Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). Demand Function Supply Function p = 975 − 25x p = 40x
consumer surplus $_____ millions
producer surplus $_____ millions
Answers
The consumer surplus is $2,812.5 million, and the producer surplus is $4,500 million. Consumer surplus is the point where demand and supply function are equal.
To find the consumer and producer surpluses, we first need to find the equilibrium point, where the demand and supply functions are equal. So, we will set the two functions equal to each other and solve for x:
975 - 25x = 40x
Now, combine the x terms:
25x + 40x = 975
65x = 975
Now, divide by 65 to get the value of x:
x = 975 / 65
x = 15
Now that we have the equilibrium quantity, we can plug it back into either the demand or supply function to find the equilibrium price:
p = 975 - 25(15)
p = 975 - 375
p = 600
Now we can calculate the consumer surplus and producer surplus. The consumer surplus is the area between the demand curve and the price line, up to the equilibrium point. It is a triangle, so we can use the formula (1/2) × base × height to find its area:
Consumer Surplus = (1/2) × (15) × (975 - 600)
Consumer Surplus = 0.5 × 15 × 375
Consumer Surplus = $2,812.5 million
The producer surplus is the area between the supply curve and the price line, up to the equilibrium point. It is also a triangle, so we can use the formula (1/2) × base × height to find its area:
Producer Surplus = (1/2) × (15) × (600 - 0)
Producer Surplus = 0.5 × 15 × 600
Producer Surplus = $4,500 million
So, the consumer surplus is $2,812.5 million, and the producer surplus is $4,500 million.
Learn more about demand function https://brainly.com/question/1552746
#SPJ11
Related Questions
A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answers
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
NEED HELP AS SOON AS POSSIBLE
Answers
Answer:it is 10,000
Explanation:
Answer:
Q1: Total assets= 25,200
Q2: Total liabilities = 16,500
Explanation:
Q1: Add all your assets to get total assets
Q2: Add all your liabilities to get total liabilities
Q3: Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.
25, 200-16,500=+8700
Which of the following is an example of an inherently unsafe product?
O A. A necklace
O B. Curtains
O C. Household cleaner
D. A car
Answers
Answer: C. Household cleaner
Explanation: It can kill people because it is harmful for the human skin and is dangerous once ingested. This is why we keep household cleaners away from babies and children, in case they ingest it.
Would appreciate brainliest <3
Which type of financial risk happens when the prices of things rise and fall?
A. income risk
B. interest rate risk
C. personal risk
D. inflation risk
Answers
Answer:
Option B is your answer ☺️☺️☺️
Developing countries have sometimes adopted policies to shift people out of agriculture and into industry by protecting manufactured production. One of the problems they have encountered is that _____.
A) people have been too reluctant to leave rural areas to go to the cities
B) food shortages have increased in rural areas because of worker shortages
C) demand for social and political services has increased excessively in the cities
D) developed countries have retaliated with protection of products from the developing countries
Answers
Option A is the correct answer. Developing countries have often attempted to move people out of agriculture and into manufacturing by safeguarding manufactured goods.
The problem in Developing countriesThey have encountered problems in doing so, however, one of which is that people have been too hesitant to leave rural areas to go to the cities. In many developing nations, agriculture is the primary sector. Despite urbanization, the majority of the population remains in rural areas.
This is due to a variety of factors, including the difficulties that people encounter when attempting to find work in cities, as well as their ties to their rural communities.
As a result, despite efforts to shift people out of agriculture and into industry, many individuals have remained in rural areas, preventing the economic transformation that many developing nations are striving for.
Learn more about agriculture at
https://brainly.com/question/11158509
#SPJ11
A corporation's annual stockholders' report provides financial data and other information related to both past and planned activities. TRUE or FALSE
Answers
True.A corporation's annual stockholders' report typically provides financial data and other relevant information regarding the company's past performance, current status, and planned activities.
It serves as a comprehensive report to shareholders, presenting details such as financial statements, management discussion and analysis, corporate governance information, major accomplishments, goals, and future plans. The annual stockholders' report is an important communication tool used by corporations to keep shareholders informed about the company's financial performance and strategic direction.
To learn more about stockholders:
https://brainly.com/question/18523103
#SPJ11
26. what is the total amount of advanced premium tax credit that cynthia received in 2021?
Answers
The total amount of advanced premium tax credit that Cynthia received in 2021 is $1,800.
The premium tax credit, or PTC, is a refundable benefit that aids qualified people and families in paying for the premiums of their health insurance plans obtained via the Health Insurance Marketplace. Based on the premium paid by the insured, German legislation establishes an insurance premium tax. This includes any additional charges, such as those for drafting. In accordance with the date the insurance premium is paid, the IPT is assessed to the policyholder. how much money you shell out each month for health insurance. Regularly, you must also pay a deductible, copayments, and coinsurance on top of your premium in order to receive medical care.
Learn more about premium tax here
https://brainly.com/question/30283605
#SPJ4
1. Explain what you observed at the Walmart shareholders meeting. 2. Explain how Walmart able keeps track of its inventory. Why is this important
Answers
With the use of a tiny device known as Telson, Walmart is able to keep track of its inventory. It scans the bar code, which is not only a straightforward process but also virtually encyclopedia-like in that it provides all the information.
A bar code conceals information's power. It is crucial since it records all sales, including what is being sold when it is being sold, its history, selling prices, and pricing trends. With the help of cutting-edge technology, a strong corporate culture, and constant attempts to get suppliers to cut costs and offer items at the lowest possible rates, Walmart has managed to keep its pricing so low. Walmart has always been successful in keeping its pricing low, which is its main objective. Walmart maintains minimal operating and production costs because it employs standard and few component parts.
Learn more about Walmart here:
https://brainly.com/question/12957274
#SPJ4
X
✓
The primary function of the Gini coefficient is to
(4 points)
measure the quality of human capital in an economy
O explain the cause of income inequality
O measure income inequality in an economy
show the efficiency of an economy
show the amount of wealth in an economy
Points
Answers
Answer:
The primary function of the Gini coefficient is to measure income inequality in an economy. It is a statistical measure that is used to represent the distribution of income or wealth among a population. A Gini coefficient of 0 indicates perfect equality, where everyone in the population has the same income or wealth. A Gini coefficient of 1 indicates perfect inequality, where one person has all the income or wealth in the population. The Gini coefficient is often used to assess the level of income inequality in a country or region and can be used to inform policy decisions related to redistributive measures such as taxes and welfare
Weiland Co. shows the following information on its 2019 income statement: sales = $161,500: costs = $80,200; other expenses = $3,500; depreciation expense = $9,200; interest expense = $6,700; taxes = $21,665; dividends = $8,050. In addition, you're told that the firm issued $4,300 in new equity during 2019 and redeemed $7,300 in outstanding long-term debt. a. What is the 2019 operating cash flow? b. What is the 2019 cash flow to creditors? c. What is the 2019 cash flow to stockholders? d. If net fixed assets increased by $21,100 during the year, what was the addition to NWC?
(For all requirements, do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operating cash flow
b. Cash flow to creditors
c. Cash flow to stockholders d. Addition to net working capital
Answers
The answers are:
a. Operating cash flow (OCF) = $65,335
b. Cash flow to creditors = $18,300
c. Cash flow to stockholders = $3,750
d. Addition to net working capital (NWC) = N/A (insufficient information)
To calculate the various cash flows and the addition to net working capital, we need to use the following formulas:
a. Operating cash flow (OCF) = Net Income + Depreciation Expense
b. Cash flow to creditors = Interest Expense - Net New Borrowing
c. Cash flow to stockholders = Dividends - Net New Equity Issued
d. Addition to net working capital (NWC) = Change in Current Assets - Change in Current Liabilities
Given the information provided:
Net Income = Sales - Costs - Other Expenses - Taxes
Net Income = $161,500 - $80,200 - $3,500 - $21,665
Net Income = $56,135
a. Operating cash flow (OCF) = Net Income + Depreciation Expense
OCF = $56,135 + $9,200
OCF = $65,335
b. Cash flow to creditors = Interest Expense - Net New Borrowing
Net New Borrowing = Outstanding Long-term Debt Redeemed - New Equity Issued
Net New Borrowing = -$7,300 - $4,300
Net New Borrowing = -$11,600 (negative value represents repayment of debt)
Cash flow to creditors = $6,700 - (-$11,600)
Cash flow to creditors = $18,300
c. Cash flow to stockholders = Dividends - Net New Equity Issued
Cash flow to stockholders = $8,050 - $4,300
Cash flow to stockholders = $3,750
d. Addition to net working capital (NWC) = Change in Current Assets - Change in Current Liabilities
Since we don't have specific information on changes in current assets and liabilities, we cannot calculate the addition to NWC.
Know more about cash flow here;
https://brainly.com/question/27994727
#SPJ11
Why does a CISO need to be able to differentiate the drivers of corporate governance and IT governance?Compare and contrast corporate and IT governance from the standpoint of someone trying to explain the difference to IT personnel who may not know the corporate drivers.
Answers
As a CISO, it is important to differentiate the drivers of corporate governance and IT governance because they serve different purposes and have different goals. Corporate governance is concerned with the overall management and control of an organization, including its strategy, policies, and processes. IT governance, on the other hand, focuses specifically on the management of IT systems and services, ensuring they align with the organization's goals and objectives.
From the standpoint of someone trying to explain the difference to IT personnel who may not know the corporate drivers, it is important to note that corporate governance is driven by regulatory compliance, financial performance, and risk management, while IT governance is driven by operational efficiency, effectiveness, and innovation. Corporate governance is more concerned with the overall direction and performance of the organization, while IT governance is more concerned with the specific technology systems and services that support the organization's goals.
To contrast the two, corporate governance is focused on ensuring that the organization is run effectively and ethically, while IT governance is focused on ensuring that the technology systems and services are managed effectively and efficiently. Overall, a CISO needs to understand both corporate governance and IT governance in order to effectively manage IT security and ensure that technology systems and services are aligned with the organization's goals and objectives.
Hi! To answer your question, a CISO (Chief Information Security Officer) needs to differentiate the drivers of corporate governance and IT governance because they serve distinct purposes in an organization.
Corporate governance refers to the rules, practices, and processes by which a company is directed and controlled. Its primary purpose is to protect the interests of shareholders and other stakeholders, ensuring the organization is managed ethically, transparently, and effectively. The main drivers of corporate governance include legal requirements, industry standards, and ethical considerations.
On the other hand, IT governance focuses on the management and control of IT resources to meet the organization's goals and objectives. It ensures that IT investments are aligned with business needs and that risks related to technology are effectively managed. The main drivers of IT governance include strategic alignment, risk management, and performance measurement.
Understanding the difference between corporate and IT governance is essential for a CISO, as they need to ensure that both governance aspects are integrated and complementary. This will enable the CISO to better communicate with IT personnel, who may not be familiar with corporate drivers, and facilitate collaboration between IT and other organizational functions. By differentiating between corporate and IT governance, the CISO can help IT personnel understand the broader context and objectives of the organization, ensuring a more holistic approach to information security and risk management.
To Know more about corporate governance.
brainly.com/question/31749513
#SPJ11
solve pls
e) Which one of the followings is for 'end-of-life' product choices? 1. Repair, refurbishment, reuse 2. Recycle and landfill 3. All of above
Answers
The end-of-life product choices that involve repair, refurbishment, and reuse are for the following term: 1. Repair, refurbishment, reuse.
What are the "end-of-life" product choices? In the context of product choices, "end-of-life" refers to the point at which a product is no longer useful or functional, and must either be disposed of or recycled. At this point, the product's life cycle is complete, and it is no longer of use to its owner. This could be due to damage, wear and tear, or obsolescence. As a result, end-of-life product choices have emerged to help manage waste and promote sustainability. There are a variety of end-of-life product choices available, depending on the product in question and its specific requirements. Some common choices include Repair: This involves fixing a damaged or broken product so that it can continue to be used. This is an especially useful option for products that are expensive to replace or that have sentimental value.
Refurbishment: This is a more extensive version of repair that involves replacing or updating some of the product's components to extend its lifespan. This can be especially useful for items like computers or smartphones that can benefit from upgraded software or hardware. Reuse: This involves finding new uses for a product that is no longer needed in its original capacity. This could include donating it to a charity, selling it secondhand, or using it for a new purpose.
Recycle and landfill: When a product is no longer repairable, reusable, or refurbish able, it may need to be recycled or disposed of in a landfill. Recycling involves breaking down the product into its component parts and using those parts to create new products. A landfill involves burying the product in a designated area. Both recycling and landfill have a significant impact on the environment. Landfills take up space and can contaminate the surrounding soil and water with toxic chemicals. Recycling, on the other hand, requires significant amounts of energy and resources to process and transport recycled materials.
Learn more about end-of-life products-
https://brainly.com/question/29675174
#SPJ11
Match each type of tax with an example of its use.
Capital gains tax=15% charged on profits from selling commodities.
Sales tax= 8% charged on purchases of luxury goods.
Excise tax=20% tax charged on each pack of cigarettes
Those are the answers I just did the test and got it right
Answers
Answer: That is the correct answer for APΕX Explanation:
how does a competitive market determine the types of goods and services to produce, the costs to produce those goods and services, and who receives them?
Answers
With the support of the price system, the competitive market selects the sorts of goods and services to produce, the costs to produce those goods and services, and who receives them.
A price system is a system in economics that determines the valuations of any type of property (tangible or intangible). As a result of scarcity, all cultures employ price systems to allocate and exchange resources.
Even in a no-money barter economy, price systems are used to determine exchange ratios (relative valuations) between the properties being exchanged.
A price system can be regulated (such as a fixed price system) where prices are administered by an authority, or it can be free (such as a market system) where prices are allowed to float "freely" as decided by supply and demand without the involvement of an authority.
To know more about price system:
https://brainly.com/question/2396093
#SPJ4
Hunter Corporation uses activity-based costing to determine product costs for external financial reports. At the beginning of the year, management made the following estimates of cost and activity in the company's five activity cost pools:
(b) During the year, actual overhead cost and activity were recorded as follows: (i) Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit Accounts Payable). Post the entry to the company's Manufacturing Overhead T-account. (ii) Determine the amount of overhead cost applied to production during the year. (iii) Prepare a journal entry to record the application of manufacturing overhead cost to Work in Process for the year. Post the entry to the company's Manufacturing Overhead T-account. (iv) Determine the amount of underapplied or overapplied manufacturing overhead for the year.
Answers
The Labor Related activity rate is $7.5 per direct labor hours
The Production orders activity rate is $ 90 per order
The Material Receipts is $120 per receipts
The calculation is in tabular form so it is attached with this answer
What is activity rate ?
An activity ratio is a type of financial metric that indicates how efficiently a company is leveraging the assets on its balance sheet, to generate revenues and cash.
management and accounting departments. In other phrases, they're responsible for managing the overall economic front of the enterprise. read extra can use numerous interest ratios to gauge their performance. The maximum popular ratios are stock turnover and general assets turnover.
Learn more about activity rate brainly.com/question/13907459
#SPJ4
Edie uses television ads to defraud millions of people. She can most likely be charged with
Choose matching definition
a. Cyber fraud
b. Mail fraud
c. Embezzlement
d. Wire fraud
Answers
Based on the scenario provided, Edie's use of television ads to defraud millions of people suggests that she has used a form of electronic communication to perpetrate her scheme. As such, the most likely charge that Edie could face is wire fraud. The correct option is d.
Wire fraud is a federal crime that involves using electronic communication, such as email, telephone, or television ads, to intentionally defraud individuals or entities of money or property.
The use of electronic communication to perpetrate the fraud is what distinguishes wire fraud from other forms of fraud, such as mail fraud, which involves the use of the postal service.
If Edie is caught, she could face serious legal consequences, including fines and imprisonment.
It is important to note that the specific charge that Edie could face may depend on the jurisdiction in which the crime was committed and the specific details of the case. Therefore, the correct option is d.
To know more about wire fraud, refer to the link :
https://brainly.com/question/31538378#
#SPJ11
Do you think the NELK BOYS are clickbaiting sometimes?
Answers
Answer:
Ummm... yes
Explanation:
Answer: yes
Explanation: cuz they do it all the time
You take out a 30-year $130,000 mortgage loan with an apr of 6 nd monthly payments. in 15 years you decide to sell your house and pay off the mortgage. what is the principal balance on the loan?
Answers
If you decide to sell your house and pay off the mortgage after 15 years, the principal balance on the loan would be approximately $71,852.73.
To determine the principal balance on the loan after 15 years, we need to calculate the remaining balance based on the amortization schedule of the mortgage.
Since you have a 30-year mortgage with monthly payments, you have made 15 years' worth of monthly payments (180 payments).
To calculate the principal balance after 15 years, we can use an amortization formula. The formula is:
Remaining Balance = Principal * (1 + Monthly Interest Rate)^(Number of Payments) - (Monthly Payment * ((1 + Monthly Interest Rate)^(Number of Payments) - 1)) / Monthly Interest Rate
In this case, the principal is $130,000, the APR (annual percentage rate) is 6%, the monthly interest rate is (6% / 12), and the number of payments is 180.
Let's calculate the remaining balance:
Remaining Balance = $130,000 * (1 + (0.06 / 12))^180 - ($130,000 * ((1 + (0.06 / 12))^180 - 1)) / (0.06 / 12)
Using this formula, the remaining principal balance on the loan after 15 years is approximately $71,852.73.
Therefore, if you decide to sell your house and pay off the mortgage after 15 years, the principal balance on the loan would be approximately $71,852.73.
To learn more about, Interest rate, click here, https://brainly.com/question/28272078
#SPJ11
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
What is the term for the relationship between printer and paper?
Answers
Answer: an analogy i think printer is to paper as is pen is to ink
Explanation: one depends on the other
When a firm has __________, it can place more emphasis on other objectives.
Answers
When a firm has money or dollars , it can place more emphasis on other objectives.
What is Firm objectives ?
Profit maximization is a business firm's primary goal, according to the traditional theory of the firm. Price and output of a given product under perfect competition are decided with the only goal of maximizing profits, under the assumptions of given tastes and technology.
What does the company hope to achieve financially?
firm is to maximize the wealth of its owners." that the management's top priority is stockholder wealth maximization, which translates into boosting the price of the common stock. maximize the firm's value. The goal is to increase the stock price in trading and markets that are thought to be efficient.
Learn more about Firm objectives
brainly.com/question/28523896
#SPJ4
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
What is one characteristic of europe that positively affects its economy and how does that characteristic affect it?
Answers
Europe, much like the United States, is a free market economy based on the movement of capital.
What's an free market economy based on?
Free market economy is an economic system based on supply and demand with little or no government control. This is a summary of all voluntary exchanges that take place in a given economic environment.
What are the three elements of a free market economy?
In a market economy, producers decide what and how much to produce, what to charge customers for those goods, and what to pay their employees. (3) These decisions in a free market economy are influenced by competitive, demand and supply pressures.
To know more about Free Market Economy visit here:
https://brainly.com/question/797034?
#SPJ4
Product A's annual inventory turns is 8 and product B's annual inventory turns is 5. Which product spends more time in inventory on average?ABCannot be determined (could be either one)
Answers
Product B spends more time in inventory on average.
Product A's annual inventory turns is 8, and Product B's annual inventory turns is 5. To determine which product spends more time in inventory on average, we need to calculate the average time in inventory for each product.
Step 1: Calculate the average time in inventory for Product A
Average time in inventory for Product A = 365 days / Annual inventory turns
= 365 days / 8
= 45.625 days
Step 2: Calculate the average time in inventory for Product B
Average time in inventory for Product B = 365 days / Annual inventory turns
= 365 days / 5
= 73 days
Comparing the average time in inventory for both products, Product B spends more time in inventory on average.
Learn more about annual inventory here: https://brainly.com/question/28505351
#SPJ11
are good places to look to find your current expenses when building your budget.
A) Online research websites
B )Banks and credit unions
C)Bank and credit statements
D)Grocery stores and concerts
Answers
Answer:
C)Bank and credit statements
Explanation:
The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"
This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.
Hence, in this case, the correct answer is Bank and credit statement.
in which Step of production process are materials manipulated
Answers
Answer:
tread count
Explanation:
different sizes
Business analytics translates data into decisions to improve business performance through?
Answers
Answer: Quantitative tools, and Qualitative reasoning
Explanation:
Business analytics translates data into decisions to improve business performance through QUANTITATIVE TOOLS or techniques and QUALITATIVE REASONING and analysis.
Quantitative Tools (and Techniques):
The fundamental ideas that underlie quantitative analysis and business statistics can be thoroughly understood with the help of quantitative tools such as data mining and business formulas.Data pertaining to issues with business performance and process improvement are interpreted and evaluated by business analysts utilizing quantitative methodologies using percentages, numbers, or figures.Qualitative Reasoning (and Analysis):
Business data evaluation, commonly referred to as "soft-metrics," incorporates qualitative reasoning and qualitative analysis that is focused on the subjective region.According to this logic, a business analytics can possess characteristics that can NOT be measured or simply stated in terms of percentages, numbers, or figures. Instead, it can actually use the descriptive analysis.Learn how to explain the use of business analytics to improve the company’s goods or services: https://brainly.com/question/27674740
#SPJ4
A customer A LTD buys goods on credit from C LTD every month.On 20 January 2022 A LTD bought 200 cases with 10*20kg rice at a cost of $40 per case on credit. Draw up a purchase invoice for A ltd
Answers
Below is a Purchase Invoice for A Ltd.:
Purchase Invoice
Date: 20 January 2022
To: A LTD
Address: [insert address]
Product: Rice
Quantity: 200 cases
Unit: 10*20kg
Cost per case: $40
Total Cost: $8,000
Payment Terms: On credit
Thank you for your business.
Sincerely,
C LTD
What is a Purchase Invoice?A Purchase Invoice is a document that is sent from a supplier to a buyer to request payment for goods or services that have been purchased. It is a formal record of a transaction that outlines the details of the purchase, including the quantity and cost of the goods or services, any applicable taxes or discounts, and the payment terms.
Purchase Invoices are an important part of the purchasing process because they provide a record of the transaction and can be used for accounting purposes. They also help to ensure that both the buyer and supplier are on the same page regarding the terms of the purchase.
Learn more about Purchase Invoice here: https://brainly.com/question/30158840
#SPJ1
Sally earns graduated commission on her sales each month. she earns 6% commission on the first $45,000 in sales and 8% on anything over that. if sally had $51,000 in sales this month, how much commission did she earn? a. $4,080 b. $3,180 c. $3,060 d. $2,820 please select the best answer from the choices provided a b c d
Answers
The total commission is Option B. 3180.
An income commission is a sum of money paid to a worker upon of entirety of a challenge, normally promoting a sure amount of products or services. Employers once in a while use sales commissions as incentives to grow worker productivity. A commission can be paid further to an income or in preference to a salary.
earns 6% commission on the first $45,000
= $45,000 *8/100
= $2700
8% on anything over that. if sally had $51,000
= $51000 * 8/100
= $4080
Her commission earnings for $45.000 and for the amount she sold above $45.000 (in our case, 51.000 - 45.000 = 6.000).
So in total we have 6/100 * 45.000 + 8/100 * 6000
= 2700 + 480
= 3180.
Learn more about the commission here:-https://brainly.com/question/957886
#SPJ4
Disclaimer: your question is incomplete, please see below for the complete question.
a. $4,080
b. $3,180
c. $3,060
d. $2,820