Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $6. The smallest amount for which you would be willing to wash someone else's car is $3.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it?

Answers

Answer 1

Answer:

$2.50

Explanation:

The most you would be willing to pay to have a freshly washed car before going out on a date is $6

The smallest amount you would be willing to wash another person's car is $3.50

Therefore if you are going out and need to wash the car, the economic surplus that would be received from washing it can be calculated as follows

= $6 - $3.50

= $2.50

Hence the economic surplus that would be received from washing the car is $2.50


Related Questions

find two rational number between -3 and -2​

Answers

Answer:

-2.1 and - 2.89

They are rational numbers between - 3 and - 2

A(n) _____ is a measure, such as price or quantity, that can take on different values at different times.

Answers

Answer:

Variable

Explanation:

Given that, Variable is defined as a mathematical term that is often time used in business operation as well, to describe a form of value or cost that is not stable or permanent, which can change over a given period of time.

Hence, in this situation, the correct answer is " a VARIABLE is a measure, such as a price or quantity, that can take on different values at different times.

The marketing mix elements are called ________ because they are the responsibility of the marketing department in an organization.

Answers

Answer:

controllable factors

Explanation:

The marketing mix elements are called

controllable factors because they are the responsibility of the marketing department in an organization.

It should be noted that the marketing mix elements are are reffered to as controllable factors because the controllable factors are those steps or action that are taken in business to bring about development and to market the business products and services.

These controllable factors could be the price of the product/ services how the product is been promoted as well as places and others.

The knowledge and skills acquired by a worker through education and experience is a description of which factor of production? physical capital human capital labor entrepreneurship

Answers

Answer:

human

Explanation:

I took the test

Someone who likes building, designing, or creating things probably has a(n) _____. a. naturalistic learning styles b. bodily/kinesthetic learning style c. logical/mathematical learning style d. visual/spatial learning style Please select the best answer from the choices provided A B C D

Answers

Answer:

I assume D

Explanation:

A It tips me off of the idea from an naturalist style,  belief that only natural laws

so this would go against the construction of man kind and society which is the opposite answer we want

b doesn't seem to be the answer as if " learning takes place by the students carrying out physical activities, rather than listening to a lecture or watching demonstrations."  this is a student basically, instead sitting and listening they get to learn by doing activates

C logical and mathicals ways is different from designs and the artistic way of building this seems to be in a career for maybe a bank teller or a teacher

also I tested this on the answering sheet myself and it was correct

A. b. bodily/kinesthetic learning style more accurately describes someone who likes building, designing, or creating things.

Unlike a naturalistic learning style that encourages learning in a natural environment, the bodily/kinesthetic learning style relies on hand movements.

The bodily/kinesthetic learning style is different from a logical/mathematical style because, in the latter, the reliance is on making connections and patterns with numbers.

Lastly, the bodily/kinesthetic learning style is preferred by the person who likes building, designing, or creating things to the visual/spatial learning style, which encourages learning using visual aids.

Thus, the person who likes building, designing, or creating things has a bodily/kinesthetic learning style.

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The manager of a company notices that the company's total revenue would increase if she raised the price of the company's product. Accordingly, the manager can assert that the demand for the company's product is:

Answers

Answer:

The answer is inelastic.

Explanation:

Elasticity is the degree of responsiveness of a change in one variable to a change in the other variable.

A good ir service is said to be inelastic if the change in quantity demanded is negligible when the price of the goods or services change i.e the change is not sensitive to price. Mostly, the goods or services in this category are considered to be a neccesity. So if the price increases, consumers will have no choice than to buy it.

An IRA uses immediate annuities to pay out benefits; the IRA owner is nearly 75 years old when he decides to collect distributions. What kind of penalty would the IRA owner pay?

Answers

Answer:

50% tax on the amount not distributed as required

Explanation:

In this specific scenario, the individual will have to pay a penalty of 50% tax on the amount not distributed as required. This is mainly due to the fact that traditional IRA accounts require that distribution of benefits must begin no later than age 70½ if immediate annuities are used to pay for them. Failure to do so would have a consequence of a 50% tax on the undistributed amount, and must be paid by the owner of the account.

2 of
Select the cluster in which each pathway belongs
Pathways
Network
Systems
Accounting
Production
Transportation
Operations
Finance
o
O
Manufacturing
o
Information Technology
O
O
o
Transportation
Distribution, & Logistics
o
o
O
o
hp

Answers

Answer:

Explanation:

I took the test

The cluster in which each pathway belongs. The following columns are there.  Finance -  Accounting

What is accounting?

The process of gathering, compiling, and reporting information on business and accounting transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.

Manufacturing - Production

Information Technology - Network Systems

Transportation Distribution, & Logistics -  Transportation Operations

The clustering is the task of dividing the data point by the number of groups. The data point in the same groups is more similar, To other data points in the same groups.

Therefore, The cluster in which each pathway belongs is placed.

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Phil and Jake are 16 and 14 years old respectively, $9150 isshared between them in the ratio of their age , how much does Phil get? ​

Answers

age ratio => Phil : Jake

16 : 14

( 16+14 = 30 ) units = $9150

1 unit = $9150 ÷ 30

16 units = ( 9150 ÷ 30 ) × 16

= $ 4880

Therefore, Phil gets $4880

Agent Harriet Walker has recently begun marketing Medicare Advantage and related products aimed at meeting the needs of senior citizens. Client Mildred Jones has expressed interest in a Medicare Advantage plan. It is now the beginning of September. If you were in Agent Walker's position, what would you do?

Answers

Answer:

Inquire whether the client qualifies for a special enrollment period, and if not, solicit an enrollment application once the annual open enrollment election period begins on October 15th.

Explanation:

In this scenario where Agent Harriet Walker is marketing Medicare Advantage and related products aimed at meeting the needs of senior citizens.

If Client Mildred Jones has expressed interest in a Medicare Advantage plan and it is now the beginning of September.

The best action is to enroll her of she qualifies for special enrollment period.

If she is not qualified she should solicit an enrollment application once the annual open enrollment election period begins on October 15th.

Harriet should keep engaging Mildred's interest till 15th October.

Bill owns Jurisprudence Employers, Inc., a legal staffing company and employs George. One day Bill instructed George to falsify billing records for several clients, in order to inflate the profits for the company. If George is charged for fraud, what liability, if any does Bill have?

Answers

Answer:

Bill is also equally and somewhere more liable as he is the employer.

Explanation:

Although in records it might seem that George did the falsify act, but for that he required the permission of his employer.

When the fact is clearly stated that George did this on direction of his employer Bill, and that Bill demanded this intentionally in order to present extra profits, he is more liable for this false act.

As George is the employee, he is bound  to follow the directions of his employer. Thus Bill is crucially liable for this act, as he is an important reason for this act.

Do non-profit businesses make a profit ?

Answers

Answer:Yes

Explanation:

According to the text, what are the skills used by managers when performing the four functions of management?

Answers

Answer:

Conceptual, human, and technical

Explanation:

Human skill is the skill that required for do the work with the people.

Technical skill is the skill that contains the knowledge in related subjects or activity

And, the conceptual skill is the skill where the new ideas are implemented

So in order to perform the four functions of management, all the three above skills are required i.e. conceptual, human and technical

In a new margin account, a customer buys 300 shares of ABC at $40 per share, 100 shares of the Ajax Mutual Fund at $24, and 10 PDQ Aug 30 calls at 4. The customer will receive a margin call for:_______.
a. 12,400.
b. 10,800.
c. 9,200.
d. 4,400.

Answers

Answer: 12400

Explanation:

It should be noted that 50% of the stick value will be paid by the customer and also 100% of the mutual fund shares value will also be paid because they are nonmarginable securities.

Therefore, 50% of $12,000 = $6,000

Total payment required will now be:

= $6,000 + $2,400 + $4,000

= $12,400.

The triple bottom line "people/social" and it's relationship with social responsibility

Answers

Answer:

TBL was proposed by Elkington. But there is difficulty in measuring social and environmental bottom line.

Explanation:

Triple bottom Line (TBL)  in economics is the line that focus on the relationship on social and environmental concern. In TBL there are three bottom line that is people, profit, and planet. This term Triple Bottom Line was coined by John Elkington in 1994.

His main aim was to measure the performance of people in America. According to this idea it is possible to maintain both economy and environment. It can improve the lives of people as well can save the environment. It can be called a full time cost business. It is like Planet + People = Environmental responsibility + Social.

According to TBL if a company does not pay attention on how to interact socially but only focuses on business, it will not account full business.

The triple bottom line is a concept that states that rather than firms to focus on making profit as sole of operation, they should also commit their impact to the social and environment sphere.

The triple bottom line is divided into 3 according to importance to be given:

People / Social impactPlanet / Environmental impactProfit / Financial impact.

In conclusion, the business concept posit that firms should ensures that its impact are felt in any social and environmental circle around the world.

Learn more about triple bottom line here

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Panner, inc., owns 30 percent of watkins and applies the equity method. During the current year, panner buys inventory costing $93,100 and then sells it to watkins for $133,000. At the end of the year, watkins still holds only $21,400 of merchandise. What amount of gross profit must panner defer in reporting this investment using the equity method?

Answers

Answer:

Company P should defer $1,926 of unrealized profit in reporting the investment using equity method.

Explanation:

Gross Profit Percentage = Revenue - Cost of goods sold / Revenue

Gross Profit Percentage = $133,000 - $93,100 / $133,000

Gross Profit Percentage = 0.3

Gross Profit Percentage = 30

Unrealized Intra-entity Gross profit = (Remaining ending inventory * Gross profit percentage) * Investor's ownership percentage

Unrealized Intra-entity Gross profit = ($21,400 * 30%) * 30%

Unrealized Intra-entity Gross profit = $6,420 * 30%

Unrealized Intra-entity Gross profit = $1,926

Company P should defer $1,926 of unrealized profit in reporting the investment using equity method.

According to low estimates, we see advertisements every _____ minutes.

Answers

Answer:

4

Explanation:

Its every 4 mins we see ads

Funds that adjust the asset allocation weights in the portfolio to match the needs of an investor who is nearing retirement are known as

Answers

Answer:

Target date funds.

Explanation:

Funds that adjust the asset allocation weights in the portfolio to match the needs of an investor who is nearing retirement are known as target date funds. This is achievable because it can mix up several types of investments, bonds and stocks, which allows the investor to take more risks at a younger age or work in service and move to a more conservative investment with respect to the target date.

examples of frictional force

Answers

Explanation:

I hope this would be the right answer....

Your uncle the banker offers to lend you $25,000 to start a new business. You will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment of $10,000 at the end of Year 4. What annual interest rate is built into this loan?

Answers

Answer:

Annual interest rate = 6%

Explanation:

Amount of loan = $25,000

The total amount repaid:

($7,000 × 3 years) + ($10,000 balloon payment)

= (7,000 × 3) + (10,000)

21,000 + 10,000 = $31,000

Interest on payment = repayed amount - loaned amoun

Interest on payment = 31,000 - 25,000 = $6,000

Let the total percentage on the loaned amount be x

Therefore we are looking for what percentage rate of the loaned amount ($25,000) will give the interest of $6,000

x % of 25,000 = 6,000

[tex]\frac{x}{100} \times\ 25,000 = 6,000\\\frac{25,000x}{100} = 6,000\\25,000x = 600,000\\x = \frac{600,000}{25,000}\\x = 24[/tex]

Therefore the total percentage interest rate = 24%

Annual interest rate = Total interest rate ÷ number of years

Annual interest rate = 24 ÷ 4 = 6%

∴ Annual interest rate = 6%

Select the correct answer.

Which pyramid model revolves around the different types of data, knowledge, and information that an organization processes at different levels?

A.

six-level

B.

four-level

C.

three-level

D.

five-level

Answers

Answer:

ans is c three

level pyramid

The statement used to predict future profitability and a company's future cash-generating ability is the

Answers

Answer:

Income statement

Explanation:

As seen in the question above, Income statement can be defined as a statement used to predict or project the profitability of a company and its future. It is sometimes called cash flow statement.

In simpler terms, the income statement is a document that shows how much a

company will make over a certain period.

Cheers

Which sentence describes a cooperative organization?

Answers

Answer:

Cooperative organizations are organizations voluntarily formed by a group of people who have the same ideas of meeting certain economic goals. Cooperative organizations are manned democratically meaning choosing leaders is a democratic will.

The person who believed that management must do more to improve the work environment and processes so that quality can be improved was

Answers

Answer:

W. Edwards Deming

Explanation:

The person who believed that management must do more to improve the work environment and processes so that quality can be improved was

W. Edwards Deming

W. Edwards Deming who is a management consultant from America that believe in system theory that all organization has different components that works together to achieve a goal in the organization.

Question in picture.

Answers

1. The answer to this question or the picture is number one
The first one is the answer

Which department handles the task of finding vendors that will provide goods at the best prices?

Answers

Purchasing mangers or purchasing agents

A well-designed organization is one in which employee incentives are aligned with: a. organizational design. b. the rational-actor paradigm. c. corporate incentives. d. organizational goals.

Answers

Answer:

The answer is D.

Explanation:

In order to have almost the same vision or targets as the shareholders, employee incentives must aligned with corporate goals. If this is not done, most employees will be working for their individual set target which might not be the target of the owners of the business (shareholders).

One of the incentives can be share options. Employee having shares of the company and with this, the employees might be motivated to work towards increasing the share price.

describe the color white to a blind person

Answers

The color white it’s a color that starts every other color that you know

lyssa can create 20 slides per hour. For other activities, she can bill clients $400 per hour. Alyssa’s opportunity cost of creating slides is

Answers

0Answer:$20

Explanation:$400 ÷ 20:slides = $20 per:slide

Performance efficiency is a(n) Type your answer here _ measure of resource cost associated with goal accomplishment.

Answers

Answer:

input

Explanation:

Performance efficiency is an input measure of resource costs associated with goal accomplishment.

Note, when we say "the resource costs associated with goal accomplishment" we are referring to those factors that contribute to the profit of a business, such as, the cost of labor, how efficient are the equipment utilized, etc.

Performance efficiency is the measurement tool that measures the actual output of the products based upon the cost of the product, labor, overheads, and many more factors. It is the ability to use the resources of the organization effectively and efficently.

The correct answer for the blank is input

Reason:

The resource cost associated with the goal accomplishment means these are the main resources that majorly contribute towards the profit of the business. The main resources are:

cost of laborthe efficiency of the equipment utilized.

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