individuals to convey private information to other parties, which can help mitigate the effects of asymmetric information. Therefore, the term that specifically describes the situation where the buyer and seller have different information is "asymmetric information."

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what activities does marketing involve besides selling?

Answers

Answer:The activities involved in marketing are

Product and Service Selection. A manufacturer or service provider ideally listens to its customers and prospects before making product and service decisions.

Product or Service Pricing

Product Placement Activities

Incentives and Promotional Activities.

Explanation:

A lone pair must be in what orbital type(s) to participate in resonance? choose all that apply. group of answer choices

Answers

A lone pair can participate in resonance if it is in a p orbital or an sp2 hybrid orbital.

Resonance is a phenomenon in which electrons are delocalized and can move between different molecular orbitals. To participate in resonance, a lone pair of electrons must be in an orbital that allows for delocalization.

In the case of a lone pair, it can participate in resonance if it is in a p orbital or an sp2 hybrid orbital. Both of these orbital types have the necessary spatial symmetry and energy characteristics to allow for electron delocalization and participation in resonance.

An sp2 hybrid orbital is formed through the hybridization of one s orbital and two p orbitals. It is characteristic of atoms that undergo sp2 hybridization, such as carbon (C) in trigonal planar geometry. The unhybridized p orbital in an sp2 hybridized atom can hold a lone pair of electrons and participate in resonance.

In summary, a lone pair of electrons can participate in resonance if it is in a p orbital or an sp2 hybrid orbital. These orbital types provide the necessary characteristics for electron delocalization and contribute to the phenomenon of resonance in molecules.

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[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -

Answers

All of your answers are correct.

The questions given and their appropriate responses can be seen below:

1. Tech Support is an example of a B2B internet service.

2. Many companies have sophisticated tracking software - Critical incident technique.

3. Reliability is not a characteristic of a service.

4.  Experience qualities is the encounter between service-consumer that occurs during delivery of the service

5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.

6. Gap analysis is the measure of the difference between a customer's expectation.

7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.

8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.

9. John always takes his car to the same place for an oil change - Augmented

10. Response qualities is not a service of quality attribute.

What is Service marketing?

This is defined as  the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.

The answers to the questions given  can be seen appropriately given above.

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Write three sentences.What is summer mainly about and what is your fav thing about summer time?

Answers

Is is what the top say your welcome

Question 7
Supply Side Economics is the approach that advocates regulation on industry
O True
O False

Answers

Supply side economics is a type of theory that argues economic growth is best when creating lower taxes and decreasing regulation.. therefore it would be false!
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