Calculate producer surplus for each producer when the price is $20. Instructions: Round your answers to the nearest whole number, Seller Producer surplus Willingness to sell one unit 21 А $ 0.00 B C $ $ 0.00 30 14 $ $ 12 D E F G 51 $ 0.00 23 $ 0.00 Total producer surplus at this price is
Answers
The producer surplus for each producer when the price is $20 is as follows: Producer A: $0, Producer B: $0, Producer C: $10, Producer D: $0, Producer E: $7, Producer F: $0, Producer G: $3. The total producer surplus at this price is $20.
Producer surplus represents the difference between the price at which a producer is willing to sell a unit of a good and the actual price they receive. To calculate the producer surplus for each producer, we need to find the difference between their willingness to sell (reservation price) and the market price of $20.For Producer A and Producer B, their willingness to sell is below the market price, so their producer surplus is $0.Producer C is willing to sell at a price of $30, which is $10 higher than the market price.
Thus, their producer surplus is $10.Producer D, F, and G have a willingness to sell equal to the market price, so their producer surplus is also $0.Producer E is willing to sell at a price of $23, which is $3 lower than the market price. Therefore, their producer surplus is $7.Adding up the individual producer surpluses, we have $0 + $0 + $10 + $0 + $7 + $0 + $3 = $20. Therefore, the total producer surplus at the price of $20 is $20.
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Related Questions
ECON please answer this question ASAP
Answers
Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answers
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
The percentage change in prices over time. This is a key indicator of the cost of
O Growth
O Recession
O Inflation Rate
O Unemployment Rate
Answers
While the corporate developer of a condominium was properly in control over the condominium association, the association entered into a contract with a subsidiary of the developer to provide maintenance services to the condominium for 10 years. The contract commits the association to pay a modest, but not unconscionable, amount in excess of the fair market value of such services. The contract also provided a substantial penalty in the form of a valid liquidated damages provision for cancellation of the contract prior to its termination. Once control of the association is turned over to the unit owners other than the developer, can the association cancel this contract without penalty?
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Once control of the association is turned over to the unit owners other than the developer, the association may have the ability to cancel the contract with the subsidiary of the developer without penalty.
However, this would depend on the specific terms and conditions outlined in the contract itself, as well as any applicable laws or regulations governing condominium associations and contracts. It is advisable for the association to consult legal counsel or seek professional advice in order to fully understand their rights and obligations regarding the cancellation of the contract. It is advisable for the association to seek legal counsel or professional guidance to ensure a comprehensive understanding of their rights and obligations. Consulting with experts will help the association assess the contractual provisions, potential penalties, and any legal requirements that must be fulfilled in order to terminate the contract without facing adverse consequences. Taking such measures will protect the association's interests and ensure compliance with applicable regulations.
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the difference between the cost of bringing goods into the store and the selling price to the consumer is the margin. True or false?
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The given statement, "the difference between the cost of bringing goods into the store and the selling price to the consumer is the margin" is True.
The Margin is the difference between the Cost of Goods Sold (COGS) and the selling price of a product or service. In simple terms, Margin is the difference between the amount of money that a company earns from selling a product and the amount of money that the company spent to produce it.
Margin is calculated by subtracting the COGS from the revenue (selling price) of a product or service.Therefore, the difference between the cost of bringing goods into the store and the selling price to the consumer is the margin. The higher the margin, the more profit a company can make from selling its products or services. A company can increase its margin by either increasing the selling price or by decreasing the cost of producing the product.
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The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day. Do you expect to have to throw out any milk?
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Explanation: You will throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.
Answer:
B
Explanation:
Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answers
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.When are conflict resolution skills required in the consumer service industry?
A. When the customer service representative is following up with a customer after their Issue has been resolved.
B. When the customer service representative has personally offended the customer
C. Any time a customer requires assistance from a customer service representative.
D. When the customer is not in a frame of mind to begin the assessment phase of customer service.
Answers
Answer:
C
Explanation:
..
Answer:
When the customer is not in a frame of mind to begin the assessment phase of customer service.
Explanation:
These investors earn returns from receiving dividends and from stock price appreciation.
A. bondholders
B. stockholders
C. investment bankers
D. managers
Answers
One who holds at least one share of a company's capital stock is referred to as a stockholder, shareholder, or stockholder. The majority of the owners of a company are its stockholders, who often benefit from its success in the form of rising stock prices.
The correct answer is option B. Stockholders.
One who owns stock in a corporation is referred to as a stockholder. Shareholders own a portion of that business. If you own stock in the newest, greatest, most stable new start-up business, your shares are undoubtedly very valuable. People who own shares in a corporation, or who hold stocks, are said to be stockholders.
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A formal report may be defined as a document in which a writer _____ to solve a problem. Formal reports present _____ to decision makers in business, industry, government, and education.
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A formal report may be defined as a document in which a writer analyses findings to solve a problem.
Formal reports present organized information to decision makers in business, industry, government, and education.
What is formal report?A formal report was the accurate in the data. It was the used in the public and the private sector. It was the observation of the formal report. It was to determine the analysis and they solve the problem.
A formal report was the particular type of the document. It was the analyses of information, determine the conclusions, and the advices to solve problems. It was proper in the way of the organized information to decision makers in the government, education, industry, and the business.
As a result, the significance of the formal report are the aforementioned.
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You have $500,000 to deposit in a bank account. What should you do with this deposit to be certain it is insured?
A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.
B.
Deposit all of the money in one savings account in a commercial bank.
C.
Deposit all of the money in one checking account in a commercial bank.
D.
Split it in half and deposit it in two separate savings accounts at different brokerage firms.
Answers
The correct answer for plato users is option A
Explanation:
I just took the midterm and this was the correct option, please give brainly :)
The correct option is A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.
Can direct deposit go to two different banks?Typically, yes. In fact, many direct deposit programs allow you to split your payment between savings and checking accounts at different banks. You'll just need to add your banks' routing numbers, your account numbers and the account type for each.
How do I split up my savings?The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.
Why is it important that your deposit is insured?Deposit insurance provides three important benefits to the economy:
It assures small depositors that their deposits are safe, and that their deposits will be immediately available to them if their bank fails.
It maintains public confidence in the banking system, thus fostering economic stability.
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What are two responsibilities of a Lean-Agile Center of Excellence? (Choose two. )
To help establish relentless improvement
To coordinate Portfolio Level events
To lead Inspect and Adapts events
To implement a new organizational structure
To foster SAFe Communities of Practice
Answers
Two of a Lean-Agile Center of Excellence's duties are: To promote continuous progress, SAFe Communities of Practice should be promoted.
A focused group inside an organisation known as a Lean-Agile Center of Excellence is in charge of promoting and assisting in the adoption of Lean-Agile concepts, methods, and principles. A Lean-Agile Center of Excellence's main objective is to make sure that the firm can continuously enhance its business processes and produce better results. This entails assisting teams with coaching and direction, enabling the adoption of fresh approaches, and promoting an innovative and lifelong learning culture. A Lean-Agile Center of Excellence is also in charge of overseeing Inspect and Adapts events, supporting SAFe Communities of Practice, and organising Portfolio Level events. Organizations can increase their capacity to adjust to shifting market conditions, deliver value to consumers more successfully, and accomplish these goals by building a Lean-Agile Center of Excellence.
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In a five paragraph essay compare the role of citizens in the federal government, and in your state and local governments. Be sure to include: a. Criteria for membership as a citizen b. Different types of elections c. Civic responsibilities and duties
Answers
Answer:
I think it's C)
Explanation:
In a resource-constrained project the third priority in assigning resources is usually given to activities with the
A. Smallest duration
B. Least slack
C. Most slack
D. Lowest identification number
E. Highest cost
Answers
In a resource-constrained project, the third priority in assigning resources is usually given to activities with the D. Lowest identification number
What is a project?Simply put, a project is a set of tasks that must be completed in order to achieve a specific goal. A project can also be defined as a collection of inputs and outputs necessary to achieve a specific goal.
When project managers do not have enough resources to meet the demands and outcomes of a project, resource constraints occur. A project may be constrained by a lack of human resources, materials, equipment, or funds.
In a resource-constrained project, activities with the lowest identification number are assigned third priority.
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15. Business-Depreciation. A farmer buys a new tractor for $157,000 and assumes that it will have a trade-in value of $82,000 after 10 years. The farmer uses a constant rate of depreciation (commonly called straight-line depreciationone of several methods permitted by the IRS) to determine the annual value of the tractor. (A) Find a linear model for the depreciated value V of the tractor t years after it was purchased. (B) What is the depreciated value of the tractor after 6 years? (C) When will the depreciated value fall below $70,000 ? (D) Graph ∨ for 0≤t≤20 and illustrate the answers from parts (B) and (C) on the graph.
Answers
(A) The linear model for the depreciated value V of the tractor t years after it was purchased is V(t) = -7,500t + 157,000.
To find the linear model for the depreciated value of the tractor, we need to determine the rate at which it depreciates each year. The farmer assumes a constant rate of depreciation, which means the value decreases by the same amount each year.
We can calculate the depreciation rate by subtracting the trade-in value from the purchase value and dividing it by the number of years. In this case, the depreciation rate would be (157,000 - 82,000) / 10 = 7,500.
Since the tractor depreciates by $7,500 each year, we can express its value as a linear function of time. The general form of a linear function is y = mx + b, where m is the slope and b is the y-intercept. In this case, the slope (m) is -7,500 (negative because the value decreases), and the initial value (b) is 157,000.
Therefore, the linear model for the depreciated value V of the tractor t years after it was purchased is V(t) = -7,500t + 157,000.
To answer part (B), we substitute t = 6 into the linear model equation and solve for V(t). V(6) = -7,500 * 6 + 157,000 = $112,000. Therefore, the depreciated value of the tractor after 6 years is $112,000.
To answer part (C), we set V(t) = 70,000 and solve for t. -7,500t + 157,000 = 70,000. Simplifying the equation, we get -7,500t = -87,000, and dividing by -7,500, we find t = 11.6. Therefore, the depreciated value will fall below $70,000 after approximately 11.6 years.
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Blackrock is an example of which type of shareholder?
Group of answer choices
institutional
supplier
stakeholder
organizational
Answers
Blackrock is an example of institutional shareholders. Pension funds, mutual funds, hedge funds, endowments, investment consultants, banks, and insurance companies are examples of institutional shareholders.
Institutional shareholders are financial organizations that purchase shares of other companies. This is their primary business. For the most part, they engage in trades of enormous volumes of shares. These investors own a significant proportion of a company's outstanding shares, giving them significant influence over corporate governance decisions and other matters.
Institutional shareholders include pension funds, mutual funds, hedge funds, endowments, investment advisors, banks, and insurance companies. They work in the financial industry, often providing investment management services to their clients, and typically have a long-term investment horizon. They are mostly focused on creating long-term value for their clients.
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Your credit score says most companies will loan you money at ten percent
interest. A company agrees to loan you money at twenty percent interest. This is
an example of what?
O A. An example of a good deal for you.
OB. Risk Based Financing.
O c. Businesses best practices.
OD. Predatory Lending.
Answers
Answer:
OD. Predatory Lending.
Explanation:
Predatory lending is any lending practice that imposes unfair and abusive loan terms on borrowers, including high interest rates, high fees, and terms that strip the borrower of equity. Predatory lenders often use aggressive sales tactics and deception to get borrowers to take out loans they can't afford
Emerald inc. Sells a particular textbook for $20. Variable expenses are $15 per book. At the current volume of 50,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:.
Answers
The annual fixed expenses associated with the textbook total $250,000.
What is the annual fixed expenses associated with the textbook total?To determine the annual fixed expenses associated with the textbook, you need to calculate the total expenses at the current volume of 50,000 books sold per year. This can be done using the following formula:Total expenses = Fixed expenses + Variable expenses x Number of books soldSince the company is just breaking even, this means that the total expenses equal the total revenue:Total expenses = Total revenueSubstituting the given information:Fixed expenses + Variable expenses x Number of books sold = Revenue per book x Number of books soldFixed expenses + $15 x 50,000 = $20 x 50,000Solving for fixed expenses:Fixed expenses = ($20 x 50,000) - ($15 x 50,000)Fixed expenses = $1,000,000 - $750,000Fixed expenses = $250,000Therefore, the annual fixed expenses associated with the textbook total $250,000.To learn more about Annual expenses refer:
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inventory is added to the inventory records after all of the following are reconciled, except the a.receiving report. b.purchase order. c.sales invoice. d.vendor's invoice.
Answers
Inventory is added to the inventory records after all of the following are reconciled, except the sales invoice.
A sales invoice is an accounting form that a supplier of goods or services sends to a customer. It keeps track of the goods and services delivered as well as the money owing by the client and the available payment options. Between businesses and customers, particularly for larger purchases, invoices establish legally enforceable agreements.
Businesses produce invoices to request payment from customers at the conclusion of the sales process. Invoices are created at delivery or right away after for the majority of businesses. While some still utilize snail mail, most invoices today are sent by email or through billing software. This program frequently automatically notifies the business and the client when the invoice has changed, keeping both parties informed.
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Fancy bags co. Prepaid 5 months of rent on april 1. Monthly rent costs $1,000. What is the balance in prepaid rent at the end of may after adjusting entries are recorded?.
Answers
Rent Expense 1,000 Cr. Prepaid Rent 1,000.
How is rent calculated?The rent that landlords demand typically ranges from 0.8% to 1.1% of the value of the property. A landlord might charge between $2,000 and $2,750 per month for a house worth $250,000. It's recommended to charge rent that is close to 1% of your home's value if it is worth $100,000 or less.
Who invented Rent?In economics, the word "rent" was first used by David Ricardo. It refers to the payment made to a production factor that is greater than what is necessary to maintain that factor's current use. So, for instance, if my current work pays me $150,000 but I would stay there for any income over $130,000, I am making $20,000 a month in rent.
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What do most states use as a general guideline for punitive damages?
A.Four times the amount of special damages
B.One half of the amount paid for proven damages
C.Ten times the amount of special damages
D.An amount equal to special damages
Answers
Answer:
four times
Explanation:
just answered
Answer:
A. Four times the amount of special damages
Explanation:
brisco bricks purchases raw material from its foreign supplier, bolivian clay, on may 8. payment of 2,000,000 foreign currency units (fc) is due in 30 days. may 31 is brisco's fiscal year-end. the pertinent exchange rates were as follows: how much foreign exchange gain or loss should brisco record on may 31? $2,520,000 gain. $20,000 gain. $20,000 loss. $80,000 gain. $80,000 loss.
Answers
Brisco bricks purchase raw materials from its foreign supplier, Bolivian clay, on May 8. payment of 2,000,000 foreign currency units (FC) is due in 30 days. Brisco should record $5,000 gain.
What are foreign currency units?Generally, To determine the foreign exchange gain or loss that Brisco should record on May 31, you will need to compare the payment due on May 8 to the payment that Brisco actually made on May 31, using the exchange rates on those dates.
If the payment due on May 8 was 2,000,000 foreign currency units (FC) and the exchange rate on May 8 was $1.00 = 100 FC, then the payment due in US dollars would be 2,000,000 FC / 100 FC/$1.00 = $20,000.
If the exchange rate on May 31 was $1.00 = 80 FC, then the payment due on May 31 in US dollars would be 2,000,000 FC / 80 FC/$1.00 = $25,000.
Therefore, the foreign exchange gain or loss that Brisco should record on May 31 is $25,000 - $20,000 = $5,000 gain.
So the correct answer is: $5,000 gain.
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Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answers
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
its the mickey mouse slaughterhouse u come inside ur bloods inside
Answers
Answer:
I think the answer is D I'm pretty sure that's what I put
Explanation:
because why not
Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65
Answers
Answer: C
Explanation: Trust me
Expanding Access to Capital for Rural Job Creators Act.
Answers
The Expanding Access to Capital for Rural Job Creators Act would require the Securities and Exchange Commission to submit an annual file on the capital challenges rural small groups face and enable Congress to decide if legislative action is needed.
Expanding Access to Capital for Rural Job Creators Act.U.S. Congressman Henry Cuellar’s (D-TX-28) bipartisan Expanding Access to Capital for Rural Job Creators Act handed in the House of Representatives. Congressman Alex X. Mooney (R-WV-2), Congressman Chris Pappas (D-NH-1), and Congresswoman Teresa Leger Fernandez (D-NM-3) co-sponsored the Act to survey the issues small groups in rural areas face when attempting to get right of entry to capital.
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In words, NPV is: Select one: O a. the sum of all of a project's positive cash flows O b. the sum of all of a project's cash flows, except the "time 0" cash flow C. the sum of all of a project's cash
Answers
In words, NPV is: b. the sum of all of a project's cash flows, except the "time 0" cash flow
What is NPV?The net present value (NPV) of an investment is the present value of its total worth over its entire lifespan. This is determined by applying a discount rate to account for the time value of money.
The NPV equation is frequently utilized in the fields of investment banking and accounting to assess the potential profitability of an investment, project, or enterprise over an extended period of time. The Net Present Value (NPV) serves as a financial measure that is employed to assess the profitability of a certain investment or venture.
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a market is said to be in equilibrium when group of answer choices demand is fully satisfied at all alternative prices. the buying intentions of all consumers are realized. the quantity demanded equals the quantity supplied. the supply intentions of all sellers are realized.
Answers
A market is said to be in equilibrium when group of the quantity demanded equals the quantity supplied.
Demand is the quantity of goods or services that consumers are willing and able to purchase at a given price over a given period of time. Quantity demanded is the number of goods or services that people buy at a particular price at a particular time.
Demand is the number of goods that people are willing to buy at a particular price at a particular time. Description: Different quantities can be requested at different prices at any given time.
Demand is the desire, willingness and ability of consumers to pay a specific price for a product or service within a specific period of time. Businesses can use it to determine the supply they need and set the price of the item.
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"To increase the welfare of producers, a subsidy is always
better than a price floor". Explain the validity of the statement
in 500 words and support with suitable diagram(s).
Answers
A subsidy is always preferable to a price floor in increasing the welfare of producers. However, this assertion is not universally valid and depends on specific market conditions and the objectives of the policy.
The validity of the statement depends on the context and goals of the policy. A subsidy directly provides financial assistance to producers, effectively lowering their costs and increasing their profitability. This can stimulate production, encourage investment, and support producers' welfare. In contrast, a price floor sets a minimum price that must be paid for a product. While it may protect producers from low prices, it can lead to surplus production and create inefficiencies in the market.
The diagram below illustrates the effects of a subsidy and a price floor on the supply and demand equilibrium in a market:
In the diagram, the initial equilibrium is represented by the intersection of the supply (S) and demand (D) curves. When a subsidy is implemented, the supply curve shifts downward by the amount of the subsidy, resulting in an increase in quantity supplied (Q1 to Q2) and a decrease in price (P1 to P2). This benefits producers by reducing their costs and increasing their revenue.
On the other hand, implementing a price floor sets a minimum price (Pf) above the equilibrium price. This leads to a decrease in quantity demanded (Q1 to Q3) and an increase in quantity supplied (Q1 to Q4). The surplus (Q4 - Q3) represents excess production that is not demanded by consumers, which can result in wasted resources.
While the subsidy generally appears more favorable for producers' welfare, it is important to consider the broader consequences and potential distortions caused by both policies. Market conditions, the elasticity of supply and demand, and the overall goals of the policy should be taken into account when determining the most appropriate approach to support producers' welfare.
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the aggregate demand curve is downward sloping because as the price level increases the
Answers
Because the wealth effect, the interest-rate effect, and the exchange-rate impact all increase demand for goods and services when prices fall, the aggregate demand curve slopes downward.
What are Exchange Rates?The indirect effects of exchange rates and their variations affect many more significant areas of our economy lives, including how long it takes to find employment, where we can afford to live, and when we may retire. Exchange rates have a significant impact on the economy both immediately and over a lengthy period of time. The costs you pay for imported goods are greatly influenced by exchange rates. The cost of purchasing imported items will typically increase dramatically if the home currency is weaker. The price of imported items may thus be somewhat lower with a stronger economy currency.
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