Using your own words, explain the concepts of Consumer and Producer Surplus. Include one example in your explanation.

Q: Suppose that you are thinking about buying a car and have narrowed down your choices to two options.…

A: Given that the new car costs $29000 and can be financed with a five-year loan at 5.46%. So, the…

Q: Suppose you are playing soccer and run head-on into the goalie. As a result of the collision you…

A: Total bill of hospital = $5280 According to the payment structure of health insurance policy, we…

Q: Approximately a little more than one-third of the funds are fewer than one-third are risk, about…

A: The pie chart shows the risk of the bound funds.

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A: Given supply equation and unit price is  p=10+2q, p-=18

Q: Calculate the producers' surplus for the supply equation at the indicated unit price  p.  HINT [See…

A: see 2nd step.

Q: Some Democrats called for doubling the federal minimum wage. In response, a Republican says, “The…

A: Premise and Conclusion: The Democrats think that everyone should have the same income.

Q: list price : $21.89 trade discount rate : 18% what is the trade discount and what is the net…

A: Here we have given list price and trade discount rate . We have to calculate trade discount and net…

Q: Suppose that you are thinking about buying a car and have narrowed down your choices to two options.…

A:

Q: The Astronomical Telescope shop plans to introduce a new model based on the following information:…

A: The Astronomical Telescope shop plans to introduce a new model based on the following information:…

Q: Some workers are required to pay 4 and half percent of their salaries into a provide fund.how much…

A: Monthly salary of a worker = ghc 8 Amount of provide fund to be paid is 4.5% of salary

Q: Decide whether the following statement makes sense​ (or is clearly​ true) or does not make sense​…

A: The saving plan formula for a regular payment amount of $P at an interest rate of r% for t years…

Q: You are going on a vacation that will cost $7,500. You plan to pay for it using an installment plan…

A: The total cost for the tour is $7500 but the finance required is only $1200.

Q: Decide whether the following statement makes sense​ (or is clearly​ true) or does not make sense​…

A:

Q: Identify a suitable example for semi-variable cost from the following? a. Raw material costs b. Land…

A: Identify a suitable example for semi-variable cost from the following? a. Raw material costs b. Land…

Q: State whether the following statement is true or false, and explain why. If the statement is false,…

A: Given You receive a pay raise of 8%, followed later by a pay cut of 8%.  After the two changes in…

Q: You are considering two job offers: a full-time permanent position that pays $58,000 annually and a…

A: We have to take, there is five days working and working hours is 8 hours. Given, Full-time permanent…

Q: Liabilities for your project are $120,000, and assets are only $100,000.   What is the Working…

A: Working capital ratio is the ratio of assets and liabilities.

Q: Suppose that you are thinking about buying a car and have narrowed down your choices to two options.…

A: Given query is to find the difference between the monthly payment between the both car options.

Q: Use the information in the table below to answer: GDP at market prices R397bn Net primary income…

A: Gross domestic product at market prices: GDPMP is the sum of the gross values added of all the…

Q: Can you help me in part B? I

A: We need to figure out what will be the cost in 2025.

Q: In his The New York Times op-ed on January 29. 2018, Paul Krugman wrote: "Like Bitcoins, $100 bills…

A: Given below clear explanation

Q: Suppose that you are thinking about buying a car and have narrowed down your choices to two options.…

A: We will find out the required value.

Q: In the variable costing income statement, how are the fixed manufacturing costs reported, and how…

A: Variable costing Income statement is a way of finding the net profit or loss for a particular…

Q: The more hours maribel work her job, the larger her paycheck becomes. Independent or dependent

A: The number of hours is independent because it is the will of marible

Q: Why is the notion of present value so important when making business decisions?

A: Topic = Algebra

Q: Explain dividend payment procedure with the help of drawing time line. Graph is needed

A: The answer has been presented in the supporting sheet.

Q: Responding to Democrats who support doubling the federal minimum wage, a Republican says, "The…

A: From the given statement the, premise is "doubling the minimum wage" and the conclusion is "everyone…

Q: Most advancement professionals can explain why annual fund dollars are important. They provide an…

A: PREDICTED Actual Donation No Donation Donation 2102 (TP) 539 (FN) No Donation…

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A:

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A:

Q: 5. The table shows the estimated yearly costs to attend The University of Texas. What is the…

A:

Q: Suppose that you are thinking about buying a car and have narrowed down your choices to two options.…

A: Find the monthly payment for the new-car option. Substitute P=$32,000, r=5.45%,t=3 and n=12 in…

Q: Richard and Samantha are charting their monthly cash flow. They have some expenses like car repairs…

A: We have to find the amount to set aside.

Q: The figure below shows the federal surplus or deficit from 1980 to 2015.

A: Given information: Given graph shows the federal surplus or deficit from 1980 to 2015.

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A:

Q: Prepare the Production budget for the year.

A:

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A: NOTE: Refresh your page if you can't see any equations. . the given price is p=42 the limit of q…

Q: An ice cream shop created a monthly planning budget based on $25,000 in ice cream sales each month.…

A: An ice shop created a monthly planning budget based on $25,000 selling price on that month. It means…

Q: List some possible costs associated with renting a hall for a wedding or a banquet.

A: (a) we list the possible costs associated with renting a hall While renting a hall, the associated…

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A: Given:Supply equation, p=10+2qunit price p¯=32To calculate:Producer's surplus for the supply,(i.e.)…

Q: Calculate the net price of a case of paper if there are 20 reams per case and each ream costs $1.14.…

A: The expression: "x% of y" is same as the expression: xy100. The discounted amount is always…

Q: Calculate the missing information for the purchase. Selling Sales Sales Excise Excise Total Item…

A:

Q: If you take out a short-term loan for $800 at 250% interest for 11 weeks, how much interest will you…

A:

Q: Joshua repairs tubs and jacuzzis for $340 per job. His fixed costs are $1,250 per month and variable…

A: Given information Price per job=$340 Fixed costs=$1250 per month Variable costs per job=$40 a  We…

Q: = how a family budgets its annual income. If the total annual income is $125,000, what amount is…

A: The total annual income is $125,000.

Q: Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. a. What are your…

A:

Q: Explain Reporting the Funded Status of the Pension Plan.

A: According to the question, we have to explain reporting the funded status of the pension plan.…

Q: Calculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See…

A: Given:      p=10+2q, p¯=32