Chad paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Chad’s friend Sam learns that Chad bought a potato cannon, he asks Chad if he will sell it for $65, and Chad agrees. Sam is thrilled, because he would have paid Chad up to $80 for the cannon. Chad is also delighted. Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon. Marcus’s original consumer surplus:$ Marcus’s producer surplus from the resale:$ Starling’s consumer surplus from the resale:$ Total surplus generated from the resale:$
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Business, 21.06.2019 20:30, Rocket3138
If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.
Answers: 2
Business, 22.06.2019 02:30, maddielr17
Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be
Answers: 1
Business, 22.06.2019 08:50, cmflores3245
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.
Answers: 2
Chad paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willi...
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